Monaco's newest marvel, Mareterra, is set to become the most expensive real estate haven on Earth.
, who has juggled teaching at Harvard with creating outdoor environments for the likes of Rem Koolhaas, Jean Nouvel, and Herzog and de Meuron. For Mareterra, Desvigne emphasized local pines rather than the palm trees once imported en masse as evocative exotica. There’s also ample public space, including a half-mile-long promenade at the water’s edge, plus an extension of theexhibition building and a mixed-use marina with 16 slips for residents and visitors.
The project was named L’Anse du Portier, or Portier Cove, but the new district will officially be known as Mareterra on maps. It was Prince Albert II who picked the name from a short list. “It was my favorite, too,” says Levy-Soussan, “because when the architects talked about the project, they talked about the sea and the ground together here.
That buyer, like every other, would have been personally approved by Levy-Soussan and his team. “It was so important to us to whom we sold,” he explains later, over drinks at the Mexican restaurant he co-owns in the Larvotto complex next door—another Piano design, intended to rejuvenate the rather shabby beachfront there when it was inaugurated two summers ago. “We refused to talk to any middlemen.
Nothing is more sought-after, of course, than whatever has been deemed to be off-limits—especially to those unaccustomed to encountering such roadblocks. Put simply, Mareterra isn’t a development where disreputable oligarchs and oil magnates can keep cash away from prying governments’ eyes. The developers have cherry-picked residents to ensure a diverse assortment of nationalities, among other criteria. Levy-Soussan, in conversation, mentions several Britons and Americans.
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