Fact-checked · Up to date · Official sources
Riviera Tower Athens is a 200-metre, 50-storey residential tower at the Ellinikon, designed by Foster + Partners for Lamda Development and Greece’s first skyscraper of its kind. All of its roughly 170 apartments were pre-sold for more than €600 million in total. The frame reached full height in the first half of 2026, and the developer expects the tower to be ready by the end of 2027.
Last verified: 20 October 2026Riviera Tower Athens is a 200-metre, 50-storey residential tower on the coast at the Ellinikon, the former Athens airport site. It is Greece’s first residential skyscraper and, at full height, the tallest building in the country. Lamda Development is the developer.
Foster + Partners designed the tower, which Lamda Development describes as the first green residential skyscraper in Greece and the tallest seaside building in the Mediterranean. It stands on the Coastal Front of the Ellinikon project, next to Agios Kosmas Marina and the Riviera Galleria shopping centre. Lamda’s 2021 masterplan presentation called it the Marina Tower.
All apartments were sold before completion. The Riviera Tower Ellinikon homes can now change hands only as resales, once owners decide to sell.
The table gives the latest official figures for Riviera Tower as of 20 October 2026. Where official sources differ, both figures are shown.
| Item | Figure | Source and date |
|---|---|---|
| Height | 200 m | Lamda Q1 2026 results, July 2026 |
| Floors | 50 | Lamda Annual Report 2025 |
| Apartments | 170 (Lamda); 173 (project website); 169 (main contractor) | Lamda, June 2025; The Ellinikon Riviera page; Bouygues Construction |
| Sales | 100% pre-sold | Lamda, June 2025 |
| Total sales value | More than €600 million | Lamda, June 2025 |
| Construction progress | About 70% complete | Lamda H1 2026 results call, 17 September 2026 |
| Expected readiness | End of 2027 | Lamda executives, 14 October 2026 |
| Architect | Foster + Partners | Lamda Development |
| Builder | Bouygues Bâtiment International with AKTOR (formerly Intrakat) | Lamda company history; Bouygues Construction |
| Green rating target | LEED Gold (pre-certified) | Lamda, June 2025 |
The structure is complete and work has moved to the interior. Lamda executives said in October 2026 that the tower would be ready by the end of 2027. Lamda has not published a handover date for individual apartments.
Lamda also said the tower’s profit margin is below target, mainly because building costs rose after the apartments were sold. That is a matter for the developer’s shareholders, not for buyers with signed contracts. It does show that fixed-price, pre-sold projects carry cost risk for the developer.
Older dates are out of date. The main contractor’s page still shows delivery in 2026. Lamda’s Annual Report 2025 schedules the whole of phase one for 2027 to 2028.
Lamda Development has not published Riviera Tower prices per apartment or per m². The only official sales figure is the total: more than €600 million for about 170 apartments, all pre-sold, as Lamda stated in June 2025.
Simple division gives an average of more than €3.5 million per apartment. This is our arithmetic, not a Lamda figure. Apartment sizes and floors vary widely, so the average says little about any one unit.
Unofficial price figures for the tower circulate widely. We do not repeat them because Lamda has not confirmed them.
Riviera Tower apartments face the Saronic Gulf, with views that the developer lists as the Athens Riviera, the Acropolis and Sounio. Official materials describe the features below; unit sizes and layouts are not published.
A Riviera Tower apartment can qualify for the Greek Golden Visa if it costs at least €800,000 and has at least 120 m² of main living space. Both tests apply because the Ellinikon is in the Attica Region, under Law 5100/2024.
See our Greece Golden Visa guide for the full process and residence permits for renewals and family members.
Lamda Development has not published service charges for Riviera Tower. A tower with concierge-style services, lifts, shared pools and smart-building systems will cost more to run than a standard Athens block, but no official figure exists.
Ask the seller for the latest common-charges budget and the estate management agreement. Annual property tax (ENFIA) also applies; see ENFIA for non-resident owners.
