Inauguration of Mareterra: A New Era for Monaco
In urban development, the Principality of Monaco masterfully addresses the challenges posed by its unique geographical constraints and limited land area, necessitating expansion either skyward or into the Mediterranean Sea.
On Wednesday, 4 December 2024, H.S.H. Prince Albert II and Princess Charlene of Monaco inaugurated Mareterra, an exceptional real estate project embodying ultimate luxury, built entirely on reclaimed land. This six-hectare eco-district, located in the prestigious Larvotto area beneath the Portier roundabout, was conceived by world-renowned Italian architect Renzo Piano. Launched in 2013, this monumental project has increased Monaco's total surface area by 3%, now spanning 208 hectares.
As of Thursday, 5 December, Mareterra opened to the public, inviting all to explore this entirely pedestrianised neighbourhood. The district offers spaces dedicated to leisure and relaxation, including a 16-berth marina, a 500-metre coastal promenade, a landscaped hill planted with over 1,000 trees, boutique shops, restaurants, and an extension of the Grimaldi Forum, boosting its exhibition capacity by 50%. An underground car park with 160 spaces completes the facilities.
This district, engineered to withstand potential seismic activity and rising sea levels, also features a private luxury residential area comprising five buildings (including Le Renzo and Les Jardins d’Eau) with 120 spacious, high-end apartments, ten exclusive villas—six of which are located directly on the waterfront—and four townhouses, with floor areas ranging from 400 to 2,000 square metres. These rare properties offer exclusive access to a seawater pool named the "Princess Charlene Pool."
This innovative complex represents a harmonious blend of modernity, luxury, and environmental sustainability. It is directly connected to the state-managed thalassothermal network in Larvotto, leveraging the sea’s energy to heat and cool the district. Solar panels installed on the Grimaldi Forum, residential buildings, water gardens, and the Periscope elevators (linking Place Gabriella to the Port Quay) form the largest photovoltaic energy production facility in Monaco. Notably, 80% of the district’s public lighting is powered by this green electricity, with surplus energy generated by buildings reintegrated into the local grid.
With Mareterra, an entire district has been transformed, furthering the renovation of Larvotto Beach, also designed by Renzo Piano. This project heralds a new lifestyle that enhances Monaco’s appeal and aligns with the Principality’s vision of renewing its real estate offerings to meet international luxury standards.
Barnes | Valeri Agency provides access to the most exclusive opportunities in Mareterra, including off-market properties. Contact us today to find your ideal home in this exceptional neighbourhood.
A se revede!
