€22 million mixed-use tower in Limassol’s Neapolis wins environmental approval

Limassol, Cyprus. A €22 million mixed-use office and commercial tower is planned for Limassol’s Neapolis area after receiving approval from the Environmental Authority. Construction is expected to take 28 months from the issuance of the necessary permits.

Project overview

The project is promoted by P.G. Economides Properties Ltd and involves the development and operation of an approximately 87-metre-high building on plots totalling 3,123 square metres along 28 October coastal avenue.

According to the Environmental Assessment study, the development will include a ground floor, a mezzanine, 18 above-ground floors, a roof garden, and two underground levels.

Site context

The department of environment said the site is within an established mixed-use zone. To the east and west, it borders residential and office developments, while further along the coastal front there are predominantly tourist and catering units.

The Vathia Potamos runs less than 77 metres east of the site.

Access and surrounding roads

Access will be provided via Dandi Street to the east and Raphael Street to the north. Griva Digeni Avenue lies 68 metres to the west, and the Oval building is approximately 120 metres further west.

A branch of 28 October avenue borders the southern edge of the plot, with the main coastal avenue located 16.5 metres away.

Basement levels

The two basement levels will total 4,780 square metres and will primarily accommodate parking and auxiliary uses.

How do you think this development could affect the surrounding mixed-use area in Neapolis?