Big changes could be coming to the Monaco skyline if three major development projects in the Jardin Exotique and Condamine neighbourhoods make it past the local council. Here’s everything we know about the plans so far.
In light of a shift in urban planning regulations, a number of real estate projects that were previously turned down due to issues with their height and design, among other concerns, are now being reconsidered by Monaco’s Conseil Communal.
Though they are yet to be formally voted on – importantly, no permits or official start dates for the projects have been confirmed – the locations of the three main developments under consideration have been made public, as reported by Monaco Matin.
THREE PROJECTS
The first project would involve the demolition of three villas located between Rue Honoré Labande and Boulevard du Jardin Exotique. The plans indicate that Villas Montagne, Marie and Victoria will be razed to the ground in order for the construction of a new singular building that measures up to Monaco’s modern and sustainable standards. To this end, the building is expected to feature a green roof.
The second development centres around the renovation and restructuring of the CFM Indosuez building on Square Gastaud. The objective of the project is to bring the aesthetic of the building more into line with the general look of the historic Condamine neighbourhood.
In comments to the Monaco Matin, Pascal Rouanet, the director of Monaco’s Department of Foresight, Urban Planning and Mobility, said, “At the moment, we are talking about a potential elevation of the building. Potential because for the moment, I do not have a file. The building has an altitude of 29.5m. The goal of the procedure is to modify the altitude to allow for a possible elevation.”
Finally, the properties at No. 39, 41 and 43 on Rue Grimaldi are in the crosshairs for demolition. On this site, developers reportedly want to clear the path for a new, contemporary construction that was previously outside of Monaco’s building code.
While it appears likely that these three distinct projects will go on to the next stage of planning, the authorities have been keen to reassure the public that the developments will not be rubber-stamped without thorough evaluation and a certain degree of caution.
“For the moment, the goal is to adapt urban planning regulations; we are not in the process of validating projects,” said Rouanet. “We provide the regulatory outlines, but we do not have a permit on the table. [The projects] are still under investigation and awaiting validation by the council.”
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