Monaco has long been synonymous with glamour, prestige and wealth but over the last couple of years real estate prices have hit an all-time high as the tiny principality continues to construct luxury residences in order to satisfy the demand of affluent foreign buyers attracted by the advantageous tax laws, great climate and high-quality lifestyle.
The newest international luxury apartments are offering more space than ever. Over the last few years there has been a growing demand for city homes which occupy entire floors and multiple levels allowing wealthy buyers to purchase more space without sacrificing the convenience of a city location. Developers have cottoned onto the trend and some of the newest constructions are now offering truly super-sized residences.
The desirable New York district of Tribeca is soon to be home to one of the Big Apple’s most daring pieces of architecture. The 60-storey skyscraper located at 56 Leonard Street in is formed by a series of stacked units which has earned it the nickname of the ‘Jenga building’ due to its resemblance to the game of interlinking blocks. When completed, the tower will be home to 145 luxury homes costing between $3.5 million to $33 million.