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From Wikipedia, the free encyclopedia
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] Property along the street is on average worth $17,750 per square foot or £73,000 per square metre.[2][3]
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 starting in the 1960s.[4] Some were built as recently as the 2000s.
There is also public sculpture on the street, called Le Pêcheur.[21]
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