The luxury complex worth 2 billion euros, opened last week by Prince Albert II of Monaco, includes a marina, a promenade and residential buildings.
As part of a large-scale land reclamation project announced in 2013, concrete chambers, or caissons, were built in the sea, which were then drained and filled with 750,000 tons of sand.
Half of the artificial island will be occupied by public space: a park, bike paths, a marina, shops.
The second half is given over to private residences: 100 apartments and 10 luxury villas.
Several well-known architects, including Norman Foster and Tadao Ando, carried out orders for Mareterra.The famous Italian architect Renzo Piano gave his name to the residential complex built by his company on the site, Le Renzo.
Although housing prices have not been disclosed, Knight Frank estimates that real estate in the area will cost about 100,000 euros per square meter, which is almost twice the average for Monaco.
As you know, land in Monaco is in short supply, and the principality has been building on the seashore for a long time.The lands reclaimed from the sea now account for more than a quarter of the country's territory.The most significant projects of this kind were implemented in the 1960s and 1970s.Land reclamation in Monaco is currently strictly regulated, and the project developers have stated that they have taken various steps to "minimize the impact on the natural ecosystem" as much as possible.Engineers consulted with marine experts and created new habitats for fish, including artificial algae thickets.
Source: CNN
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