Get a 7-day free trial and 40% off Blinkist Annual Premium by clicking bit.ly/MegabuildsAug24 or scanning the QR code. What's your opinion about Mareterra? Are the apartments worth the crazy price tag? Thanks a lot for watching and supporting us!💛
I think a lot of the environmental technology is super cool - but if it's not cheap enough to apply on a global scale (and this is definitely way too expensive for that), it won't have any serious impact on climate change.
People who lived on the seashore and had a beautiful view on the sea must have gone crazy when these buildings started to rise between them and the sea...
Happens everywhere in the world. In Prague, if you own an apartment wiith a Castle view, you won the jackpot. If someone builds over that view, the value of your place drops a LOT. There's usually little the owners can do about a development going up within their line of sight. It just happens.
It’s expected to boost Monaco’s real estate market and bring in a lot of wealth. By creating more luxury apartments, offices, and marinas, they’re catering to high-net-worth individuals, which could increase Monaco’s global appeal.
That’s true. The new space could really drive up the value of existing properties too, and with Monaco’s tax-friendly policies, it might become even more of a hotspot for the ultra-rich
Exactly. And from an investment standpoint, there’s potential for real estate appreciation. Some of the investors who get in early on this expansion could see significant returns as property values rise
but isn’t there a downside to all of this? I mean, a project of this scale could have environmental risks, right? Plus, a $2 billion project carries its own financial risks, especially if the demand for these luxury properties doesn’t meet expectations
These projects always look better on paper than they are in real life. It will be interesting to see the longevity of this concept. Many of the new building techniques are simply not durable and will not stand the test of time. What's going on in Florida is a perfect example of how concrete and steel do not get along with sea water and aging. Nicely done video.
These are not the kind of people who underfund their HOAs for decades and then complain about special assessments 30 years later. The condo's in Florida were built low cost (for high rise condos) and then starved for upkeep.
@@dundee1080 It's FloriDUH to anyone who knows the place. Point was salt water and concrete usually have a finite lifespan. As much as they try to isolate salt water intrusion it will always occur when building on what used to be sea water.
Lols. You poor naive fool. These are extremely rich people paying no tax. These apartments are just part of their portfolio, they stay there occasionally if at all for a short holiday every now and again when they're in town. They don't give a sh!t as long as it doesn't go too far below the initial price, which it won't. In fact it will continue to go up in price regardless of sea front views because it's Monaco.
There is a lot of council housing there, also with ocean views. The principality takes good care of natives making sure they don't get priced out of the city. Aside from that I get the impression this is not a place where people actually live.
@@ZoraDelaney Bingo!! Here in the U.S. the Fed government is the biggest check writer - especially to the top Tech companies (AMZ, MSFT, Googs, Space-x, etc.). They wouldn't survive without Uncle Sam's largesse - forget the Banks, ergo the bankers. They wouldn't be able to afford a croissant without the gov's cyclical "do-overs".... and i'm a (former Wall St.) banker, with no greater love for American's stupidity.
If you want another big project ahead of schedule, there: French Paris-Bordeaux High Speed Line, last leg 340 km. *January 2012* start of project. *July 6, 2015* end of civil engineering works, *ahead of schedule.* (500 heavy works including 24 viaducts, 3 million tonnes of ballast, 1.1 million tonnes of concrete sleepers, 13,000 catenary supports) *July 2, 2017* commissioning, *ahead of schedule* (planned: December 2017). Cost 7.8 billion euros In 2024 you can travel Paris-Bordeaux 550 km in 2h3minutes, 49 euros if booked in advance.
Just a slight correction: The Monaco (Monte Carlo) tennis Masters does NOT take place in Monaco. It takes place in France, right next to Monaco's eastern border with its neighbour. The Club Monte Carlo of Monaco are property owners of the tennis complex - which still lies in France's territory - though.
Monaco is only good for one thing: avoiding taxes. It is literally one of the ugliest places at Cote d’ Azure. It is crowded with tourists, extremely loud, very polluted traffic nightmare. You just need to step outside of Monaco (either side) and you will find many 100x more beautiful and charming places.
Agreed, just step outside Monaco for a less crowded experience. Property there is mostly equivalent to novelty and for status. Mareterra is beautiful however.
I wonder how far that could be taken? Because 50m deep is already quite something. At some point it sound like it would be easier to put everything on stilts :D
I agree. I thought I would hate Monaco but the locals were so nice. One elderly man with a small dog was especially kind in making sure we knew where our car was parked.
Overall, awesome. The eco part, tho, might be greenwashing. The cement used for all that concrete is typically a huge CO2 emitter, for example . And this development is so small, in the grand scheme of things, that their eco efforts are immaterial, unless it prompts many other developments to follow suit. Given its extreme pricing, tho, that’s doubtful. So, don’t view it as saving the planet, but rather as an awesome development for the crazy rich.
we stayed at the fairmont for a few days last may and never knew that the renzo and all the construction was placed on concrete blocks until now...impressive
„It will reduce Monaco‘s green house gases by 7%.“ Forgetting, this super interesting project needs a huge amount of ressources to build - for little people to live there.
This is extremely similar to how Boston was made, just on a much smaller scale. Unlike the Netherland's reclaimed land, this type of construction is, more accurately, "made land." As it is physically added on to the seabed instead of simply *being* the seabed.
Yes! In Buenos Aires there was a ‘similar’ expansion thing decades ago, except it was basically done by dumping building debris into the river lol nowadays there’s a luxury district with skyscrapers and a natural reserve in that man made island. Tbh there wasn’t really a need to create more land, since it’s not like the city has a lack of space, but they just needed to build a new harbor, plus somewhere to dump debris.
I was just there last fall and there were some properties that needed upgrading for sure, but I feel badly for those who had seaview properties that now will not.
