Horrible soulless project :yuck:
Team:Hellinikon Metropolitan Park
The Hellinikon Metropolitan Park is a 200-hectare landscape of cultural and natural beauty, located outside of Athens, Greece. Primarily located on the grounds of the Hellinikon former airport and the site for the 2004 Olympics it is bordered by Hymettus Mountains to the east, a golf course to the south and the Saronic Gulf on the west side.The new parks basic structure is organized by the wavy crossing road and three pedestrian axes that traverse the site. Two of them are reused thin sections of the international and domestic runways. The third is a new pedestrian spine connecting the new shopping mall nearest the mountains through the park and village and to the beach. These three lines meet and form a triangle that is the existing location for the 2004 Olympic games symbol, a new museum and a grand plaza. This is the nexus point and heart of the park.
Lamda Development, the selected investor for the 7 billion euro development of Athens’ former airport in Hellinikon, submitted on Thursday its master plan to Greece’s state privatization fund TAIPED, the company’s CEO Odysseas Athanassiou announced during the company’s annual shareholders meeting.
The submission of the plan, which aims to turn the area into a world-class tourism destination that will attract an extra one million tourists per year, marks an important step towards the materialization of the project.
Once the plan is endorsed by a multi-ministerial committee it will go to the State Council for final approval.
Lamda Development has been waiting to get the final go-ahead for the ambitious project set to transform Athens’ former airport complex into a metropolitan park including the development of residential zones, hotels, shopping centers, theme parks, museums, open-air cultural venues, health and life centers, sport and leisure facilities as well as the creation of modern business, educational and research hub.
The investment is expected to create 10,000 permanent jobs during the construction period and 75,000 jobs (IOBE study, July 2016) during its maturity.
The development project for the old Athens airport plot at Elliniko will start this year, the government assured on Tuesday, with the draft presidential decree for its implementation to be fast-tracked at Council of State’s plenary due to the significance of the matter.
CoS chairman Nikolaos Sakellariou has signed a decision for the decree draft to be presented immediately to the plenary for processing and a decision is expected today on the date of its discussion (to take place behind closed doors) as well as on who will introduce it.
Deputy Economy and Development Minister Stergios Pitsiorlas said in a radio interview on Tuesday that according to the timetable, the administrative court should approve the decree within the first months of the year. This will be followed by the licensing of the casino in the area.[/qote]
Future appears bright for Lamda Development
New investors have purchased a stake in Lamda Development, the construction firm which heads the consortium planning to implement the Elliniko project. The development of the old Athens airport plot is now closer to getting the green light, with the signing of the necessary presidential degree due to take place on Friday.
Panos Germanos’s Olympia Group and interests of pharmaceuticals entrepreneur Vassilis Katsos’s family have jointly acquired on a 50-50 basis the 12.8 percent stake in Lamda Development that GSO sold; the US fund operates under the umbrella of private equity giant Blackstone, which had exceeded the time limit for holding this stake.
https://thehellinikon.com/the-vision/an-iconic-destination/The Hellinikon Project, with a total area of 6,200,000 sqm, aims at becoming a new point of reference, a new direction, a new destination for the City of Athens. This is a project designed with everybody in mind, full of landmarks.
The Metropolitan Park Multifunction center with observation tower. Such building will become a significant point of reference and destination. The Metropolitan Park Multifunction center will be a flexible space, able to host a multitude of large scale events, from concerts, live TV programs broadcast, to basketball games.
In addition, a group of high-rise buildings including the Marina Residential Tower, the Promenade Residential Tower, the Hotel by the Mall and the Office Tower will further enhance the new landscape.
The transformed waterfront will include a new free-access beach, a world-class Aquarium, a state-of-the-art Marina, all of which constitute a series of new landmarks to embellish the Athenian Riviera.
The Integrated Resort, the Science and Research institutions, will attract a new demographic of tourists visiting Athens, providing another strong competitive advantage to the country of Greece as a top destination.
https://thehellinikon.com/the-prototype-city/Inspired by Lamda Development,
the Hellinikon Project is an €8 billion investment that is estimated to create more than 75,000 jobs in total.
