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Monaco's Mediterranean Expansion Explained
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- Опубликовано: 3 апр 2018
- The small European nation of Monaco is facing a housing crisis. As a result, a $2BN, 15-acre expansion into the Mediterranean Sea is now underway. For more by The B1M subscribe now - ow.ly/GxW7y
Read the full story on this video, including images and useful links, here: www.theb1m.com/video/monacos-m...
Images courtesy of CREVISIO, Andreas Einaudi, Hampus Cullin, Valode + Pistre Architects, Google, Dan Cortese, Jan De Nul Group and Bouygues Construction.
This video was originally published on 04 April 2018 with an incorrect image credit at 0:01. The correct credit for this image is CREVISIO. This was amended on 04 September 2018. Learn more about CREVISIO here: crevisio.com
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"Starting at $100,000..."
"Well that's not bad."
"...per square metre."
:/
the richer the country the more of a filter on the world it is
The room the maids stay in is worth more than most of our homes.
yellekc lol correct
insane
@@yellekc they would usually live in France by the border where it’s cheaper
Monaco running out of Monaco so they make more Monaco...
.
Can never have enough Monaco.
Yeah !!! Soonly larger than the USA !!!! Principality of Monaco : take that Trump !!!
Julian Fischer hahahahhahahah
But it's Monaco...
This feels like the ultimate first world problem.
Hahaha!
Only ones which should exist in this day and age tbh
Gibraltar faces similar problems btw
This is more than just the first world I think a new term is in order, I guess you could say 1 percent problem. I live in the first world and that is not one of my problems nor the next 99% of peoples.
@@ryccoh With the cost of property in Monaco. I would say it's the top 0.1% problem... meaning 99.9% are not bothered by it.... as they cant afford property in Monaco
Haha, shame for those who thought they had a brilliant sea-front villa... who are now 100s of meters in land.
maybe if producing more ground form the sea for Monaco is the solution they gonna use in the future, they make agreements the buildings must have a limieted height.
It looks like there are only high-rises there.
No sea-front villas there, only high-rises.
:)))
That is fine. They could just bought another one near the new seaside. They are rich.
The area is tiny. A few short buildings that will run out of space again soon
Yup.
Residents don't want lots of new housing. They want to keep housing prices high.
Residents don't want or care about house prices, they just want nice views and a good status symbol.
dubai and hong kong have no culture at all .. monaco shouldnt be like them at all, that will ruin the place.
Warsaw Lloyd I am 100% certain most people would say Hong Kong have more culture and is more interesting than Monaco. You are comparing an international metropolis with a luxury resort
15 acres? They should have gone ahead and went much further out. Create a mini Venice with harbor, lagoons, and canals. They are always going to have problems with lack of land so they should capitalize while the money is good.
they dont want profits, they want insain profits, the only way to do that, is to build less then what the demand needs, so the prices will sky rocket. and stay there.
Building the same house in monaco or the USA, it costs just as much. but instaid of 100% profit, they have a 1000% profit. wich would u pick?
That would cause deflation of the land prices.
Poor European multimillionaires, I hope they find a good home soon!
Actually, if the existing apartment buildings were not UGLY MODERN GARBAGE, and were, instead, Beaux Arts masterpieces resembling the grand architecture which first put Monaco on the map, then apartments would be more marketable to self-important personages, and Monaco could simply go UP (and down, since there's plenty of space for excavation).
It will be arab and chinese billionaires who buy these. Thats where the new money is at
They can go to Elysium, where all the elite go :-)
Buy new house, okk!
@@megaswenson So true. Modernist buildings are so ugly, it's like they are racing towards a contest for ugliest building !!
Hi Fred! Could you please make a follow up video for this project, or maybe even some other ones you made in the past on how the process and construction is going? It would be quite interesting. Maybe even a short 🤷♂️
Anyway love your videos, keep up the good work man! 👏
Looking at Google maps, it could be a very short short indeed.
Aerial photo is date stamped 2022, and none of this is there..
