The Société des Bains de Mer (SBM Monaco) has unveiled the ambitious Monaco Casino Terraces project, a cornerstone of the SBM Monaco real estate expansion and a defining step in the Monte Carlo Casino redevelopment strategy. As reported by Hello Monaco, this transformative development aims to redefine the historic heart of Monte-Carlo, reinforcing the Principality’s position as a global hub for luxury real estate and refined living.
The Monaco Casino Terraces project represents a central component in the long-term SBM Monaco real estate expansion plan, designed to enhance one of the most prestigious areas of Monte-Carlo, the district surrounding the Casino and the Hôtel de Paris. This initiative seeks to preserve Monaco’s cultural and architectural heritage while introducing a contemporary vision of elegance and innovation.
In particular, through this project, SBM aims to strengthen the Principality’s status as a global benchmark in luxury real estate and to expand its portfolio of luxury residences in Monaco, premium retail spaces, and exclusive amenities for a discerning international clientele.
The Monaco Casino Terraces project is currently in the advanced planning phase.
The timeline:
Urban and environmental approvals are underway and the architectural design has been entrusted to Patrick Raymond and the Swiss firm Herzog & de Meuron, known for integrating modern aesthetics with historical surroundings.
The relocation of the Edmond de Rothschild Bank, which currently occupies part of the redevelopment area, is scheduled for late 2026, marking a critical milestone before the construction phase begins.
Groundbreaking is anticipated in spring 2027.
Completion is estimated between 2031 and 2032.
This forward-looking approach aligns with Monaco’s broader strategy for sustainable urban development and high-end architectural innovation.
As with any major Monaco real estate project, the Monaco Casino Terraces project faces a number of challenges:
The transfer of the existing bank requires careful coordination between public authorities and private stakeholders.
The urban constraints of central Monte-Carlo impose strict preservation and environmental standards.
The construction timeline must be managed to minimize disruptions to local life and the tourism activities around the Casino.
Nonetheless, SBM Monaco has already proven, through the successful completion of One Monte Carlo, its ability to deliver complex, high-profile projects within the heart of Monte-Carlo, setting a benchmark for excellence in Monaco luxury real estate.
Once completed, the Monaco Casino Terraces project will include:
Luxury residences in Monaco offering panoramic views over Port Hercule and the Mediterranean.
Exclusive boutiques, a world-class spa, and landscaped public areas promoting a pedestrian-friendly environment.
A revitalized urban layout, harmoniously blending modern design and historic charm.
According to Monte-Carlo Société des Bains de Mer, the project will serve as a key driver of the SBM Monaco real estate expansion, reinforcing Monte-Carlo’s economic vitality and enhancing Monaco's status as a center for property investment.
The development is expected to generate significant Monaco real estate prospects, attracting high-net-worth individuals seeking exclusive properties in a stable, tax-efficient and cosmopolitan environment.
The Monte Carlo Casino redevelopment will have a major influence on the reputation of Monaco in the luxury sector. By revitalizing the Casino district, the project will reaffirm Monte-Carlo’s image as a destination that seamlessly blends heritage, modernity and sustainability.
As highlighted by Monte-Carlo Real Estate, Monaco today represents a unique combination of art, culture, and architectural innovation. The Monaco Casino Terraces project will strengthen this identity, positioning the Principality as a pioneer of refined urban living and a global icon of luxury real estate.
◼︎ See also: Monaco’s Cultural Heritage & Lifestyle
The Monaco real estate market 2025 remains one of the most stable, exclusive and sought-after in the world.
In this context, the Monaco Casino Terraces project will offer exceptional opportunities for:
Private investors seeking premium real estate assets with strong long-term appreciation.
Real estate professionals looking to engage in landmark developments in the Principality.
Luxury brands wishing to establish flagship stores in the heart of Monte-Carlo’s One Monte Carlo district.
The success of One Monte Carlo has already proven the high potential of Monaco property investment, combining prestige, stability and consistent demand from an elite international clientele.
◼︎ See also: Monaco Real Estate Market 2025
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The Monaco Casino Terraces project stands as a symbol of Monaco’s commitment to combining innovation, prestige and heritage. Through the SBM Monaco real estate expansion, the Principality continues to shape a visionary approach to urban design, one that enhances the Monaco luxury lifestyle while safeguarding the elegance of its past.
This landmark Monaco real estate market 2025 initiative not only promises to elevate the city’s skyline but also reinforces Monaco’s global reputation as the capital of luxury, excellence and architectural sophistication.