Avenue Princesse Grace

The Avenue Princesse Grace is an avenue in Monaco. It is named after Grace Kelly.

Location

It is located in the Larvotto district of Monaco, on the seafront.

History

Most of the land of the Larvotto district was purchased by Gildo Pastor in the aftermath of World War II.^[1] In 1966, Rainier III, Prince of Monaco allowed him to start building high-rise buildings.^[1] This led to the construction of dense apartment buildings and luxury hotels from the 1960s onwards.^[1] Some were built as recently as the 2000s:

• 1, Avenue Princesse Grace: Le Mirabeau.^[2]
• 3, Avenue Princesse Grace: Émilie Palace.^[3]
• 7, Avenue Princesse Grace: Houston Palace.^[4]
• 10, Avenue Princesse Grace: Grimaldi Forum.^[5]
• 11, Avenue Princesse Grace: Columbia Palace.^[6]
• 17, Avenue Princesse Grace: Villa Sauber, one of two locations of the New National Museum of Monaco.^[7]
• 22, Avenue Princesse Grace: Le Méridien Beach Plaza.^[8][9]
• 24, Avenue Princesse Grace: Le Roccabella.^[10]
• 26, Avenue Princesse Grace: Sporting Monte-Carlo, home to Jimmy'z, a nightclub.^[11]
• 27, Avenue Princesse Grace: Le Formentor.^[12]
• 31, Avenue Princesse Grace: L'Estoril.^[13]
• 39, Avenue Princesse Grace: Le Bahia.^[14]
• 40, Avenue Princesse Grace: Monte-Carlo Bay Hotel & Resort.^[15][16]

There is a public sculpture called Le Pêcheur.^[17]

It is the most expensive street in the world according to Engel & Völkers.^[18][19][20] In other words, property along this street are worth $17,750 per square foot and each square metre £73,000.^[19][20]

References