The project is now called Mareterra. The website shows some photos of current achievements, they seem pretty much on track. mareterra.com/en Also, this Wikipedia page exists for the area to come: en.wikipedia.org/wiki/Le_Portier.
@@sigi9669 False. I was there recently and there is huge construction ongoing.
Yo check this out: ruclips.net/video/PpL44GUOwrk/видео.html
Great video! I love hearing about little micro states like Monaco, they’re really interesting. Love these videos- great job the B1M! 😁
Gibraltar shares similar problem, we are on the Mediterranean coast, we border Spain, 40% of land in Gibraltar is reclaimed land and more people wants to move. Like Monaco, It’s expensive to live in Gibraltar but not as expensive a Monaco.
In the mid 1800's, Monaco lost 95% of its territory when the neighboring towns of Menton & Roquebrune declared their independence, partly to escape Monaco's taxes and bad economy. Within a short time the Casino was founded, taxes were abolished, and the economy really took off. I wonder if they have any regrets?!
I live in Menton. 0 regrets. Our economy is very good on the Cote d'Azur. Monaco isn't on the E.U. whereas Menton is in.
NB : I'm a student in Monaco who live in Menton.
@@nicopacabana6611 duvido
No, we don't 😉
During early 60s charles de gaulle threat to invade monaco.cuz large number french millionaire and middle class fleeing to monaco to escape france high tax.
I am from Roquebrune Cap Martin and no one regrets it ahha I work in Monaco and although I live in french territory I get treated as a Monegasque when it comes to taxation so we get to benefit from both worlds.
I go to school in Monaco and I've been watching the project progress. As of right now, the entire area has been filled and they are starting building soon :)
Ask France for some small chunk of land, they can probably make a good deal
Probably cheaper to buy some land from France. Aren’t they broke now?
Mónaco is a small chunk of france....
monaco is french
Sorry, we don't want any used land occupied by poor peasants. We need new untouched land, so we'll build it. Keep your poor french land to yourselves.
@@nomansland120 anyway you don't know the geography, everything is surrounded by mountains so it's not possible to expand there
2700 more people by 2026.
Homes for
1000 more people by 2025.
Oops...
Dont forget to consider all the oligarchs that will likely be assassinated by then, freeing up quite a bit of space
Massimo O'Kissed i
Residents in Monaco don’t live there, only their bank account/company is there. Probably they have a sea view elsewhere.
Don't worry, they'll still have one year to acomodate the other 1700 people
France is closeby, just think of it as the suburbs
From the thumbnail I thought this was a Cities Skylines build
Same
From your profile picture I was thinking that you were a _kathoey_ 😏 lol😅
Monaco should buy Greenland, i heard it's for sale!
and name it what Green Carlo!? xD
They can always tunnel and carve right into the cliffsides above the city. Why isn't that considered as an option to add more housing units?
Good question!
The cliffsides above the city, are not actually part of Monaco. But your concept is not without merit. With the new digging/cutting technologies, they COULD go DOWN.
Bunny Biedenharn Well that explains why. So Monaco is even tinier than I have imagined.
Yes, if you compare photos with GoogleMap, you'll see that what appear to be buildings at Monaco's highest hillside elevations, are actually buildings on streets beyond the nation's border.
There are already tunnels running though the hills. Thats where the train station is. I know because I went there
Monaco medetarian expansion pack dlc
man your videos are better than what we used to watch on TV in earlier days and hats off to your video clip selection.
I agree, a definitive construction channel. I love architecture, construction and design. It is a passion.
Instead of these small piece meal expansions, Monaco needs a more long term plan.
Why? These projects are plenty big as it is.
JJ Official Worldwide Difference is Monaco doesn't need an extraordinarily large population
JJ Official Worldwide The video explained why Monaco has averted from this approach. Monaco is a wealthy micronation with little need for efficient and compact housing compared to larger, pricier buildings. It should also be noted that the importance of greenspaces in cities are in order to reduce the Urban Heat Island effect, the primary cause of Urban health problems, which is intensified by the utilization of high-rise structures, and so Monaco would be creating the health risk it intends to counter by trying to find a high-rise/greenspace equilibrium.
