Athenian Riviera: ‘‘Gazing Into the Future’’ Athenian Riviera: ‘‘Gazing Into the Future’’ Athenian Riviera: ‘‘Gazing Into the Future’’ Overview The southern suburbs of Athens years and having realized the are the most dynamic, active, and enormous prospects of the region, a lively parts of the city, and more large number of urban interventions specifically, the coastal front have begun, thus upgrading the known as the “Athenian Riviera”. coastal front and consequently Considered by many to be Athens’ improving the quality of life for both showcase, with the coastal road locals and visitors alike. stretching from Mikrolimano in Piraeus to beyond the Temple of The rapid growth of tourism in Poseidon in Sounio and covering a Athens, and in turn its emergence total of 70km, the Athenian Riviera as an investment destination has is a place of escape from everyday triggered large hospitality and life and city routine. residential projects, attracting world renowned companies who have For decades, the finest parts of discovered the region’s enormous this coastline were considered prospects. prime spots for fun, relaxation, and recreation all year round. In recent ATHENIAN RIVIERA Palaio Faliro Alimos Piraeus Lagonissi Elliniko Glyfada Varkiza Voula Anavyssos Sounio Saronida Vouliagmeni 2 Athenian Riviera: ‘‘Gazing Into the Future’’ Piraeus – Mikrolimano Mikrolimano is a tourist site in the wider district of the Kastella region in Piraeus, located in the northeast corner of the Piraeus peninsula. Bordering the Neo Faliro district and next to the Peace and Friendship Stadium (SEF), Mikrolimano is known for its nightlife featuring many bars, restaurants and cafés. The Municipality of Piraeus has announced a large development in the area covering a total surface of over 15,600m2. This will transform the passage zone into a free walkway with a mild traffic zone and without parking spaces. The total cost of the development has been estimated at €5.7 million. Palaio Faliro Piraeus Port of Piraeus Bars/Clubs Cafes Restaurants Recreation Area Existing Developments Future Developments 3 Athenian Riviera: ‘‘Gazing Into the Future’’ Palaio Faliro Faliro bay, the beach of Kallithea Phase “B” includes the creation of city and the Athenian coastal front. and Moschato - Tavros, along with a 220,000m2 ecological park on the existing building facilities, is Moschato beach, as well as an Opposite the SNFCC, are the former set to be fully redeveloped over additional 35,000m2 park in the Olympic Facilities of Handball the next coming years, aiming to area over the newly built flood and Tae Kwon Do, now used for completely regenerate the area channel that will be constructed events. The facilities are further and connect it to the other projects from the repositioning of the coastal complemented by a commercial along the Athenian Riviera. The avenue. In addition, five footbridges area with stores and offices as well area’s redevelopment, launched will be built providing access from as the the Air Force History Museum. in 2017, includes the construction the residential areas of Kallithea, of a new, lowered, coastal road Moschato and Palio Faliro to Further down the road, the award- linking the Athens-Lamia National the sea. The Region of Attica has winning Flisvos Marina features Road (E75 Motorway) with Syngrou 11,500m2 meters of property at the state-of the art mooring facilities for Avenue, flood protection works, site of the Beach Volley stadium to small boats, yachts and mega-yachts. tram line arrangement works and be used for recreational purpose. The newly reinvented Flisvos Marina the construction of a coastal bicycle is also a place for entertainment, path (Phase “A”). Moving along the Faliro Bay road, hosting various bars, cafes and The Stavros Niarchos Foundation restaurants – making it one of the The present phase includes the Cultural Center (SNFCC) dominates southern suburbs hotspots especially construction of two bridges in Faliro bay with its imposing during the warmer months. In 2018, Kallithea and Moschato, which will presence. A true gem for the area Flisvos Marina was honored with provide pedestrian access from the and for the Athenian Riviera overall, the highest distinction of the Global side road of Poseidonos Avenue SNFCC was delivered to the State Gold Anchor Scheme, the “5 Gold to the sea. Additionally, there will on February 2017, accommodating Anchors Platinum”, distinguishing be construction of yet another two the National Library and the itself among the most remarkable bridges, one at the Peace and National Opera. The main building marinas in the world. The adjacent Friendship Stadium and the other in is complemented by a 210,000m2 Flisvos Park is the perfect place for Faliro Bay. Below these two bridges, park, where many cultural events both relaxation and fun as it has two circular hubs will be created in are hosted throughout the year, cafes, an amusement park, and a order to better manage traffic from making SNFCC a hub of recreation summer cinema. Piraeus to Athens and Glyfada. and a new point