For Nicholas Pisaris, an international negotiator and corporate lawyer, life is a tale of two cities. He divides his year between a home hidden in an orchid-filled garden in Miami’s historic Coconut Grove and a loft apartment with the Acropolis on the skyline.

The son of Greek immigrants, Mr. Pisaris grew up in the United States speaking Greek, English and Spanish. His Athens connection, however, came less through birth than from friendships made when he worked in London for a petroleum company. Then, invited to serve on the board of a cruise ship line, he was introduced to a nontourist Athens and began shopping for property in 2000.

A year later, he found a loft in Psyrri, a somewhat gritty neighborhood where real estate goes for about 30 percent less than in Plaka, the tourist neighborhood that sits under the Acropolis. But even in Psyrri, cafes, clubs and ice cream parlors are replacing shoemakers and other light industry.

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