Or just say enough is enough
Monaco should cease to exist and revert to being part of France, as was supposed to happen when no heir was produced.
Everyone is misusing the term “wealthiest of wealthy country “... country of many wealthy people is mite correct. As a nation is very small. Med next to no industries or natural resources. As a nation countries like that are actually surprisingly poor.
It’s simply a habitat of wealthy people
Literally ever. Single. Royal. Is a billionaire.
I feel sorry for the Grand Prix drivers as they will all have to buy new Monaco street maps.
Bookmarking this video for the inevitable ‘what’s going on behind Portier?’ questions during the Monaco GP weekend.
You're welcome!
I was wondering what that weird painted board was last year. Pascal Wehrlein got an up close look at it.
Looking forward to how this project turns out for them. Keep up the good work.
Sea going to come and reclaim the reclaimed land one day
Nothing would suggest that.reclaimed land is found all around the world
@@richlopez5896 and their leases are for less than 100 years because everyone knows they won't last longer than that
Hahaha
Lol 😂😂😂 I wonder how this people can joke this way
Poor Dutch then...
In July 2019 Sicily decided not to supply the sand needed as they need it for their (or Italy's) own beaches. Any updates on this story?
100K per square meter? This is insane. I'm reminded of the terrible movie Elisium.
Well actually, people are paying slightly more than that for certain trophy penthouses in Manhattan, now.
Bunny Biedenharn I was under the impression that was the cost of the bare land in this video. Before a building was put on it.
Oh! Thank you! I'm having a lot of trouble processing the Narrator's speech, and am missing about 2/3 of what he's saying ( 1:44 ). Thanks for correcting me. And you're right. 100k per square meter - for land beneath a single-family dwelling, truly IS insane.
Jes.e B. THANK U
that movie sucked ass
Gibraltar is trying to do the same nowadays.
The problem is that they doesnt have territorial waters, so they are having problems with Spain. I dont know if Monaco have the same problem.
So I guess the Mediterranean Sea won’t be rising anytime soon.
drinny26 2:34 those seems to be pretty high walls
You never know but the people who are moving there soon might be all the illuminati folk, and they are moving there because they will die first in the sea rise flood. They're building their own mass suicide cul-de-sac!
@@wiibaron Sea rise flood?WTF are you talking about?Reclaimed land is found around the world
C'mon. The Libs are always saying sea level rise is impending doom soon. Why would super rich folks build a seaside mansion community with the doom so near. They want to die quickly and first so they won't become meals for the cannibals that will result from the climate disaster.
@@wiibaron They buy ocean front properties because they know the lies they tell about so-called "climate change" is garbage
A expansion into the Mediterranean Sea is not a "reclaimed" land. It is a new land, unless there was another "duggerland" or "atlantis" there once? I have one question. Did the team of developers take into count the global warming and rising sea-levels as the glaciers melt ?
B1M- “Space becomes critical” Me- “make taller buildings” B1M- “skyscraper are restricted”
Me- “wow”
This leaves me wondering if they have considered the rising sea levels and whether they have prepared for future flooding of the coastline.
In a few countries of South America, Monaco would be called "LAS FAVELAS para los muy ricos" (Spanish), or, "LAS FAVELAS
para os muito ricos (Portuguese). In English that would be, "HILLSIDE SLUMS for the very rich."
Absolutely Love this Channel. Monaco is in My Heart - has been for quite some Time.
What an amazing project can’t wait to see it all completed.
Hey B1M, now that sand is running out do you know what material everybody is moving towards as a replacement for Sand to make Concrete & Asphalt? I'm a self taught engineer I have some ideas that I want to test out but was curious what everybody else was doing.
Law19157 Self taught Engineer!!! No my man, go to school please.
Keep in touch with the Dutch, you would need them soon.........
Why dont they just buy land from france probably for less money? Or is that impossible to do?
The video said their only option is southwards 1:19
France will most likely want them to merge, no chance they'd sell them land to further their stance
Politically difficult for any French President.
"France is an indivisible republic" First article of France constitution. Furthermore, Mocano will be part of France as soon as there will not be a crown prince.
