Hellenikon - East Village: The New 'Green' Neighborhood Redefining Life in the Southern Suburbs

The redevelopment of the former Hellenikon Airport site into a modern urban oasis is a transformative project for the southern suburbs of Athens, and the "East Village" is emerging as a flagship component. Ta Nea reports on the accelerated pace of development, highlighting how this new neighborhood is set to redefine luxury living in Greece, blending high aesthetics with resort-style amenities.

The "East Village," situated on the eastern side of the expansive site towards Glyfada, is designed to be a model community. Lamda Development's strategic vision includes 150 high-end residences spread across eight low-rise buildings, harmoniously integrated with the natural surroundings. The emphasis on five-star facilities, such as outdoor pools, state-of-the-art gyms, and dedicated concierge services, promises a lifestyle akin to a luxury resort, catering to a discerning clientele.

The international appeal of the Hellenikon project is undeniable, with expressions of interest from 17,000 potential buyers across 110 countries. This global reach underscores the project's significance not just for Athens but as a major international real estate investment destination. The strong sales performance, particularly in premium coastal developments like Cove Residences and the Riviera Tower, with prices ranging from €7,000 to €13,700 per square meter, reflects a robust market response. The profile of buyers, with a substantial portion viewing their purchase as an investment yielding 5-7% annual returns, indicates confidence in the long-term value and potential of this ambitious urban regeneration. The project's commitment to delivering approximately 2,000 residences by the end of 2028 signifies a major step towards realizing a new, vibrant urban core for Athens.