The former Wall Street trader Angelos Michalopoulos has acquired about a quarter of the island of Ios in the Aegean Sea where his new 30-suite Calilo resort is expected to open next summer with solar power, geothermal cooling and building materials such as marble and granite quarried at the beachfront site. The 1,000-acre property will host six miles of trails, an open-air cinema and an organic garden providing food for the restaurant.
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