Lamda Development is moving forward with a new residential complex of five buildings in the area of The Elinikon – Agios Kosmas, in the Little Athens neighborhood.
The project has been subject to standard environmental commitments and concerns the construction of a total of 128 apartments.
The complex will be developed on a plot of approximately 13 stremmas and will include four five-story residential buildings and another five-story mixed-use building, with commercial stores and dining areas on the ground floor. Underground parking spaces with 240 spaces are planned, as well as 23 outdoor parking spaces, bringing the total to 263.
The maximum permitted coverage of the plot is 5,166 sq.m. and the maximum building area is 17,395 sq.m., while the project also includes 16 swimming pools. The main designer of the project is the architectural firm AUDO.
The five buildings are located around the perimeter of the building block, forming a single uncovered space inside, which will function as a shared inner courtyard for the residents. Of the 128 apartments, with one to four bedrooms, 30 residences have a surface area of over 150 sq m.
The mixed-use building is planned to operate 11 shops on the ground floor, with a surface area of 48 to 163 sq m, while the residences will be developed on the upper floors.
Property sales trend in The Ellinikon
To date, 315 beachfront homes have been put on the market in The Elliniko, which have been sold in their entirety, as well as 671 homes in the Little Athens neighborhood, with an average price of 9,400 euros per sq m. Of these, 84% have been sold, according to the company’s latest presentation (January 2026). These homes are divided into six complexes, with Sunset Groves being the most recent to be put on the market.
The total value of residential and land contracts in The Elliniko amounts to 1.9 billion euros, of which 1.1 billion euros collected by the end of November 2025.
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