Never in my life i thought i would hear that a construction project is AHEAD of schedule. Like i thought being ON schedule was near impossible but ahead?
@@whateverreally1347 I am Not stupid I know it's on a hill but I'm talking about the ones that are closest to the water also the buildings are pretty tall that there building in the new development so it could block some views on the lower floors of the buildings
@@Gardwin-BXhe's referring to your lack of knowledge that Monaco is in the Mediterranean sea, no ocean. You are ignorant in geography, proved that twice with your comment and reply.
We know someone who is in real estate in Monaco. He told us that he lives in Cap d 'Ail - right at the Monaco border, but "in France". His exact words were, "A nicer community, nicer business people, much nicer neighbors and a much more welcoming environment". The development featured in this film is a joke. Albert and Caroline "invited" people to buy properties there. "The wealthiest of the wealthiest" in Monaco all live in different districts.Albert, Caroline and the developers intentionally wanted to bring....all of those people...."Into one neighborhood". It is simply the most "gauche" of efforts at the worst form of class distinction you can find. Imagine, current property owners will spend $ 100,000 a square foot for a 4,000 square foot town house. That is $ 40 million for a two bedroom "apartment". What a joke. And you had better believe that this development is paid for and owned by Albert and his family. "They" are "in it" for themselves. Do not ever forget that. :)
It may be a joke, but they are laughing all the way to the bank. My friend's ex mother in-law's property in Malibu just sold for north of $100 million. Other friends' parents' houses are now $30~40+ million. Our old house is north of $6 mil now. There is so much money out there that it's mind-boggling. One client's house was bought ($30+ mil over 20 years ago) so he could use it 2 weekends a year. It's a party and we aren't invited.
I'm curious. How would service industry employees afford to live anywhere EVEN close to Monaco? If it's the traffic nightmare all have spoken of..what would that daily commute look like? Here in the states..I believe Vail Colorado ski resorts employees commute a minimum of 40 miles each way from their "affordable" housing. Similar situations in major California hubs. I'm on board that property owners are getting EFFD out of their "formerly" A)WATERFRONT property and 2) Property values. It can't be "Well they're all rich they can just move somewhere else"..they moved to Monaco and paid for WATERFRONT..not the back of a building. I don't see how anyone commenting here wouldn't be beyond pissed if it happened to them??
A lot of employees come in by train from Italy. Personally, I've never found the traffic to be any worse than many other places. And parking in Monaco is very cheap.
Those waterfront views are the same ones that sold the apartments that this will block and in the near future, they will also be blocked by future expansion.
Good video, can u make a video about Belgrade or Serbia, we have a lot of projects under construction. Belgrade Waterfront, High Speed Railway, EXPO 2027 Belgrade and National Stadium, Belgrade Metro, Hotel Ritz Carlton, Green Line Project, Trump Towers, Kompernikus Towers etc...
That's exactly what I was thinking the whole time. And not to mention it's being done by rich people. So that just confirms the fake nonsense of climate change even further
I've been in Monaco like six weeks ago and it looks really impressive! The only downside of it is that you can't really see the sea anymore from the fairmont hairpin and f1 tunnel.
@@leenverkade In the 1960's the French came close to shutting Monaco down and blockaded it at one point. France would not sell land to them at any price and I doubt Monaco would even bother asking.
I was in Monaco today. I would not say the entire land is filled with luxury buildings. Lots of space where you can tear down old crappy buildings and build new ones
Monaco not a country as mistakenly stated. It's classed as a Sovereign City State (micro state) and Principality, governed under a constitutional monarch. Similar in most ways to the Vatican City. Only a French National or a Monaco citizen by birth can rule. But it is a UN voting member. The monarch has to consult with the French Government before making any senior appointments. Interesting content and great detail, thanks. Thumbs up!
Best thing about paid promotion is the new TH-cam Premium feature to skip it, well most have done that unofficially before that feature is a thing anyhow
great insight & info - it was actually Aristotle Onassis in 1953 who started to build the reputation of Monte Carlo with his money & influence - then in 1967 Rainier III & the municipality screwed him over, Onassis left & never returned = Monaco's rulers, once pirates overthrowing power, always pirates.
Anto Gvozdenovic, a Montenegrin, was a doctor of medicine and a general in the Montenegrin, Russian and French armies. On the eve of the First World War, he spent eight furious nights in the Monte Carlo casino, where he collected all the money of the famous Casino, and forced the owner to raise a black flag at the casino. One each version, Dr. Gvozdenovic received the sum of six and a half million in gold francs. If you keep in mind that the construction of the Eiffel Tower was expensive less than eight million francs, one can guess how big this sum was.
Sirius, kurz vor meinem Geburtstag dachte ich, dass mein einziger Wunsch eine kurze Agario-Episode von ihr wäre, weil ihre Materialien mich und viele andere Menschen glücklich machen und mir ein Gefühl von Nostalgie vermitteln könnten. Love for everything u made for people, and for unforgettable moments
I kept expecting you to address the issues with people that already lived with ocean views that might now be losing those. I would think that must have been a gigantic problem for the Developers
agreed it would be nice to see how all the neighborhoods behind are affected. Although he did mention that Le Renzo is on tilt to not obstruct the waterfront vieww
It's a bizarre world in which the richest country produces almost nothing for the world and has residents who have high incomes based almost entirely on goods and services produced elsewhere. The country may make some money from providing some services to tourists but the bast majority of the income of its residents must be coming from economic activity occurring elsewhere. An example showing that attracting vast numbers of tourists is not enough to make a community rich is Niagara Falls. Niagara Falls is one of the world's most popular tourist destinations and has casinos and hotels and a variety of businesses catering to tourists plus it produces a significant amount of electric power but the residents of Niagara Falls are not particularly rich.
