The original Arsakeio hall, a landmark building on Panepistimiou Street, will be renovated through a 12-million-euro investment that aims to turn it into a cultural and gastronomy centre to promote healthy living and food.
An announcement on Tuesday pointed to the area’s refurbishment as a new lifestyle hub following the makeover of the 11,000-square-metre building complex. Work will begin in ten months and is expected to create 500 direct job openings and another 5,000 places not directly related to the project.
The building had housed the Arsakeio school for girls and, more recently, part of the building had also included a gallery of bookstores (Stoa tou Vivliou) and a spacious cafe offering classes and lectures.
The owners of the building are Filekpedeftiki Eteria (Society for Promoting Education and Learning), the same non-profit group that manage the Arsakeio schools.
The organisation, along with Legendary Food company, announced on Tuesday that their goal was to promote the area as a top tourist destination. It is hoped to draw more than 3 million visitors per annum.