Anything is politically difficult for any French President it seems
Your Reports Are Absolutely Amaizing! Thanks
climate change "hold my beer"
no. not really ! you are taking climate change a bit too serious.
It not climate change it’s global warming
@@paulwhite8493 It's more factually correct to say climate change. While the overall temperature of the planet is rising, seasonal weather means that many places will experience colder winters and warmer summers. This would be considered a change in climate, hence, climate change.
According to AL Gore Monaco should have been under water by now.
@@burgerfc IF people still used 50's and 60's inefficient factories and trains. Modern factories use less than half of energy of what they used in 50's and 60's to manufacture a worse product and they used inefficient fuels like coal.
It is like saying we don't need safety systems in cars as very few people who crash die when the main reason that is the case is because of the safety systems.
Very interesting. Does B1M have plans to do a follow-up video when the project is finished? Thanks
They should build a bit bigger while they are at it. Or maybe the sea is so deep that can't be done?
I LOVE YOUR CHANNEL
WE LOVE OUR VIEWERS MORE!! ✊️👍🙂
Here's to show my support to the B1M!.!.
They should reclaim some land to put a longer straight and a safe 90 deg corner - with a large run off area so it will be possible to overtake again in Monaco in at least 1 spot on the track.
Let’s all inform Jon Olson so he can buy a new home here
can they buy land from france?
Which French president would survive if he would only think of selling land to any country ?
@@hansheinrich958 Napoleon sold us Louisiana Territory.
Silas Bishop That’s something different,because Bonaparte hasn’t got any other possibility.And btw at that time the society hafn’ had enough power to get rid of a political leader
@@hansheinrich958 France pretty much owns Monaco already. They protect it with their military and still collect Tax on France citizens in Monaco. France can annex Monaco if there no heir to the current king.
@@silasbishop3055 and he didnt survive..
Japan reclaims land for airports (110 sq miles), so does China (4,600 sq miles), Netherlands (2,700 sq miles), South Korea (600 sq miles) and so on. Yet we are led to believe that global warming is the cause of the ocean rising about half an inch in the last 15 years. Yet an earthquake in Alaska that released 7,500 sq miles of soil into the ocean generated a tsunami over 1700 feet high. Rather than or in addition to the reduction in carbon dioxide levels the "powers that be" better stop "reclaiming" land in one country that reclaims ocean elsewhere such as Venice, the Maldives etc. caused by an increase in sea level of only 1/8th inch per year. And the higher the ocean rises the more erosion of land and icecaps takes place accelerating this process even more.
The architecture character of this new structures is alienated (based on the perspectives shown). Must be better if it didn't deviate from the architectural context of Monaco.
I agree. Excellent Beaux Arts architecture MADE Monaco. Considering the wealth of those buying in Monaco, there's no excuse for not continuing in the style of the grand 19th Century buildings. That would certainly provide better views than does the the Modernist garbage of the last few decades.
At least it's not a muslim building with a bunch of skinny pointy towers.
Architectural context of Monaco? Are you talking about those dreary 1960's highrises all over the place?
DJShadesUK, those 60s things ARE dreary. Really, it's time they were razed, and replaced with structures worthy of the prices being charged, and the fortunes being sheltered there.
You should do a video on the Scottish parliament building in Edinburgh as it takes environment into its design
Just LOVE The B1M.
Very sporting of Monaco to allow one of this season’s new arrivals Metz an away win at Monaco. With two defeats at the beginning of the season and a bottom of the league placing times at The Louis seem bleak. We do of course love courage and perseverance and so hope this momentary facade at the bottom of Ligue 1 does not in any way remove the optimism so often relished among the team in past seasons.
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this guy's ayes are so awesome and deep, i just cant focus on anything else
Love this channel.
We LOVE our viewers more!! ✊️✊️
This is not a critique per say but 120 residencies? Really? C'mon Monaco! You're over subscribed and you expand so little?... Look at Eko atlantic and Dubai. Hundreds of thousands of residences were catered to by both places expanding into the sea. I was in Monaco and saw this and thought it was just for one building. I had no idea, but 120 residences is still too little. People need more, we love Monaco.
