The Esplanade des Pêcheurs
The takeover of the L'Esplanade des Pêcheurs real estate project
Located on Quai Rainier I, Grand Admiral de France and part of Quai Antoine Ier, the Esplanade des Pêcheurs is a new real estate project that had been imagined and put on hold in 2020. The resumption of the project is now in all discussions. The building complex was designed by renowned architect Rudy Ricciotti.
We already know what this new program will have:
- A state-owned apartment building, on the site of the former yacht club, will be dedicated to the Monegasque.
- 23 dwellings as well as shops with a total area of about 3,100 m², including loggias.
- Another building, this time, private and will be about 18.100m² on the esplanade. The second floor will be reserved and donated to the Monegasque State. The surface will be about 1,870m².
- A car park with 182 spaces and public gardens.
The buildings will replace the Princely family's Museum of Underwater Archaeology. This space will be called "Centre de l'Homme et de la Mer" and will be dedicated to marine archaeology.
While waiting for the project to be completed, our Monaco real estate agency can offer you other properties that have already been built. Do not hesitate to contact us for all the information.
Monaco Becomes a Civil Party in the "Esplanade des Pêcheurs" Affair
In March 2024, the project takes a new turn. The Government of Monaco announced its decision to become a civil party in criminal proceedings in the case of the abandonment of the "Esplanade des Pêcheurs" real estate project. Following a final conviction in 2020 by the Supreme Court of Monaco, which ordered the State to pay 136 million euros to S.A.M Caroli Immo, owned by entrepreneur Antonio Caroli, for the abandonment of this project at the Monaco harbor, doubts about the impartiality of this decision led to the opening of a new criminal procedure. This complex case, which began in 2014 and saw the project collapse between 2018 and 2019 due to logistical concerns related to the Monaco Grand Prix, now involves a complaint for influence peddling filed by Monaco's main real estate developer, Patrice Pastor. Prince Albert II has personally become a civil party. Despite attempts at amicable agreements and negotiations around alternative projects, the situation remains tense, with profound implications for Monegasque justice and the Principality's real estate landscape.
