€22 Million High-Rise to Transform Limassol’s Coastal Skyline

Introduction

A remarkable high-rise project valued at €22 million has been approved for construction along the scenic Limassol coastline. Developed by P.G. Economides Properties Ltd, this impressive building will soar to a height of 87 metres and offer a mix of commercial and office spaces.

Key Features

This modern structure will span 18 floors, complemented by a ground floor, mezzanine, rooftop garden, and two basement levels. Covering a total footprint of about 1,250 sqm, its built-up area will measure approximately 8,271.78 sqm. The design aims to accommodate diverse business requirements while also optimizing space.

Parking & Accessibility

With 146 parking slots—seven reserved for individuals with disabilities—spread across two basements, the ground floor, and the first level, the project prioritizes accessibility. It will also offer 20 bicycle spaces and 15 parking spots for motorcycles, catering to environmentally conscious commuters.

Construction Timeline

Once the necessary permits are secured, the estimated completion period for this development is 28 months. Its strategic positioning places it within a hub of residential and mixed-use properties, including offices and restaurants, ensuring a vibrant community atmosphere.

Location Overview

Situated near the Vathias River—only 77 metres to the east—the development takes advantage of both coastal views and convenient city connections. Griva Digeni Avenue, located 68 metres west, offers quick access to vital parts of Limassol. Noteworthy landmarks such as the iconic Oval building lie just 120 metres further west.

Neighboring Developments

The area surrounding the coastal avenue features numerous tourism-oriented projects, from hotels to leisure resorts. Moving north from the site reveals primarily residential clusters, complemented by select commercial buildings. For those exploring other real estate opportunities, take a look at our curated listings of Cheap Houses and Villas for Sale Cyprus or browse through an array of Commercial Properties in prime locations.