Monaco’s most ambitious land reclamation project, Mareterra, will be inaugurated on 4th December 2024 by Prince Albert II and Princess Charlene. The €2 billion eco-district, featuring luxury residences, a marina, and public green spaces, opens to the public the following day.
The highly anticipated Mareterra district, a stunning six-hectare addition to Monaco’s coastline, is set for its official inauguration on 4th December by Monaco’s Princely couple, Prince Albert II and Princess Charlene. The monumental project, which began in 2013 and has cost €2 billion, is an extraordinary feat of engineering and urban planning, completed six months ahead of schedule.
Since construction barriers were removed near the Louis II Tunnel and the Fairmont Hotel, residents and visitors alike have been captivated by the district’s striking features. Among them is the 16-berth marina and the distinctive Renzo building, named after its world-renowned architect, Renzo Piano. While these elements are already visible, much of the work behind Mareterra’s transformation occurred out of public view, involving over 3,500 workers putting the finishing touches on what is set to become a jewel in Monaco’s urban landscape.
Opening to the public on 5th December
From 5th December, Mareterra will welcome the public, inviting visitors to stroll along its 500-metre coastal promenade or relax amidst its lush green spaces, planted with 1,000 mature trees. The district’s public amenities include 12 shops and restaurants, such as 99 Sushi Bar and Marco, an English-style restaurant, as well as a Grimaldi Forum extension, and 160 parking spaces.
On the private side, Mareterra boasts 110 apartments, 10 ultra-luxurious villas, and four townhouses. These exclusive residences, ranging from 400 square metres to over 2,000 square metres, have been sold discreetly to affluent European families. While precise figures remain confidential, the properties are expected to command some of the highest prices per square metre globally.
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Main photo of Mareterra, Monaco’s new district on reclaimed land, by Cassandra Tanti