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Elounda Hills Resort one step closer to construction
The Elounda Hills Integrated Resort complex has been approved by the Special Spatial Development Plan of the Strategic Investment. The €409 m investment in Mirabelos bay, Crete is a project of Mirum Hellas.
The next step is the approval of the planning and the Environmental Impact Assessment, in order for the project to claim a building permit.
According to the plan, the resort does not have golf facilities. The maximum permissible height of buildings is 10.75 m and is reduced to 7.5 m for dwellings closer than 30 m from the shore line. Also, the environmental footprint of development should be limited, while unstructured areas should function as a single ecosystem.
Following that first approval, it is estimated that construction of the Elounda Hills, could begin within this year. The development will rest in an 840-acre section of land, that has resulted from the merger of individual properties. It is divided into six separate units, which correspond to a building area of 130,000 sqm.
Mirum Hellas plans to build a five-star hotel with 200 beds, as well as more than 340 holiday homes, which will go on sale from €250,000 to €2 m.
Part of the investment is also the 17 luxurious 400-450 sqm villas already built and available from 2 to 11 m euros each.
Apart from the 17 newly built villas, part of the investment is the Akrotiri Hotel, which will reopen under the management of the Aria Hotels brand. It will include 16 VIP suites, and is an investment of 1.5-2 m euros. Also included is the villa Koundourou that was also purchased by Mirum Hellas.
The resort will also include a marina, spanning 123 acres of marine land and occupying a land area of 43 acres.
The facility will include inter alia an office building, a control tower, a hotel, shops, restaurants, an outdoor cultural activities area and a helipad.
Original Source: Capital
Adaptation/Translation: Kiki Athanasiadis