@geofflepper Actually, a very large portion of the income here is derived from the Casino. The F1, the Monaco yacht show, and various other events during the 'season' also bring in a lot of income. Also SBM (Société des bains de mer de Monaco), owns casinos, 4 hotels (one of which is the Hotel de Paris), night clubs, restaurants, bars, beach clubs spas, golf clubs and a property portfolio. It's worth mentioning as well that there ia almost a zero crime rate here, and is spotlessly clean.
Amazing feat if engineering. However, it would have been nice to see more traditional architecture and less green spaces. They could have planted gardens on the roofs of buildings with a few green spaces scattered about. It would have been a more efficient use of space. I look forward to whatever else Monaco decides to build. Maybe they will double from their current size one day.
@@JohnsinA-z7z because it isnt. Luxury is just a way to say they consume more ressources than most people are able to afford in the planet. And it's not a surprise to say there's not enough ressources in the planet to sustain the luxury life if everyone had that lifestyle.
But but there are trees on the artist's impression! That means it's green! Also, the name is "sea" and "earth" in Italian! That means it's ecological or something! If only we would build multimillion apartments everywhere on earth, right?
@@hotman_pt_ China building cheap bridges that fall over is more wasteful. Sustainability in this context is referring to environmental impact at the time of excavation and beyond. Rarely does a project relocate habitat. I’d also argue that most luxury homes are passed down to family which voids the need to build again. The idea that “if everyone lived in luxury….” Firstly; everyone (mostly) does live in luxury. You’re referring to the 1% of the 1%…which to extrapolate onto everyone, especially in a video about a place that has a population of 36k is just ridiculous.
Meanwhile here in New Zealand we spent $NZD33 million per kilometer on a cycle track between Wellington and Petone (Total $NZD320 million, or $USD192 million) approximately 10 kilometers long and 5 meters wide. It has two islands built for penguins and sea life a small reef and no one will live on it. Can't it is about half the expected cost of one of the new houses on Monaco development and we were complaining about the expense????
What do you want to buy?? You do know that people live there 😄 I mean in some areas, I have Monaco on the right side and France on the left side of the road. That was particularly funny during covid, when in Monaco we had to wear masks outside while in France you didn't. Got caught on the wrong side of the street without the mask - EUR 250 fine. No seriously, to expand, we can only grow towards the sea. Some Apartment Towers are already partially in France.
Anything to avoid paying taxes, as ambitious and to prove that things can really be done if we wanted to, it’s absolutely disgusting the lengths the rich will go just to avoid paying taxes !
Call me a cynic, but if the richest country on earth says "eco-friendly" and "sustainable", I don't believe a word after that. It's all just about the money.
Only rich people can afford to build eco-friendly because it increases building costs a lot. We who are poor or average only care about what is cheaper despite of what we are emitting. In fact, these eco friendly shits are pushed by these people who are the only ones that can afford it. Ask an indian or someone from South America to buy an 30.000 electric car which is going to last only 150k km or to start using gas and they will think you're mad.
Question here: at 13:17 it was mentioned that the sea water is used for heating and cooling then returned to the ocean with no adverse effects.... I wonder how they plan on doing that I'm a HVAC engineer and knowing that sea water is hella Corrosive and without chemical treatment before running it through the systems pipings,pumps,coils... ect it will destroy the equipment and rust out any it touchs, so I wonder how they will return the sea water used for the heating and cooling systems without adding chemicals that more than likely should not be Dumped back in the ocean .... just a question
There is probably a point were the heat exchanges between seawater and normal water so that the maintenance is mainly for easier parts. Also the sustainabilty is just a claim out of a salesmen's pitch
Great presentation, watched it until the end. By the way, when you ask: "What do you think? Are the apartments worth the crazy price tags?" My opinion is that just by mentioning the word ""crazy"" you`re leading someone to believe: Yes, it is crazy! and the 2nd is: If I believe that: "money is the root of all evil" absolutely that the answer is already known :)
There’s a lot more to it than that. No fccr for one otherwise no one would love there. There’s no shortage of stagnant places with low taxes. Italy lump sum, Greece lump sum, Portugal NHR, Spain Beckingham, UK NonDom, Paraguay, Uruguay, Philippines territorial tax, Malaysia territorial tax, you get the point. Yes you also have a point.
Mareterra looks lovely but I feel bad for those who lost their sea view. I'm wondering how much the value of their property went down by. As for the cost of the Mareterra apartments, they are insane but, given that they are apparently all sold, the market has spoken.
I wouldn't live there if I was given 10 billion dollars. Let us face the truth about Monaco, it is a new Babylon, a centre for greed, debauchery and excess. There is no hope in excess and greed. "What does it benefit a man if he gains the world yet looses his soul." Mark 8:35.
Get a 7-day free trial and 40% off Blinkist Annual Premium by clicking bit.ly/MegabuildsAug24 or scanning the QR code.
What's your opinion about Mareterra? Are the apartments worth the crazy price tag? Thanks a lot for watching and supporting us!💛
www
They could just buy some land from France for just like $10 million, but they decided to do this instead.....
. VERY, very, VERY, very nice!!!!!!!!!!!!🥳🥳🥳🥳🥳🥳🥳🥳🥳🥳🥳🥳🥳🥳🥳🥳🥳🥳🥳🥳🥳🥳🥳🥳🥳🥳🥳🥳
I think a lot of the environmental technology is super cool - but if it's not cheap enough to apply on a global scale (and this is definitely way too expensive for that), it won't have any serious impact on climate change.
The "richest" country in the world - depends on definition of rich, oc...
People who lived on the seashore and had a beautiful view on the sea must have gone crazy when these buildings started to rise between them and the sea...
Rich A-hole problems...
Those poor souls!