The selection of the internationally acclaimed architectural firm FOSTER + PARTNERS together with ARUP Engineers, Charles Anderson Landscape Architecture (USA) and numerous reputable Greek designer offices, safeguards the strategic vision of the Developer, that is the design and implementation of a project that will have a significant positive impact on the living standards of the project’s regional end-users, as well as, for the country as a whole.
ATHENS, Feb. 22 (Xinhua) -- Greece's supreme administrative court, the Council of State, Thursday opened the way to the development of the former Hellinikon airport in Athens, approving the submitted investment plan as fully compliant with the Greek constitution and legislation.
In their ruling, the judges said that the development of Hellinikon serves the public interest in improving the economy, providing employment opportunities, and promoting Athens as a cultural metropolis.
The 8 billion euros (9.6 billion U.S. dollars) project will be realized by a consortium which won an international tender.
The approval fulfils one of the outstanding prior actions for Greece's third fiscal review by its creditors, according to Greek national news agency AMNA.
Greek officials and experts consider the plan to create a metropolitan park and develop real estate on the seaside site of the former airport as a key plan to help restore growth in the ailing economy.The former airport closed before the 2004 Athens Olympic Games.
According to a survey by the Athens-based Foundation for Economic and Industrial Research, the redevelopment of derelict buildings and their surroundings into a park and residential area would create 70,000 jobs and boost Greek GDP by some 1.5 percent over the next two decades.
According to the Council of State ruling, the public interest would be served by “the creation of a metropolitan multipolar project of national and international reference; the construction and maintenance of a metropolitan and recreational park in Attica and the establishment of a metropolitan development center in the region, with multiple specific objectives concerning, inter alia, the economic crisis; the development of the national economy; increasing employment and reducing unemployment; combating poverty; aiding the reduction of public debt; the emergence of Athens as a cultural metropolis; an international tourist attraction; an important center of economic growth, and entrepreneurship, etc.”
Another point of the ruling says that “building high-quality, high-rise buildings, improves the quality of life by reducing covering of space, increasing free space and greenery and improving lighting and sunshine.”
The planned “mild intervention coastal operations, the upgrading of the beach and the ability to build an aquarium, combined with the wider regeneration of Faliro bay that has been approved”, are also reasons for the developers to proceed with the project.
Las Vegas-headquartered Caesars Entertainment has reportedly expressed interest in bidding for a casino license at Athens former Ellinikon International Airport, as the Hellenic Gaming Commission is preparing to launch an international tender, according to Greek Reporter.
Reuters reports that it was told by a Finance Ministry official that soon an adviser for the tender would be hired.
This after last Thursday’s 111-page ruling from Greece’s top administrative court approving a development project (“The Hellinikon Project”) planned by property developer LAMDA Development S.A. (LAMDA:ATH).
According to Reuters, the Greece-headquartered property developer signed a 99-year lease in 2014 with the state to convert 6,200,000 square meters of wasteland at Ellinikon into a multi-purpose complex of hotels, luxury residences, a casino and a yachting marina.
GTP reports that the casino will occupy a 161,458 square foot space in one of the skyscrapers, including 86,111 square feet for gambling halls, on the Ellinikon premises, with the license awarded firm retaining operating rights for up to 30 years.
Upon completion, it will reportedly be the first integrated casino resort in Europe.
The new casino license is a key conditionality for an investment of 8 billion euros (approx. US$9.7 billion) by LAMDA for the site’s renovation.
Mohegan Gaming & Entertainment has won the initial right to build a casino resort at the shuttered Hellenikon International Airport in Athens, Greece.
The gaming unit of the tribe, based in Connecticut, was awarded the lone license on Monday by the Hellenic Gaming Commission (HGC). Mohegan has created a consortium with Greek construction firm GEK TERNA.
Project plans for the resort, to be known as INSPIRE Athens, call for a luxury hotel, several entertainment venues, a convention center, retail shopping, numerous restaurants, and a casino.
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