Construction of the first two waterfront villas and 24 branded apartments at Elounda Hills in Crete, Greece, is scheduled to begin in October 2026, following a contract awarded by developer Mirum Hellas to construction company Domiki Kritis.
Domiki Kritis disclosed the award on 11 September, stating that Mirum had assigned the first section of the project on 03 September. The contract is worth €6.4m excluding VAT and covers excavation, concrete structural frames and embedded mechanical and electrical services for the apartments and two villas.
The contract follows an earlier agreement involving Domiki Kritis in planning the works.
Marina apartments and waterfront villas
The 24 homes form the Marina Collection, overlooking the marina and hotel beach club near the seafront promenade. The collection comprises two, three and four-bedroom apartments ranging from 140-260 m², with balconies and parking for up to two vehicles. Most are planned with private plunge pools.
The apartments will be managed by 1 Hotels & Homes, a hospitality and branded residential operator.
The two villas covered by the contract belong to the Waterfront Villas collection. Furnishings and interiors brand Ralph Lauren Home will provide individual interiors for these homes.
The wider collection offers five, seven and eight-bedroom layouts, large terraces, infinity pools, landscaped gardens and private parking. A professionally managed rental programme is also planned.
Part of a phased coastal resort
The residences are part of a broader resort overlooking Mirabello Bay. The masterplan comrpises a 90-hectare site with more than 600 privately owned apartments, duplexes and villas to be delivered across four development phases.
Planned hospitality accommodation includes a 129-key hilltop hotel and a 15-suite marina hotel. The wider facilities include a 64-berth marina, a 2km seafront promenade, two beach clubs, a spa, restaurants, botanical gardens and sports facilities.
Luxury hospitality design practice WATG is the masterplanner, while coastal engineering consultancy MARNET is part of the project team. Elounda Hills has secured Strategic Investment Status from the Greek government and a special zoning plan ratified by presidential decree.
