Located in the La Colle district , plans for the new Grand Ida real estate project have recently expanded to accommodate more housing units and more parking spaces . Started in 2020 , the project is steadily gaining in height and is currently on schedule . Three blocks of buildings will house apartments , shops , a nursery for 35 children , a special residence for the Monegasque Association for the Aid and Protection of Children ( AMA- PEI ) and parking spaces .

In mid-December , elected officials unanimously approved new modifications made by the developer-builder to increase the number of apartments from 159 to 218 and parking spaces from 290 to 404 . With solar panels adorning the rooftop , the project will be labeled a ‘ Sustainable Mediterranean Building of Monaco ’. Out of 4,700 m ² of total surface area , 2,200 m ² will be devoted to green spaces , livening up the treasured district . The Grand Ida real estate project will be completed by summer 2024 .

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Hello Monaco #14 Spring 2022 | Page 80