A man sits beneath palm trees on a beach in Glyfada suburb, south of Athens.
A man sits beneath palm trees on a beach in Glyfada suburb, south of Athens.Photographer: Yorgos Karahalis/Bloomberg
Economy

Athens’ Revival Hinges on a Pre-Pandemic Vision of Paradise

A coastal development three times the size of Monaco relies on people being ready to invest far away from home.

A short drive south of the Acropolis in Athens lies a vast stretch of coastal property that will be a critical test of the post-pandemic recovery.

At the decommissioned Hellinikon airport, Greece’s biggest development project is getting ready to move forward. The 8 billion-euro ($9.6 billion) plan offers a tantalizing combination of public parks, beachfront residences and high-end shopping and office space.