Riviera Tower is the highest-priced and most vertical product at the Ellinikon. Most other homes are low-rise, and some are still for sale.
| Product | Homes | Type | Sales status | Expected delivery |
|---|---|---|---|---|
| Riviera Tower | About 170 | 50-storey tower | Sold out | End of 2027 (executives) |
| The Cove Residences | 115 | Low-rise apartments and duplexes | Sold out | Residents from H1 2027 |
| The Cove Villas | Not published | Individually designed beachfront villas | Sold out | Not published |
| Little Athens | 750 released | Buildings of 5 to 12 floors, 1 to 5 bedrooms | 610 sold or reserved (31 Aug 2026) | H1 2027 to Q2 2030 by scheme |
| Skyline Havens (East Village) | 150 | Up to 5 floors, 1 to 4 bedrooms, third-party developer | On sale, average €10,330 per m² | H2 2028 |
Sources: The Ellinikon Riviera page, Lamda H1 2026 results, Lamda Annual Report 2025 and our report on Skyline Havens prices. For the wider plan, phases and phase-two homes, see the Ellinikon project guide and Ellinikon phase two.
Riviera Tower has moved from permit to full height in under four years. Dates come from Lamda Development unless stated.
| Date | Milestone |
|---|---|
| April 2022 | Bouygues Bâtiment International and Intrakat chosen as early-stage construction consultant |
| August 2022 | Building permit issued |
| May 2023 | Bouygues and Intrakat consortium takes over construction |
| 2023 | Foundations completed |
| February 2024 | Hill International selected to supervise construction |
| June 2025 | Lamda reports 100% pre-sold, more than €600 million |
| March 2026 | 44th floor reached; about €60 million contractual payment collected |
| H1 2026 | 50th floor and full 200 m height reached |
| 17 September 2026 | About 70% complete, per the H1 2026 results call |
| 14 October 2026 | Executives say the tower will be ready by the end of 2027 |
| End of 2027 (planned) | Completion |
With the developer sold out, a buyer today deals with an existing owner. The checks are those of an off-plan resale until the tower is finished, and of a standard resale afterwards.
Our off-plan checks for Athens and costs of buying in Greece cover each step. For prices in the surrounding suburbs, see Athens Riviera prices.
Thinking about buying on the Athens Riviera? Give your brief to an independent buyer’s agency. It can search the market for exactly what you are looking for and advise you through the purchase.
Riviera Tower is 200 metres tall with 50 floors, according to Lamda Development. It reached its full height in the first half of 2026, making it the tallest building in Greece. Foster + Partners designed it, and Lamda describes it as Greece’s first green residential skyscraper and the tallest seaside building in the Mediterranean.
About 170. Lamda Development gave 170 apartments in June 2025. The official project website now shows 173 residences, and the main contractor’s page shows 169. The differences may come from units merged or split during sales. All apartments were sold before completion, so any apartment offered today is a resale by an existing owner.
Lamda Development has not published prices per apartment or per m². It reported total pre-sales of more than €600 million for about 170 apartments in June 2025. That implies an average above €3.5 million per apartment, which is our calculation, not an official figure. Resale prices are set by individual owners.
Lamda Development executives said in October 2026 that the tower will be ready by the end of 2027. On the H1 2026 results call in September 2026, management said it was about 70% complete. The structural frame reached the 50th floor and its full 200 m height in the first half of 2026. Handover dates per apartment are not published.
Not from the developer. The official Ellinikon website lists Riviera Tower as sold out, and Lamda reported it 100% pre-sold in June 2025. You can only buy from an existing owner, either as a transfer of their pre-sale contract before completion, if the developer allows it, or as a normal resale after completion.
An apartment qualifies if it costs at least €800,000 and has at least 120 m² of main living space, the rules for Attica under Law 5100/2024. Most units pass the price test, but you must check the main area in the title documents. A completed notarial purchase is needed, and the home cannot be let short term. See our Golden Visa guide.
Foster + Partners designed Riviera Tower for Lamda Development. A consortium of Bouygues Bâtiment International and Intrakat, now AKTOR, took over construction in May 2023, and Hill International supervises the works. The tower targets LEED Gold certification and was pre-certified, according to Lamda Development.