Inside The World’s Most Expensive Neighborhood: $550 Million Apartments, F1 Stars And Billionaires
On a June morning during the Formula 1 Grand Prix weekend, thousands of F1 fans and tourists flooded into Monaco, the postcard-sized principality on the French Riviera. Along the two-mile circuit, just after Turn 8, visitors milled about its newest neighborhood, Mareterra, a 15-acre luxury development built directly on the Mediterranean Sea. Even walking along Mareterra’s waterfront …
On a June morning during the Formula 1 Grand Prix weekend, thousands of F1 fans and tourists flooded into Monaco, the postcard-sized principality on the French Riviera. Along the two-mile circuit, just after Turn 8, visitors milled about its newest neighborhood, Mareterra, a 15-acre luxury development built directly on the Mediterranean Sea.
Even walking along Mareterra’s waterfront plazas under the cantilevered Le Renzo—a 17-story residential tower designed by Pritzker Prize-winning Italian architect Renzo Piano to look like a fragmented vessel emerging from a shipyard—there is a clear view of the superyachts moored off the Mediterranean coast and the floor-to-ceiling windows of the high-rise apartments above.
“There’s a billion dollars’ worth of yachts in the bay, minimum,” says Bernard D’Alessandri, the general secretary of the nearby Monaco Yacht Club, looking out over a balcony. “And another billion here in the port.”
The Daily Brief
Get the daily FORBES.NG briefing.
Comments (0)
Sign in to join the conversation.
Related Stories
Businesses Are Investing in AI but Struggling to Measure Its Returns
Turning AI pilots into measurable business value requires clear objectives, reliable baselines and disciplined oversight.
Why Businesses Need More Than AI Tools to Compete
Technology alone does not guarantee business results; strategy, staff capability, trustworthy data and measurable goals shape the value of AI.
AI Agents Could Transform Digital Payments, but Trust Remains Essential
Automated tools may streamline payment journeys, but security, consumer consent and clear accountability will shape adoption.
More from FORBES.NG
CEOs Say Layoffs Are AI’s Fault—But Some Experts Think Companies Are Lying
Topline Businesses implementing artificial intelligence was blamed for more layoffs than any other reason for the second month in a row in April, new data shows but some experts have said they think technology companies, which use the excuse more than any other sector, are using AI as a smokescreen to hide larger internal struggles. …
Hantavirus Cruise Passengers Will Disembark Sunday (Latest Updates)
Topline Passengers on the hantavirus-stricken MV Hondius cruise ship will soon be evacuated in an operation that will be directly observed by the World Health Organization’s director-general, who said Saturday travelers will be taken to their respective countries as various governments differ on how they will receive and monitor their citizens. This story was first published on …
WHO Declares Ebola Outbreak In Africa ‘Extraordinary’ Public Health Emergency
Topline The World Health Organization declared the Ebola outbreak in the Democratic Republic of the Congo and Uganda a public health emergency of international concern late on Saturday night, after public health authorities identified 246 suspected cases and 80 suspected deaths from the disease in the Congo caused by a virus with no approved specific …
Recommended
The Daily Brief