of reference for the Olympic Facilities Cinema Palaio Flisvos Marina Faliro Bars/Clubs Alimos Cafes Restaurants National Library National Opera Existing Developments Future Developments Recreation Area 4 Athenian Riviera: ‘‘Gazing Into the Future’’ Alimos Alimos Marina is the focal point of the municipality hosting various sport and hospitality facilities within its borders. Being the largest marina in the country, Alimos has a capacity of 1,080 berths for small cruise ships and yachts Palaio Faliro plus a dry dock with 600 berths Alimos for boats. Considered real estate with huge prospects for upgrading and exploitation, the marina has been included in a public tender by the HRADF (Hellenic Republic Asset Development Fund) with eight investment schemes having already qualified for Phase B of the competition. The Presidential Decree draft for the upgrading and Bars/Clubs Alimos Marina redevelopment of the marina also Cafes Hospitality Structures allows for its tourist exploitation, including the construction of hotels, Restaurants leisure and entertainment areas as well as additional restaurants, Existing Developments Future Developments bars, etc. 5 Athenian Riviera: ‘‘Gazing Into the Future’’ Elliniko Photography: www.thehellinikon.com The redevelopment of the former largest urban redevelopment taking common green areas, a 50km path Athens airport in the area of the place in Greece at the moment, re- network for pedestrians and bikers Elliniko (otherwise known as the shaping the form and course of an plus a new access-free beachfront Hellinicon Project) is the most high- entire area. A series of commercial stretching over 1km. profile project taking place in the and residential developments, Athenian Riviera at the moment. hospitality projects and vast areas Total investment for the project will The Hellinicon Project is expected used for leisure and entertainment reach €8bil., contributing over to completely redefine the region’s (i.e. a casino) are set to take place. €14bil. to the economy in taxes, profile, and establish the area Furthermore, the use of existing complemented by infrastructure as a landmark in the Southeast facilities built for the 2004 Olympic works ammounting to €1,5bil. Mediterranean. Games, the upgrading of the Agios During the development phase, the Kosmas marina, the construction investment is expected to contribute In 2016, an MOU was signed of new sports areas, as well as the +2.4% to the country’s GDP. between HRADF and the preferred creation of educational facilities Throughout the construction phase, investor, amending the 2014 (schools, campuses, etc.) distinctly approximately 10,000 people agreement of HELLINIKON S.A. reflect this massive investment’s will be occupied in the project. Since then the project matured holistic approach. In addition, it is estimated that a through a series of prerequisites total of 75,000 people will work and in February 2018, the Council One of the most important parts of in Hellinikon, upon its completion. of State approved the Presidential this investment is the construction Finally, “The Hellinikon Project” is Decree draft on the whole of the of the Metropolitan Park, which expected to attract an extra 1mil. redevelopment of Hellinikon, giving will be built within the boundaries foreign visitors in Athens, further the green light for the beginning of of the former Athens International enhancing the country’s booming construction. The projected start-up Airport. The park will cover a figures in Tourism. time is estimated to be within 2019. total area of 2,000,000m2. The “The Hellinikon Project” is the project will include 600,000m2 of 6 Athenian Riviera: ‘‘Gazing Into the Future’’ Photography: www.thehellinikon.com Alimos Elliniko Olympic Facilities Marina Hospitality Structures Metropolitan Park Residential Developments Casino Commerical Developments Existing Developments Future Developments Photography: www.thehellinikon.com Photography: www.thehellinikon.com Photography: www.thehellinikon.com Photography: www.thehellinikon.com 7 Athenian Riviera: ‘‘Gazing Into the Future’’ Glyfada “Asteria” is a 285,000m2 property on the tip of Glyfada Bay. Once considered Athens tourist hot spot during the summer season, “Asteria” numbered 100 condominiums, 14 tourist cottages as well as a variety of hospitality related businesses. The former tourist resort was recently acquired by “Grivalia Hospitality S.A.” from “Nafsika S.A.” for a total of €30mil. with the latter retaining a long-term lease agreement of the property owned by the Public Asset Company (ETAD) until 2081. The company aims to create a model hospitality unit, with clear reference to the resort’s rich history while highlighting the impeccable beauty Photography: www.news.gtp.gr of the area’s natural landscape. The total project coverage will be less than 1% of the total area, i.e. less than 28,000m2, meaning Elliniko that the company will invest in Glyfada the existing 20,000m2 by adding complementary structures that will showcase the new resort as a year round luxury destination.