Powers Properties’ Post

To increase the available land space, the principality is once again expanding into the Mediterranean. The new district, called Portier Cove, is set to be completed in 2025. This is not the first time that Monaco has reclaimed land from the sea. The principality first began expanding in 1880, and Prince Rainier, known as the “builder prince,” increased the size of Monaco by 20 percent during the 1960s and ’70s. The new $2.3 billion undertaking will create nearly 650,000 square feet of residential and commercial space to accommodate up to 1,000 residents. The district will also boast a landscaped park, a marina with 30 berths, and a central public square. #PowersProperties #monaco #monacorealestate #monacoimmobilier #exclusiveproperties #monacorentals #luxuryrealestate #luxuryapartment #montecarlorealestate #monacolife #monacoapartment #monacoexpansion #southoffrance #frenchriviera #luxurybreaks #luxurytravel

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