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According to local legend, the Byzantine family 'Katakouzinos' once possessed the land that now belongs to the neighborhood.
At the end of the 20th century, it was established as a location for the housing of immigrants from former Soviet bloc countries, and has more recently become a hotspot for real estate development projects.
The neighborhood is undergoing unprecedented expansion, much to the dismay of current residents, who shed a tear of nostalgia over the destruction of their childhood memories.
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