No one can speak about the French Riviera without stating Monaco (or Monte Carlo). Obviously the principalty isn’t French but there are strong links with France. And Monaco definitely takes part of the French Riviera. Real estate in Monaco is a big deal because real estate developers are few. Pastor family owne the main buildings. The crucial point is above all space. Monaco is a small territory. More and more foreigners want to live in Monaco.The principalty has been working hard to find new spaces to build properties (flats) and hotels.
At the end of the seventies, high buildings were constructed on the Larvotto area. During the 1990’s, Monaco created Fontvielle area : 22 hectares have been constructed on the sea. But it’s still not enough for the most expensive and secure place on the French Riviera. At the beginning of 2000, a seawall has been added to create a bigger port. Monaco needs also place for cuise ships and yachts.
A local architect and an international one have been working since 1997 on a new architectural concept in Monaco. The objective is to acquire much more space. Monaco is surronded with France on every part. The only way to find place is firt in the air, secondly on the sea. The initial project was totally crazy : the surface of Monaco would have been growing for 1/3 of its global surface. 2,5 km of beaches would have been added with a preserved lagoon. Thanks to this, 800 new places for cruise ships would have been created. A 80m depth seawall would have been necessary to build everything.
Far from this excessiveness, the new concept is much more sensible. 30 have been working on it for 2 years. It is still located on the Larvotto area in Monaco. A deck made with stilts can be built. An oval port can welcome new boats and a specific platform for liners can be added. Monaco can have 400m of new beaches and enough spaces to build new big towers. This project is estimated to cost € 5,000,000 for the deck and another € 25,000,000 for buildings. 13 years would be necessary to do all the works.
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