Environmental oxymoron: land reclamation. It’s more like trying to squeeze out more real estate for sale when there aren’t any. Way smarter to pay the taxes in France in Cap Ferrat on existing large parcels since money is obviously not an issue for the real estate buying demographic in this market.
What about that sinkhole filler/expanding foam they use in driveway cracks and rises, as the filler for underneath the building in the foundation? Who built the Dubai Islands? Maybe Consulting would also help.
So cheap looking, all-round economy-minded new designs! It's nice for saving on construction and environmental considerations, but the design quality could easily be tripled if the developer wouldn't try to save as much as possible.
wow! no reasons to dislike the video
Adrian Kileste I never disliked, but I’m going to take a guess that it’s because it’s a case of “rich people problems” not everyone has a choice where they live and this seems like a lot of work so the rich can be happy. Just a guess though
All that money and they still end up with the most bland modern architecture on Earth.
land reclamation on sea ain't cheap. also not include the ecological impact from it. the cost will just double. the only way to reduce the cost in either to design a building that is cheap to be made while maintain it's building quality or just to made skyscraper so that the value ratio will be balanced. but even in video explain that no skyscraper building in monaco so that the only option left is to design a building that are cheap to build
Given that they are catering to the top 0.1%, cost is no object. They could certainly have been a lot more imaginative than the windowed white boxes that they are putting up. Imagination really doesn't cost extra.
Beauty is in the eye of the beholder.
if you search for prices of apartments in monaco, you would see that even an ugly shoebox of a appartment with only 50sqm/550sqf still sells for a few million dollars even though it has no balcony and a view facing another ugly building!
Many residents of monaco practically only have their homes there as a adress and option to pay 0% in tax, instead of 50% many places around europe with the kind of income they usually get to afford living their. So if you make 20 million a year, you basicly save 6-10 million pr year on having your adress in monaco
+Philip Hjort All the wealthy liberal eurocucks hide their wealth in Monaco whilst supporting socialist regimes and higher taxes for the middle class.
13M for a 1,500sq condo. That nuts
At least you don't have to pay taxes
ruclips.net/video/NriOZ6ofj_Q/видео.html
What do the residents who currently live on the coast think? I'm sure they would rather have skyscrapers than lose their seaside view to more land
no, just no. Please protect Manoco and other historical European cities from skyscrapers. Most beautiful skyline is church spires, castle towers and hills.
That shit is litteraly happening under my window
Boomrang2 Monaco ..that means you are my neighbor?
George WL where do you live mate ?
Boomrang2 Monaco ..cyprus
So you've got a lovely view of that ugly ass ship thats doing the prep work then? (That they had moved for the Monaco GP last month lol)
I do, I can even see the name of it from here. It's the Simon Stevin if you want an ugly ship pic
I hope that area will expand the circuit
love it ! i would love you to do a video about the changing in Lyon, France. They are changing a lot in Lyon Part Dieu ;)
I'd love to see something like Baroque style architecture rather than "modern" buildings. Either way Monaco is one of the most beautiful countries I've visited.
in the design world, never built a baroque style in a present era, you'd be lying to the history. The architecture should be more harmonious and more unique to the local architecture style though, because the proposed design feels empty and not unique to the Monaco's cutlure
Well I think the proposal looks very appealing.
Your DP is very appealing.
Excellent video. Fascinating project
It seems that a lot of viewers don't really realize just how small Monaco is. Most of the homes on the hillside are actually in France. Don't be fooled by seeing roofs the same red color and think it must be a home in Monaco, it isn't. You can fit Monaco into NY Central Park and still have room left over.
$2 billion expansion! That's a serious undertaking. Wait, that's the net worth of a regular person there... basically could be financed through a handful of individuals.
This sounds a lot like what I had to go through to get that new addition to my driveway.
