As we often point out, Monaco is the second smallest country in the world, measuring a minute two square kilometres. Only the Vatican City, a country within a city, is smaller, with approximately 700 residents fitting with ease into its 0.4 square kilometres.
The same cannot be said for Monaco, however, with its population of 36,000 growing all the time, causing government planners and architects considerable headache as to how to increase living space on this tiny coastal sovereign state.
One current project that is attempting to do just that is the Odeon Tower development, which is due to be completed next year. And when finished, the impressive tower of prime Monaco real estate will dominant the sky line, climbing to a maximum height of 170 metres.
Odeon Tower, being built a stone’s throw for Larvotto Beach and within walking distance of many of the apartments we currently have for sale in Monaco, is the first high rise to be built in the principality since the 1980s. There was a temporary ban on building such skyscrapers due to architectural concerns, but these guidelines have now been reversed.
The project, being overseen by local Monaco architect Alexandre Giraldi and renowned interior designer Albert Pinto, will create an exciting new portfolio of prime Monaco real estate at a crucial time in the development of the Principality.
When completed the Odeon Tower will be the second tallest building on Europe’s Mediterranean coast after the Grand Hotel Bali in Benidorm, Spain, which is 186 metres tall.
It will consist of two wings, with 44 and 49 floors respectively. And when it opens, next summer, it will offer 70 luxury apartments for sale as well as two duplexes and one five-storey penthouse which could well become the most sought after address in Monaco.
All residences have floor-to-ceiling windows and private balconies which offer some of the most breath-taking views over the Mediterranean Sea.
The luxury tower will also boast a state-of-the-art wellness centre, around 4,000 square metres of office space and shops, as well as ten levels of parking underneath the complex, which will have cost approximately €340 million to build.
The project, run by Group Marzocco, has tested all the skills of the talents architectural team as the building’s design and hillside site required considerable civil engineering work. But when it is finished, it promises to be a truly extraordinary building.