Happens everywhere in the world. In Prague, if you own an apartment wiith a Castle view, you won the jackpot. If someone builds over that view, the value of your place drops a LOT. There's usually little the owners can do about a development going up within their line of sight. It just happens.
Worth it if someone is willing to pay it
Imagine paying Millions for the Seaview. Then someone Builds in Front and you See only concrete. 😂
It’s expected to boost Monaco’s real estate market and bring in a lot of wealth. By creating more luxury apartments, offices, and marinas, they’re catering to high-net-worth individuals, which could increase Monaco’s global appeal.
Monaco’s limited land makes this project almost necessary if they want to keep attracting wealthy residents and businesses.
That’s true. The new space could really drive up the value of existing properties too, and with Monaco’s tax-friendly policies, it might become even more of a hotspot for the ultra-rich
Exactly. And from an investment standpoint, there’s potential for real estate appreciation. Some of the investors who get in early on this expansion could see significant returns as property values rise
The exclusivity of Monaco also adds to that allure-it’s not like there’s an endless amount of land available for development
but isn’t there a downside to all of this? I mean, a project of this scale could have environmental risks, right? Plus, a $2 billion project carries its own financial risks, especially if the demand for these luxury properties doesn’t meet expectations
imagine buying some of the most desirable waterfront property on the planet, and then the country saying "nah, you're gonna be miles inland, actually"
How many years before they decide they need to expand again and build in front of this development?
MILES inland!? No, lol, the entire country is less than one mile wide and 2 miles long. They aren't creating miles of anything, lol.
dont worry, these were all designed so teh TOP FLOORS dont have obstructed views. everything else is irrelevant.
Before you know it there will be no oceanfront left to build onto 😂😂😂😂😂😂😂😂😂😂😂
@@melaninbotswana2474 Why? Is it going to dry up!?
Fascinating. Its gone from 'We are so rich we dont care about the environment' to 'We are soooo rich we care about the environment'.
For the right price, it comes with the benefits of holier-than-thouness at $10mil per unit of holy smugness
Wrong!!! It’s we are so rich we can buy good publicity influencing people to think we care about the environment.
Only high income people care about the environment. Nobody cares about the environment when they can’t eat and do not have reliable electricity.
I highly doubt the efforts to limit damage to the environment are as effective as they claim. Sounds a bit greenwashy to me
All the people living there fly private all over the world and probably own big yachts as well. They don't really care.
These projects always look better on paper than they are in real life. It will be interesting to see the longevity of this concept. Many of the new building techniques are simply not durable and will not stand the test of time. What's going on in Florida is a perfect example of how concrete and steel do not get along with sea water and aging. Nicely done video.
These are not the kind of people who underfund their HOAs for decades and then complain about special assessments 30 years later. The condo's in Florida were built low cost (for high rise condos) and then starved for upkeep.
lol Please, don't compare Florida to Monaco.
@@dundee1080 It's FloriDUH to anyone who knows the place. Point was salt water and concrete usually have a finite lifespan. As much as they try to isolate salt water intrusion it will always occur when building on what used to be sea water.
I think it should be fine. That's how hong kong expand too.
@dundee1080 so true...America base off on credit and loans.
They actually took steps to respect the marine life. That’s the most impressive part of this whole video to me. Bravo.
Ya incredible
What is left of marine life you mean. The Mediterean is an open to all sewage.
😂
But the Mediterranean is massive
@@guyl9456 Whatever swages is thrown there is negigible because of how big is teh mediterranean that sewages is super diluted.
I think the people that own property that formally used to have an Ocean view are pissed off now and their property values have plummeted.
This was my first thought!
People just buy property in Monaco to get the tax residence perks, just like people buy property in London for money laundering
Lols. You poor naive fool. These are extremely rich people paying no tax. These apartments are just part of their portfolio, they stay there occasionally if at all for a short holiday every now and again when they're in town. They don't give a sh!t as long as it doesn't go too far below the initial price, which it won't. In fact it will continue to go up in price regardless of sea front views because it's Monaco.
They are certainly going to be compensated in some way
There is a lot of council housing there, also with ocean views. The principality takes good care of natives making sure they don't get priced out of the city. Aside from that I get the impression this is not a place where people actually live.
somehow I just cannot get my head around the concept of "sustainability" and "ultimate in luxury"
Why not ?
They are not mutually exclusive
Hypocrites
Because it’s not for people like us!
Just buzzwords
@@lizalewis9270They are
It's a private funded project with no government interference it's amazing comes in on time on budget, only for the rich, very rich.
People who get rich tend not to be people who rely on government hand outs
@@devinhallsworth5531 Rich people get government handouts all the time. It is merely called a bailout, a subsidy, etc.
@@devinhallsworth5531 Oh sweet summer child...
@@EmilioGrilli-kr2sh
9 families.!
That's a mere $250million each.
With some serious profit margins.
@@ZoraDelaney Bingo!! Here in the U.S. the Fed government is the biggest check writer - especially to the top Tech companies (AMZ, MSFT, Googs, Space-x, etc.). They wouldn't survive without Uncle Sam's largesse - forget the Banks, ergo the bankers. They wouldn't be able to afford a croissant without the gov's cyclical "do-overs".... and i'm a (former Wall St.) banker, with no greater love for American's stupidity.
Finally a project ahead of schedule 🥳
If you want another big project ahead of schedule, there: French Paris-Bordeaux High Speed Line, last leg 340 km. *January 2012* start of project. *July 6, 2015* end of civil engineering works, *ahead of schedule.* (500 heavy works including 24 viaducts, 3 million tonnes of ballast, 1.1 million tonnes of concrete sleepers, 13,000 catenary supports)
*July 2, 2017* commissioning, *ahead of schedule* (planned: December 2017). Cost 7.8 billion euros
In 2024 you can travel Paris-Bordeaux 550 km in 2h3minutes, 49 euros if booked in advance.
