A spectacular display of light and color awaited residents of Piraeus on Tuesday evening as the second tallest building in Greece, the Tower of Piraeus, was illuminated for the festive season.
The Tower of Piraeus is 84 meters (276 feet) tall and consists of 22 stories. Although it has dominated the port’s skyline for 45 years, it has never been used.
However, soon the impressive building is expected to be occupied after decades of abandonment.
The building has been leased to a consortium led by Cante Holdings Ltd., which will manage it for a period of ninety-nine years at an annual lease price of 1,010,000 euros, with a 2.0 percent price adjustment for every year.
The lease agreement envisages a mixed use of offices, shops, underground parking, and exhibition halls, along with restaurants on the 19th and 20th floors.
The project will have a budget of 41 million euros and construction will be complete in approximately 33 months, sometime in the years 2022 or 2023.