Legendary Food, which has undertaken the renovation of the Stoa premises and its use for 35 years, implementing a very important and demanding investment, leased 12,000 sq.m of the total 25,000 sq.m of the entire building. The historic building houses the Council of State (Ste) on the second floor and the Art Theater in the basement, independently of the premises leased by the company.
After the announcement of an important deal recently with the European Parliament for the operation of the "Europa Experience" - an agreement that also shows the multi-collective character of the revival of the Lodge - he is proceeding with agreements for 4 stores of well-known brands in the field of clothing in the stores with a facade Stadiou street.
According to people familiar with the matter, the company Notos is on the verge of opening a store of the well-known brand Lacoste as well as The Bostonians, which, in fact, will be the flagship of the brand. Stadiou street is one of the most commercial streets in the center of Athens and the company after - as everything seems to be - the departure of the former Lambropoulos following Dimand's deal with Piraeus Bank gives "special weight" to the new location.
A point which, as the Managing Director of Legendary Food, Panagiotis Triantafyllopoulos mentions in ered, will play a decisive role in consolidating the Stadium as a street with strong commercial interest in the fashion retail sector in the coming years, joining the "chain" between Syntagma and of Omonoia.
"By leasing this particular building, we want to contribute decisively to the wider development of the center of Athens, through the creation of this innovative multi-purpose space, which will be a hub for gastronomy, culture and commerce," points out Mr. Triantafyllopoulos and adds: "The Stoa Arsakeiou will offer an overall experience with large catering and food stores as well as fashion retail stores with 4 strong brands. In fact, the retailers are "betting" on the large development of many well-known hotel units in the area. We are sure that the renaissance of the iconic Arsakei Lodge will stimulate consumer traffic in the wider area, and will create a continuous flow of visitors between Syntagma Square and Omonia Square".
As for the "Karolos Koon" Art Theater, it will continue its operation, while an investment by Legendary Food has been planned for the reformation of the entrance. The total investment will reach €15 million excluding the investments made by the tenants. After the completion of the work, the attendance at the Lodge will reach 7,000 to 8,000 people per day.