Just a slight correction: The Monaco (Monte Carlo) tennis Masters does NOT take place in Monaco. It takes place in France, right next to Monaco's eastern border with its neighbour. The Club Monte Carlo of Monaco are property owners of the tennis complex - which still lies in France's territory - though.
It’s certainly worth a mention - especially when searching for a good hotel near the tournament.
"worlds best architects", they look like any generic new apartment building.
Are you 13?
That’s classy style , they don’t need Chinese modern weird stuff there
@@BIGDPIMP is looks like Chinese crap
I totally agree, 'generic' was the word that sprang to my mind too. They go to all that trouble just to plonk white boxes on there.
@@BIGDPIMP i agree they don't need weird modern crap or generic modern crap too. should of make it classic European look.
Monaco is only good for one thing: avoiding taxes. It is literally one of the ugliest places at Cote d’ Azure. It is crowded with tourists, extremely loud, very polluted traffic nightmare. You just need to step outside of Monaco (either side) and you will find many 100x more beautiful and charming places.
Agreed, just step outside Monaco for a less crowded experience. Property there is mostly equivalent to novelty and for status. Mareterra is beautiful however.
yeah, for a millionaire that has to pay millions in taxes, is more convenient to buy an appartment for millions and then dont have to pay taxes
Grapes are sour
Well, France is terrible for taxes. So, sounds like Monaco’s in the right place.
San Remo is as beautiful as Monaco in my opinion. Menton also, but is a lot smaller.
As a fish I approve of this project
😁😁😁😁
Thank you fish
I'm confident that human beings and fish can coexist peacefully. -George W. Bush.
As a person I approve of this project
Crab still crabbing about his stomping grounds moved to deeper water.
Ah,Monaco pulled the singapore land expansion card
I wonder how far that could be taken? Because 50m deep is already quite something. At some point it sound like it would be easier to put everything on stilts :D
@@TonysRacing600 Yeah, it would be cheaper and more ecological.
@@TonysRacing600 they need a garage to park the Ferrari, Lambo, Rolls, etc
The depth on the Riviera increases very quickly. It is not a continental shelf. Marine extensions will therefore be very limited.
The Netherlands was expanding that way long before Singapore (or Hong Kong).
I worked there for years,in the 90,s. It was busy and constant building then. Went back 3 years ago, its bloody horrible now
why do you think its horrible now?
Poor baby.....perhaps, if you could afford to live there ....!
I was hoping this was an expansion of the roads so they can make Monaco Grand Prix more exciting.
I have visited Monaco last year, it is pure luxury and people are very kind. Especially in shops. Such a beauty packed in a tiny space ☺
I agree. I thought I would hate Monaco but the locals were so nice. One elderly man with a small dog was especially kind in making sure we knew where our car was parked.
Overall, awesome. The eco part, tho, might be greenwashing. The cement used for all that concrete is typically a huge CO2 emitter, for example . And this development is so small, in the grand scheme of things, that their eco efforts are immaterial, unless it prompts many other developments to follow suit. Given its extreme pricing, tho, that’s doubtful. So, don’t view it as saving the planet, but rather as an awesome development for the crazy rich.
we stayed at the fairmont for a few days last may and never knew that the renzo and all the construction was placed on concrete blocks until now...impressive
„It will reduce Monaco‘s green house gases by 7%.“ Forgetting, this super interesting project needs a huge amount of ressources to build - for little people to live there.
This is extremely similar to how Boston was made, just on a much smaller scale. Unlike the Netherland's reclaimed land, this type of construction is, more accurately, "made land." As it is physically added on to the seabed instead of simply *being* the seabed.
Yes! In Buenos Aires there was a ‘similar’ expansion thing decades ago, except it was basically done by dumping building debris into the river lol nowadays there’s a luxury district with skyscrapers and a natural reserve in that man made island. Tbh there wasn’t really a need to create more land, since it’s not like the city has a lack of space, but they just needed to build a new harbor, plus somewhere to dump debris.
Wow, did not know that about Boston!
in the netherlands we have "made land" like this too, look up the Maasvlakte which is part of the harbour of Rotterdam
I wonder what the residents of the "old" coastline think about their ocean views being blocked now...
Very interesting documentary. Even before a home was built , constructing the foundations was an engineering marvel.
"An eco-village for the wealthy" just sounds nauseating; however, the construction techniques are very cool.
Hey, it’s better than a polluting village for the rich! 🤣👍
Hate the wealthy much?
I was just there last fall and there were some properties that needed upgrading for sure, but I feel badly for those who had seaview properties that now will not.
Never in my life i thought i would hear that a construction project is AHEAD of schedule. Like i thought being ON schedule was near impossible but ahead?
I'm just imagining the people who paid extra for Ocean View and now they lost it
Man some of y’all need a damn map lol
@@whateverreally1347 I am Not stupid I know it's on a hill but I'm talking about the ones that are closest to the water also the buildings are pretty tall that there building in the new development so it could block some views on the lower floors of the buildings
Monaco doesn't have an ocean, it's the Mediterranean sea. Americans don't know the basics og geography
@@Gardwin-BXhe's referring to your lack of knowledge that Monaco is in the Mediterranean sea, no ocean. You are ignorant in geography, proved that twice with your comment and reply.
@@freespiritable The Mediterranean Sea is the same body of water as the Atlantic Ocean. Sea and ocean mean pretty much the same thing in English.
Glad we are building affordable housing
For people in that income bracket, this is "affordable" housing.
Great content as always!
We know someone who is in real estate in Monaco. He told us that he lives in Cap d 'Ail - right at the Monaco border,
but "in France". His exact words were, "A nicer community, nicer business people, much nicer neighbors and a much more welcoming environment".
