After years of uncertainty and stalled redevelopment proposals, the Fontvieille Shopping Centre is finally set for a major upgrade. On Friday 25th July, the Monaco government announced a €10 million investment to modernise the ageing commercial hub, while the broader and more ambitious reconstruction project remains under reassessment.
The announcement marks a significant step forward for one of the Principality’s most frequented public spaces. Calls to revitalise the Fontvieille Shopping Centre have been mounting for years, with successive proposals to demolish and rebuild the complex either shelved or delayed.
The most recent version, which had envisioned doubling retail space and introducing new housing, offices and entertainment facilities, has yet to materialise. While the government has not ruled out a full redevelopment in the future, this latest move signals a clear shift towards immediate, practical improvements.
The €10 million package — €8 million already allocated since 2019, and a further €2 million announced last week — will fund upgrades to essential infrastructure, including the replacement of travelators and walkways from 2026. Additional works aimed at improving lighting, comfort, aesthetics and accessibility are expected to begin shortly. The government is also increasing the centre’s operating budget to strengthen day-to-day maintenance, safety and cleanliness.
Trader support and continuity of operations
A key component of the plan is to ensure commercial continuity throughout the renovation period. A first meeting with shopkeepers was held on Thursday 24th July to present the project and gather feedback. The government says that these consultations will continue to support individual businesses and minimise disruption.
In parallel, efforts are being made to maintain footfall and economic activity during the transition.
Elected officials cautiously optimistic
The National Council, which has been vocal in criticising the previous lack of progress, responded positively to the announcement. Council President Thomas Brezzo described the revised approach as “a very encouraging sign” and acknowledged that it reflected priorities long championed by elected representatives. “This presentation, which allows us to glimpse a shopping centre worthy of the 21st century, shows the government’s willingness to advance a project that has been postponed for far too long,” he said.
Corinne Bertani, also speaking on behalf of the Assembly, highlighted the importance of listening to shopkeepers and welcomed the government’s commitment to involve them meaningfully in the process. “The traders’ voice is essential in shaping a viable future for Fontvieille,” she said.
A renewed direction, but questions remain
While this refurbishment represents real progress after years of inaction, questions remain over the fate of the original €300 million redevelopment project, once touted as a transformative urban development for the district. No formal announcement has been made regarding its future, and it remains unclear whether a full reconstruction has been paused indefinitely or simply deferred.
For now, the focus has shifted to delivering visible, tangible improvements that meet the needs of Monégasque residents and local businesses. As officials continue to consult and revise their long-term urban strategy, the Fontvieille Shopping Centre appears—at last—to be entering a new chapter.
See also:
Government defends record after National Council highlights Fontvieille decay and project delays
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Photo credit: Cassandra Tanti, Monaco Life