{"id":122179,"date":"2023-11-26T05:20:22","date_gmt":"2023-11-26T05:20:22","guid":{"rendered":"https:\/\/lasixlineon.com\/?p=122179"},"modified":"2023-11-26T05:20:22","modified_gmt":"2023-11-26T05:20:22","slug":"beautiful-new-underwater-2-4bn-town-in-europes-most-expensive-place-to-live","status":"publish","type":"post","link":"https:\/\/lasixlineon.com\/world-news\/beautiful-new-underwater-2-4bn-town-in-europes-most-expensive-place-to-live\/","title":{"rendered":"Beautiful new underwater \u00a32.4bn town in Europes most expensive place to live"},"content":{"rendered":"

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A beautiful new \u00a32.4bn town built ‘underwater’ in Europe’s most expensive country to live will be completed early, according to developers.<\/p>\n

The huge Mareterra project will make Monaco six hectares larger, and is set to be finished in eight month ahead of schedule, it was announced on Monday.<\/p>\n

The small principality of two square kilometres – already home to 39,000 inhabitants – has already gained 40 hectares of extension into the sea since the 1950s, but this project launched in 2015 is unparalelled – as it’s actually built on an underwater embankment.<\/p>\n

The future luxury district, located next to the Grimaldi Forum, Monaco’s elegant convention centre, has been constructed 50 metres below sea level.<\/p>\n

It comprises of five buildings – with a total of 130 homes – and ten villas, in a project designed by Italian architect Renzo Piano and the Vallode et Pistre practice.<\/p>\n

READ MORE: <\/strong> ‘Neglected’ UK seaside town now ‘run down hole’ and a shadow of its former glory[LATEST] <\/strong><\/p>\n

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The homes are almost finshed, and almost all of them have been sold. Although prices remain confidential, the price per square metre can go up to a whopping 120,000 euros in Monaco.<\/p>\n

What remains to be completed is the external landscaping, which is intended to be very green, with a pretty seafront promenade, a small harbour and a park open to the public.<\/p>\n

“Mareterra is a real achievement for Monaco,” said Guy-Thomas Levy-Soussan, managing director of Anse du Portier, a group of private investors and Monegasque families.<\/p>\n

“The sea is a new territory to conquer, but it must not be damaged”, he added, hoping that the project would demonstrate “that this is possible”.<\/p>\n

Located between two underwater nature reserves, the development has created new habitats for the artifical reefs.<\/p>\n

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Mareterra is a new district under construction in Monaco, designed as an extension of the existing coastline from the Grimaldi Forum to the Formula One Grand Prix tunnel. It is a transformational project for the Principality.<\/p>\n

A spokespeson for\u00a0SAM L\u2019Anse Du Portier,\u00a0the company overseeing the development, said: “Mareterra is a transformational project for Monaco, and it promises to create a beautiful new community of residential, cultural, and recreational spaces that celebrates the spirit and sensations of the Mediterranean.”<\/p>\n

The name \u2018Mareterra\u2019 is inspired by the two complementary elements of the project: the sea and the land. Developed using pioneering, sustainable building techniques, Mareterra lies at the heart of the Principality\u2019s future growth,\u00a0Le Soir reports.<\/p>\n

And the development even appears to have won over royalty.<\/p>\n

Prince Albert of Monaco said: \u201cI wanted this new area to embody the excellence and conviviality which distinguish the Principality of Monaco so well.<\/p>\n

“Mareterra will integrate perfectly with our shoreline, and in a few years will be seen as a natural extension of our territory.\u201d<\/p>\n