The historical triangle covers a large and lively area of modern Athens and includes three focal points in the three main districts of the city – Syntagma square, Monastiraki square and Omonia square.
A massive renovation is planned in the Theater square, located in the center of the capital, behind the city hall building and near which the property is located. Τhe municipality of athens plans the renovation of the square. This project achieves the aesthetic and environmental upgrade of the space, the promotion of the cultural elements of the area, the efficiency and accessibility of the public space to pedestrians, the creation of those functional conditions that will favor the strengthening of residential use in the area and sense of security of residents and passers-by 24 hours a day. This renovations will acquire the square to be modernized and to be become part of the route of Omonia again.
The four-story building was built in 1960 and was renovated during the years 1991-1993. The property has two facades. It is in excellent condition and includes a loft on the fourth floor. The property can be converted into a boutique apartment hotel. Permit construction right to build 2 more floors.