Avenue Princesse Grace

The Avenue Princesse Grace is an avenue in the Larvotto ward of Monaco. It is named after Grace Kelly, Princess consort of Monaco. It is the most expensive street in the world according to Engel & Völkers.[1][2][3] In other words, property along this street is on average worth $17,750 per square foot and each square metre £73,000.[2][3]

Avenue Princesse Grace in 2015
Avenue Princesse Grace viewed from the Monte-Carlo Bay Hotel & Resort at the France–Monaco border

History

Most of the land of the Larvotto district was purchased by Gildo Pastor in the aftermath of World War II.[4] In 1966, Rainier III, Prince of Monaco allowed him to start building high-rise buildings.[4] This led to the construction of dense apartment buildings and luxury hotels from the 1960s onwards.[4] Some were built as recently as the 2000s.

Addresses

There is also public sculpture on the street, called Le Pêcheur.[21]

References
  1. Princesse-Grace, « rue la plus chère du monde », Monaco-Matin, July 12, 2010
  2. Robert Frank, The 10 Most Expensive Streets in the World, The Wall Street Journal, August 5, 2008
  3. Patrick Collinson, Credit crunch reaches world's most expensive streets, The Guardian, July 23, 2009
  4. Marie-Pierre Grondahl, L'héritière est décédée: Qui en veut aux Pastor?, Paris Match, May 21, 2014
  5. Emporis: Le Mirabeau
  6. Emporis: Émilie Palace
  8. Emporis: Grimaldi Forum
  9. Emporis: Columbia Palace
  10. "Visit Monaco: Nouveau Musée National de Monaco - Villa Sauber / Villa Paloma". Archived from the original on 2016-03-04. Retrieved 2014-12-31.
  11. Emporis: Le Méridien Beach Plaza
  12. Visit Monaco: Le Méridien Beach Plaza
  13. Emporis: Le Roccabella
  14. Jimmy'z
  15. Emporis: Formentor
  16. Emporis: L'Estoril
  18. Emporis: Le Bahia
  19. Emporis: Monte-Carlo Bay Hotel & Resort
  20. Visit Monaco: Monte-Carlo Bay Hotel & Resort
  21. Emporis: Le Pêcheur
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