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] Property along the street is on average worth $17,750 per square foot or £73,000 per square metre.^[2][3]

Grace Kelly, in To Catch a Thief, points towards the road (circled) which was later named after her.

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 starting in the 1960s.^[4] Some were built as recently as the 2000s.

Addresses

• 1, Avenue Princesse Grace: Residence Le Mirabeau.^[5]
• 2, Avenue Princesse Grace: Le Sardanapale
• 3, Avenue Princesse Grace: Émilie Palace.^[6]
• 5, Avenue Princesse Grace: La Réserve
• 7, Avenue Princesse Grace: Le Houston Palace.^[7]
• 10, Avenue Princesse Grace: Grimaldi Forum.^[8]
• 11, Avenue Princesse Grace: Columbia Palace.^[9]
• 17, Avenue Princesse Grace: Villa Sauber, one of two locations of the New National Museum of Monaco.^[10]
• 21, avenue Princesse Grace: Le 21.
• 22, Avenue Princesse Grace: Le Méridien Beach Plaza.^[11][12]
• 24, Avenue Princesse Grace: Le Roccabella.^[13]
• 26, Avenue Princesse Grace: Sporting Monte-Carlo, home to nightclub Jimmy'z.^[14]
• 27, Avenue Princesse Grace: Le Formentor.^[15]
• 31, Avenue Princesse Grace: L'Estoril.^[16]
• 37, Avenue Princesse Grace: Palais de la Plage.^[17]
• 39, Avenue Princesse Grace: Le Bahia.^[18]
• 40, Avenue Princesse Grace: Monte-Carlo Bay Hotel & Resort.^[19][20]

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

References

1. "Princesse-Grace, « rue la plus chère du monde »" [Princesse Grace, "the most expensive street in the world"]. Monaco-Matin (in French). 12 July 2010. Archived from the original on 7 September 2014.
2. Frank, Robert (5 August 2008). "The 10 Most Expensive Streets in the World". The Wall Street Journal. ISSN 0099-9660. Archived from the original on 29 August 2008. Retrieved 10 August 2023.
3. Collinson, Patrick (22 July 2009). "Credit crunch reaches world's most expensive streets". The Guardian. ISSN 0261-3077. Retrieved 10 August 2023.
4. Grondahl, Marie-Pierre (15 May 2014). "Qui en veut aux Pastor? - L'héritière est décédée". Paris Match (in French). Retrieved 10 August 2023.
5. "Le Mirabeau". Emporis. Archived from the original on 30 December 2014.
6. "Émilie Palace, Monaco | Building 334262 | EMPORIS". Emporis. Archived from the original on 3 January 2015.
7. "Houston Palace, Monaco | 124200 | EMPORIS". Emporis (in French). Retrieved 2 September 2022.
8. "Grimaldi Forum, Monaco | Building 903990 | EMPORIS". Emporis. Archived from the original on 20 August 2014.
9. "Columbia Palace, Monaco | Building 124210 | EMPORIS". Emporis. Archived from the original on 7 April 2014.
10. "Visit Monaco: Nouveau Musée National de Monaco - Villa Sauber / Villa Paloma". Archived from the original on 4 March 2016. Retrieved 31 December 2014.
11. "Le Méridien Beach Plaza". Emporis. Archived from the original on 30 December 2014.
12. "Le Méridien Beach Plaza". Visit Monaco. Retrieved 10 August 2023.
13. "Le Roccabella". Emporis. Archived from the original on 30 December 2014.
14. "Informations pratiques" [Useful information]. Jimmy'z (in French). Archived from the original on 11 January 2016.
15. "Formentor". Emporis. Archived from the original on 30 December 2014.
16. "L'Estoril". Archived from the original on 30 December 2014.
17. "Monaco 1931-2008 : devant le Palais de la plage... les souvenirs" [Monaco 1931-2008: in front of the Palais de la Plage... memories]. Monaco-Matin. 2 September 2008. Archived from the original on 21 August 2016.
18. "Le Bahia, Monaco | Building 1158945 | EMPORIS". Emporis. Archived from the original on 3 January 2015.
19. "Monte-Carlo Bay Hotel & Resort, Monaco | Building 100094 | EMPORIS". Emporis. Archived from the original on 20 August 2014.
20. "Monte-Carlo Bay Hotel & Resort". Visit Monaco. Retrieved 10 August 2023.
21. "Le Pêcheur". Emporis. Archived from the original on 30 December 2014.