Limassol’s Ariel Cinema, a historic site long out of use, is set to be transformed into a 19-storey mixed-use tower following approval from the environment department.
Dating back to 1966, the cinema was located at the intersection of Makariou and Agia Zoni streets and featured separate theatres for winter and summer viewings, making it a notable landmark of its time.
Its name, ‘Ariel,’ was an acronym created from the owners’ names, Aristotelous and Eleni Polimidi.
The €45 million project, led by a businessman of Armenian origin and his company Pandigi Ltd, will introduce mixed residential and office spaces across a total buildable area of 11,000 square metres.
The development, designed by architectural firm Panos Panayiotou and Associates, will replace the long-disused cinema and several other buildings on four large parcels of land totalling over 4,000 square metres.
Construction of the high-rise, which will stand 90.8 metres tall with a rooftop garden, is slated for completion within 24 months.
Plans include underground parking for 190 vehicles, a ground floor with shops and a reception area, and additional facilities such as a gym, sauna, spa, and event space across various floors.
Office spaces will occupy floors three through fifteen, with exclusive apartments designated for the top three floors.
Additionally, the building will incorporate photovoltaic panels to partially cover its electricity needs through renewable energy.