The Government of Monaco has officially announced the development of a new state-owned residential building, ‘La Luciole’, as part of the ongoing National Housing Plan for Monegasques. The project, set to rise on the site of Villa Luciole at 5 rue Louis Auréglia, was confirmed during the public budget sessions of the National Council and is scheduled for completion in the third quarter of 2028.

Following a competitive tender published in the Journal de Monaco on 13th September 2024, the contract was awarded to the joint venture S.A.M. Michel Pastor Group (M.P.G.) / S.A.M. Probat. The development will consist of a 10-storey building housing 27 apartments, including one T5 unit and 26 T2 apartments, along with a private underground car park.

The project is part of the Principality’s commitment to expanding its stock of subsidised housing for Monegasque citizens while adhering to high environmental and architectural standards. With construction due to begin shortly, the government has stated that particular care will be taken to minimise disruption to the surrounding area during the works.

To further ensure transparency and community engagement, authorities have mandated regular information meetings with local residents. These meetings are intended to keep neighbours informed and facilitate the project’s smooth integration into the neighbourhood.

See also: 

Call for tenders launched for La Luciole real estate development project

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Photo by Cassandra Tanti, Monaco Life