The development featured in this film is a joke. Albert and Caroline "invited" people to buy properties there.
"The wealthiest of the wealthiest" in Monaco all live in different districts.Albert, Caroline and the developers intentionally wanted to bring....all of those people...."Into one neighborhood".
It is simply the most "gauche" of efforts at the worst form of class distinction you can find. Imagine, current property owners will spend $ 100,000 a square foot for a 4,000 square foot town house. That is $ 40 million for a two bedroom "apartment". What a joke. And you had better believe that this development is paid for and owned by Albert and his family. "They" are "in it" for themselves. Do not ever forget that. :)
It may be a joke, but they are laughing all the way to the bank. My friend's ex mother in-law's property in Malibu just sold for north of $100 million. Other friends' parents' houses are now $30~40+ million. Our old house is north of $6 mil now.
There is so much money out there that it's mind-boggling.
One client's house was bought ($30+ mil over 20 years ago) so he could use it 2 weekends a year.
It's a party and we aren't invited.
why wouldn't they be in it for themselves? you think this Albert guy is running a charity?
@@gregmccauley1687 Yep. Not many places on Earth where there is no property tax or especially Income Tax.
Love your videos. a nice voice and perfect visuals. Keep up the good work ❤ This is good education.
I'm curious. How would service industry employees afford to live anywhere EVEN close to Monaco? If it's the traffic nightmare all have spoken of..what would that daily commute look like? Here in the states..I believe Vail Colorado ski resorts employees commute a minimum of 40 miles each way from their "affordable" housing. Similar situations in major California hubs. I'm on board that property owners are getting EFFD out of their "formerly" A)WATERFRONT property and
2) Property values. It can't be "Well they're all rich they can just move somewhere else"..they moved to Monaco and paid for WATERFRONT..not the back of a building. I don't see how anyone commenting here wouldn't be beyond pissed if it happened to them??
They live in France.
A lot of employees come in by train from Italy. Personally, I've never found the traffic to be any worse than many other places. And parking in Monaco is very cheap.
@@monacophotographyevents2384Definitely not very cheap but not unbearable too
I’m glad they’re opening it up to the public, with green spaces, parks, and shops and cafes.
It's not going to be open to the public. It's a private community, much like a 'gated' community.
@@BigBisalreadytaken No it’s not. I’m sure there will be many private areas, but the city has said there’s a PUBLIC green space area, and some retail.
$2 billion?! Is that All?!! One state in Australia is proposing to buildva $7 billion sports stadium
you can build any stadium for 50 million, thats just money laundry.
Beautiful video brother. Let’s go Monaco
Those waterfront views are the same ones that sold the apartments that this will block and in the near future, they will also be blocked by future expansion.
So, Monaco is a principality, right? And it's developing a place called Sealand. Principality of Sealand, where have I heard that before.
Blinkest is the best! Thanks mega
The Eco claims fall a little flat, given that the ultra wealthy residents enjoy private jets and yachts. So much for carbon footprint.
The future of Monaco's expand will be interesting.
What a great video, keep it up with great work :)
Good video, can u make a video about Belgrade or Serbia, we have a lot of projects under construction. Belgrade Waterfront, High Speed Railway, EXPO 2027 Belgrade and National Stadium, Belgrade Metro, Hotel Ritz Carlton, Green Line Project, Trump Towers, Kompernikus Towers etc...
What?
ahahahaha
Axaxaxa I Stefano Ricci 😂
@@brosisparty4194 What? Kopernikus towers is complex of 7 buildings over 150m and one building over 270m.
@@brosisparty4194 Belgrade Waterfront is largest project in Europe, more then $14BN in total.
It's amazing that people telling you that global warming will cause water levels to rise keep investing billions into ocean front properties.
FACT: This project made the sea levels rise. Put some ice cubes (rocks) in a full cup of water and see what happens.
Not nessarily…most of reclaimed land’s dirt and rocks are pulled from the ocean, so in theory it kind of is a net zero gain/loss.
Also by your logic all of those milions of ships raise the water?
37M for the best possible luxury? Hell yea that's a good price
@@blueboy3990 But not with the same Tax savings
@@blueboy3990 if you have resident permit you wont be taxed
300 million to be exact
I'd rather buy one of these than something on billionaire's row. But, then again, if i were that rich I could probably have both.
WOW !! So cool that Humanity has solved the problem of climate change so that sea level rise isn't a thing anymore. /s
That's exactly what I was thinking the whole time. And not to mention it's being done by rich people. So that just confirms the fake nonsense of climate change even further
Does that mean serious?
It never was to begin with. Here have another glass of Kool aid.
Why don't those climate refugees just buy an apartment in Monaco? Climate crisis solved!
I've been in Monaco like six weeks ago and it looks really impressive! The only downside of it is that you can't really see the sea anymore from the fairmont hairpin and f1 tunnel.
Might be easier and cheaper to buy back some of the land from France. But I guess they know better what to do.
That was my thought, too. Take some of that vast wealth of theirs, and buy back some of their former territory, from the French.
not gonna fly. I think France would rather get rid of Monaco (and so would I tbh), so theyre not gonna help them expand.
France literally invaded and blockaded them because they wanted to give France their private data on their citizens.
Edit: and residents
@@leenverkade In the 1960's the French came close to shutting Monaco down and blockaded it at one point.
France would not sell land to them at any price and I doubt Monaco would even bother asking.
@@kenpage2941 I did not know that. Tnx for sharing. Sounds like good old Charles de Gaulle in action.
Nice video 👍🏼 well put together
I was in Monaco today. I would not say the entire land is filled with luxury buildings. Lots of space where you can tear down old crappy buildings and build new ones
Could you explain what do you mean by "old crappy" buildings, please ?
