INSUBCONTINENT EXCLUSIVE:
site of the former international airport, it marks a significant leap for the city.Led by Lamda Development, the project includes
6,200 acres.Despite delays due to the economic crisis, COVID-19, and the war in Ukraine, the project is now on track.The first residents are
Mandarin Oriental Group.Additionally, it will feature two large shopping centers and a 1.5 million square meter coastal park, the largest in
Europe.Ellinikon will integrate advanced technologies to manage water, energy, and waste efficiently.AI will play a crucial role, enhancing
sustainability and operational efficiency.The development will significantly boost the Greek economy, potentially adding 25 billion euros to
Ellinikon, has sold 140 out of its 243 planned homes.Prices hit 15,000 euros per square meter, with the project expected to yield over 10
billion euros in tax revenue for Greece.They expect to construct the first 15 residences and reach 100 meters on the Marina Tower by the end
of this year.Ellinikon is a burgeoning reality, not just a vision
This smart city marks a pivotal shift toward sustainable, intelligent urban living.Background on Smart CitiesCritics argue that smart cities
prioritize control and monitoring over personal freedoms.Surveillance cameras and data collection spark privacy worries, with concerns about
areas.In addition, during lockdowns, these cities might enforce more localized restrictions
Automated systems in smart cities may lack transparency.Facial recognition technology raises concerns about mass surveillance
These systems could be exploited for political control.Efficiency emphasis might overshadow community relationships
Critics urge robust safeguards for individual freedoms.