Monaco needs a long term sustainable man made island spanning an area in excess of 8 kms² - 15 kms² . . . it'll be able to accommodate anywhere between 82,000 - 150,000 resident tourists including some of the necessary local population . . . a 10 kms² man made island can built in the Mediterranean Sea adjacent to the current island archipelago that makes up the entirety of Monaco . . . cost of such a challenging real estate project through significant land reclamation will be anywhere between €8.2 Bn - €19.0 Bn approx . . .
would be good to see a follow up to stories like these to show what the progress is like.
do a video on the differences and role of different jobs in the built environment
Well, this video is pure communication. No external reviews about this project ? About the green washing ?
This video is really good. I always wondered why don't they use marine sand from around the reclamation site? Seems easier to just more the sand from nearby and not all the way from Sicily...
I do have to miss that although it’s annoying that we have to keep doing expenses like these and going into the sea is not a good idea at all in the 21st-century, there’s construction project really has been well thought out and looks really awesome. Granted the architectural design does feel kind of retro for some reason, but I like how they really thought about the environmental impact, how it is very green and the way the buildings slope down from highest to lowest to emulate the Monaco environment.
I agree especially with sea levels rising in the next couple years it makes me think if these expansion projects are even thinking long term.
I am wrong for saying that these apartments will be bought by people who only buy an apartment in Monaco to save money on taxes and that will be there only a couple of weeks a year?
It’ll be interesting to see what Monaco does in the future, will they go up, down or out, there isn’t much more space to expand unless they remove a marina and push it further out...
There's plenty of space so long as you build south of existing marinas. The real issues could come with sea depth, cost of reclamation and environmental damage the further into the sea you go.
Sir, i like your presentations. Very thorough n tells us what is possible?
This isn’t solving a housing shortage. This is building more million dollar homes for rich people to shelter their assets.
Love the effort to make these videos... I still don't know how do you do this.... By getting so much information from nowhere! Lol
The government of Monaco and the adjourning arrondissement (or what it is called in France in which the city of Nice is situated) could collaborate to create a. We skyscraper district that would finally merge the cities of Monte Carlo and Nice. That way most of the existing villas in the two cities do not loose their respective seaside views. Just my opinion though
DeU- Nice is 5 miles away.
Will the expansion hide the view of the sea for some of the residents? Will they be compensated for the damage they suffered as a result of the decline in the value of the homes?
Good question.
This will likely affect 200 apartments, and there will be not conpensations. The buildings are only going to be 5 floors high
Since I live in Roquebrune and usually come to monaco, I can tell you that the view is partially blocked from ground level but it isn't that bad tbh
This video is 4 years old. Is there an update on the progress of the project??? I like to know what is going on currently. Thank you.
@@ilmariorizzo Where can I see the video???
Tax havens like Monaco does not make any sense. I get that all those rich people don’t want to pay taxes and that every superyacht is registered in Georgetown, Cayman Islands. But Europe should forbid that and rich people should pay some taxes like everyone else.
Stupid world.
Don't you love it when you spend your life savings I a beachfront property with views over the med, then someone still manages to build a tower in front of you.
I confirm, I've never been to a place than makes you feel so claustrophobic in my life.
Great video. Thank you.
Regent's Park 1.70 km² vs Monaco 2 km²
I’d love to visit Monaco. Probably couldn’t afford to be there an hour though
Bravo...with the echo system 1st then the project....enough money and build anything
What is the point, soon to be under water.
Thought this was Cape Town I didn't see Table Mountain.
I went to Monaco during the building process and I feel that the water got on to the and in to building site way to easily
I always wondered how a small place like that handles their sewage system.
My guess is that they either dump it in the sea or export the sewage to France.
🤔 It's cheaper than Luanda, nice 👍🏽
Looking very nice...Thank you...
In Gibraltar is also same project name Victoria keys.Wach some video plese
I don’t see why France can’t sell some of the bordering land to it, it’s not like they use those hills or need them but it’d be a massive boost to Monaco and in turn it would also boost france’s economy since there is more activity in monaco
Perhaps someone should offer France the necessary incentive to do so. Not sure how how popular selling part of one's country would be, considering the political climate there.
That would be more than just selling land, it would be sacrificing national sovereignty for a pittance