@@mihailc6402
He doesn't know what he's talking about!
amazing content ❤
If I were a billionaire, I’d move in for sure. No taxes!
Monaco not a country as mistakenly stated. It's classed as a Sovereign City State (micro state) and Principality, governed under a constitutional monarch. Similar in most ways to the Vatican City. Only a French National or a Monaco citizen by birth can rule. But it is a UN voting member. The monarch has to consult with the French Government before making any senior appointments. Interesting content and great detail, thanks. Thumbs up!
it is a country actually but different than the regular ones
Best thing about paid promotion is the new TH-cam Premium feature to skip it, well most have done that unofficially before that feature is a thing anyhow
How do you do it “unofficially?”
I have YT Premium, I don't have to skip any ads, they come pre-skipped.
@@charleskavoukjian3441 Sponsorblock for TH-cam addin on browsers
@@charleskavoukjian3441 Google TH-cam revanced 😉
theres been a completely free chrome extension for 3+ years dude
Renzo Piano also designed City Center in San Ramon, California. Very beautiful.
11:22 gotta love those super cool pens with the tribal print I had in highschool
Frixion pens? Of which the ink can be erased?
i like this idea a lot, i'm excited to see it come to life
Love these videos 🙌🏻
thank you :)
great insight & info - it was actually Aristotle Onassis in 1953 who started to build the reputation of Monte Carlo with his money & influence - then in 1967 Rainier III & the municipality screwed him over, Onassis left & never returned = Monaco's rulers, once pirates overthrowing power, always pirates.
Stop the gaslighting about how they did it environment friendly lol
Anto Gvozdenovic, a Montenegrin, was a doctor of medicine and a general in the Montenegrin, Russian and French armies. On the eve of the First World War, he spent eight furious nights in the Monte Carlo casino, where he collected all the money of the famous Casino, and forced the owner to raise a black flag at the casino. One each version, Dr. Gvozdenovic received the sum of six and a half million in gold francs. If you keep in mind that the construction of the Eiffel Tower was expensive less than eight million francs, one can guess how big this sum was.
I just don't really see how it benefits Monaco as a whole and the designs don't look like they'll hold up well over time.
Sirius, kurz vor meinem Geburtstag dachte ich, dass mein einziger Wunsch eine kurze Agario-Episode von ihr wäre, weil ihre Materialien mich und viele andere Menschen glücklich machen und mir ein Gefühl von Nostalgie vermitteln könnten. Love for everything u made for people, and for unforgettable moments
😢it's a shame only people who have millions of dollars 💸 💵 will be able to enjoy and live in this place and country of the world 😢
Go live in Nice, 60 km from this and cheaper 😂
@@freespiritable20km*
Complicated expantion, 👍👍the price of living there is wealth it , because it a complicated project 👍👍👍
I kept expecting you to address the issues with people that already lived with ocean views that might now be losing those. I would think that must have been a gigantic problem for the Developers
agreed it would be nice to see how all the neighborhoods behind are affected. Although he did mention that Le Renzo is on tilt to not obstruct the waterfront vieww
Monaco is not democratic.
Great overview ! So much for Modernism and Architecture for the Common Man…
Who remembers when it was top luxury😂😂lol great content as usual
hahah would should rename for this video
@@MegaBuildsYT 😂😂😂
12:50 Same system is in the soviet pansyonat (boarding house) "Druzhba" ("Дружба" - "Friendship") in Crimea. Built in 1985.
It's a bizarre world in which the richest country produces almost nothing for the world and has residents who have high incomes based almost entirely on goods and services produced elsewhere.
The country may make some money from providing some services to tourists but the bast majority of the income of its residents must be coming from economic activity occurring elsewhere.
An example showing that attracting vast numbers of tourists is not enough to make a community rich is Niagara Falls.
Niagara Falls is one of the world's most popular tourist destinations and has casinos and hotels and a variety of businesses catering to tourists plus it produces a significant amount of electric power but the residents of Niagara Falls are not particularly rich.
@geofflepper Actually, a very large portion of the income here is derived from the Casino. The F1, the Monaco yacht show, and various other events during the 'season' also bring in a lot of income.
Also SBM (Société des bains de mer de Monaco), owns casinos, 4 hotels (one of which is the Hotel de Paris), night clubs, restaurants, bars, beach clubs spas, golf clubs and a property portfolio.
It's worth mentioning as well that there ia almost a zero crime rate here, and is spotlessly clean.
Amazing feat if engineering. However, it would have been nice to see more traditional architecture and less green spaces. They could have planted gardens on the roofs of buildings with a few green spaces scattered about. It would have been a more efficient use of space. I look forward to whatever else Monaco decides to build. Maybe they will double from their current size one day.
Please stop calling it “sustainable” to build luxury condos.
Lmao you sound poor and bitter
Why wouldn’t that be sustainable?!
@@JohnsinA-z7z because it isnt. Luxury is just a way to say they consume more ressources than most people are able to afford in the planet. And it's not a surprise to say there's not enough ressources in the planet to sustain the luxury life if everyone had that lifestyle.
But but there are trees on the artist's impression! That means it's green! Also, the name is "sea" and "earth" in Italian! That means it's ecological or something! If only we would build multimillion apartments everywhere on earth, right?
@@hotman_pt_ China building cheap bridges that fall over is more wasteful. Sustainability in this context is referring to environmental impact at the time of excavation and beyond. Rarely does a project relocate habitat. I’d also argue that most luxury homes are passed down to family which voids the need to build again. The idea that “if everyone lived in luxury….” Firstly; everyone (mostly) does live in luxury. You’re referring to the 1% of the 1%…which to extrapolate onto everyone, especially in a video about a place that has a population of 36k is just ridiculous.
