It has been announced that the Caroli Group will be lodging planning permissions by the end of April 2016 for the construction of a major new development of 42 apartments, plus offices, shops, restaurants, bars and museums together with a pedestrian promenade at the end of the new breakwater beyond the former Monaco Yacht Club.

Work on this futuristic-looking development is scheduled to start at the end of 2016 and to be completed in 2021.