Highly impressive🎉
Meanwhile here in New Zealand we spent $NZD33 million per kilometer on a cycle track between Wellington and Petone (Total $NZD320 million, or $USD192 million) approximately 10 kilometers long and 5 meters wide. It has two islands built for penguins and sea life a small reef and no one will live on it. Can't it is about half the expected cost of one of the new houses on Monaco development and we were complaining about the expense????
People with ocean front property will love people building in front of them.
Wouldn't buying back land from France be much cheaper?...
What do you want to buy?? You do know that people live there 😄 I mean in some areas, I have Monaco on the right side and France on the left side of the road. That was particularly funny during covid, when in Monaco we had to wear masks outside while in France you didn't. Got caught on the wrong side of the street without the mask - EUR 250 fine. No seriously, to expand, we can only grow towards the sea. Some Apartment Towers are already partially in France.
The Monegasque Prince should call Macron in Paris... money talks, you know.
@@starguy2718 beyond idiotic. A government cannot just sell private land to another government. What are you, 5?
It also protects the existing buildings (that are very near the edge) from coastal erosion.
Anything to avoid paying taxes, as ambitious and to prove that things can really be done if we wanted to, it’s absolutely disgusting the lengths the rich will go just to avoid paying taxes !
Love the underground parking. 🙂
Call me a cynic, but if the richest country on earth says "eco-friendly" and "sustainable", I don't believe a word after that. It's all just about the money.
Only rich people can afford to build eco-friendly because it increases building costs a lot. We who are poor or average only care about what is cheaper despite of what we are emitting. In fact, these eco friendly shits are pushed by these people who are the only ones that can afford it. Ask an indian or someone from South America to buy an 30.000 electric car which is going to last only 150k km or to start using gas and they will think you're mad.
Small point, a lot of Americans have referred to this as 'ocean views'. It's in fact a 'sea view'.
The Med is a sea, not an ocean.
Billionaires don't care. These are second, third or fourth homes.
Question here: at 13:17 it was mentioned that the sea water is used for heating and cooling then returned to the ocean with no adverse effects.... I wonder how they plan on doing that I'm a HVAC engineer and knowing that sea water is hella Corrosive and without chemical treatment before running it through the systems pipings,pumps,coils... ect it will destroy the equipment and rust out any it touchs, so I wonder how they will return the sea water used for the heating and cooling systems without adding chemicals that more than likely should not be Dumped back in the ocean
.... just a question
Ships use sea water and every thing does not rust out. Brass and stainless steel don't rust.
There is probably a point were the heat exchanges between seawater and normal water so that the maintenance is mainly for easier parts. Also the sustainabilty is just a claim out of a salesmen's pitch
With so many people living in poverty, this development is noting short of revolting.
So you are blaming their poverty on this development? Your blame is terribly misplaced.
Great presentation, watched it until the end. By the way, when you ask: "What do you think? Are the apartments worth the crazy price tags?" My opinion is that just by mentioning the word ""crazy"" you`re leading someone to believe: Yes, it is crazy! and the 2nd is: If I believe that: "money is the root of all evil" absolutely that the answer is already known :)
...removes tax, becomes super rich - what a concept^^
Yeah...US democrats should consider this...
There’s a lot more to it than that. No fccr for one otherwise no one would love there. There’s no shortage of stagnant places with low taxes. Italy lump sum, Greece lump sum, Portugal NHR, Spain Beckingham, UK NonDom, Paraguay, Uruguay, Philippines territorial tax, Malaysia territorial tax, you get the point.
Yes you also have a point.
And heres me hoping they would be making the roads wider for a certain weekend in the year 👀
So sea levels aren't rising after all, how interesting.
Did you notice how high the perimeter wall is.
On average not more than they always have.....
SF did this in the late 1800's. Battery Park City in Manhattan in 1990's.
And the Trade Center towers used the same water cooled climate system from the 60s.
A mega-project that actually cares about the environment?! I shocked!
it doesnt obv
Its still highly damaging
@@AL-lh2ht probably, but at least they are taking it into consideration. Gotta take what you can.
gonna be crazy expensive, but super cool at the same time
why they not just buy some land from France
Expensive and there’s people and buildings maybe mountains is suorinding Monaco maybe
Countries don't sell their territories in the 21st century!
Why would France sell their territory? Would your country sell part of their territory if your neighbouring country felt like they wanted some?
@@kellymorgan-ramseyer7387 if they pay a lot maybe
Maybe that would make sense if it was empty land but all the neighbouring area is extremely dense..
Mareterra looks lovely but I feel bad for those who lost their sea view. I'm wondering how much the value of their property went down by. As for the cost of the Mareterra apartments, they are insane but, given that they are apparently all sold, the market has spoken.
Successful people don't become that way overnight. What most people see as wealth, a great career, purpose is the result of hard work.💸💲💲
You're correct!! I make a lot of money without relying on the government,
Investing in stocks and digital currencies is beneficial at this moment.
Job will pay your bills, business make you rich but investment build and keep wealth long term, the future is coming.
Wow! Kind of in shock you mentioned expert, Jeffrey Kathryn What a coincidence!!
Thank you Lord Jesus for bringing expert Kathryn into my life and my family, $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!
I'm 37 and have been looking for ways to be successful, please how??
You put the sound of modern F1 cars on the B/W footage... Even the cars from the 90s sound very different than they do today.
gut video)
I wouldn't live there if I was given 10 billion dollars. Let us face the truth about Monaco, it is a new Babylon, a centre for greed, debauchery and excess. There is no hope in excess and greed. "What does it benefit a man if he gains the world yet looses his soul." Mark 8:35.
With 10 Million you'll have a hard time living there
As a pisces I approve of this project
You are using the word OCEAN ! Monaco is not even close to any ocean !!!
It is on Mediterranean Sea!
In case you did not know .