Fontvieille was constructed almost entirely on artificially
reclaimed land, making it one of the youngest districts in the Principality of Monaco. Unlike other districts—
Monaco-Ville,
Monte Carlo, and
La Condamine—Fontvieille was created through a large-scale
land reclamation project on the southwest side of the Rock (Le Rocher) to address the principality's limited available land. Work began in 1966. In 1981, then-Crown Prince Albert laid the cornerstone for the new district. The existence of Fontvieille, and its many public works projects, relates substantially to former
Prince of Monaco,
Prince Rainier III's reputation as the Builder Prince. Plans announced in late 2009 to extend Fontvieille by the Department of Urban Development are currently being overseen by Prince Albert. The plan is to build a small aura on the west side of the rock, currently planned to be finished by 2015. The new area will include three to four new hotels, corporate businesses, shops and apartments for between 600 and 800 newcomers. Despite not being the highest-priced part of Monaco, flats are also very expensive. For example, a 65 m2 (700 ft²) one bedroom apartment with one bathroom and one car parking space was offered at €3,200,000 in May 2015. ==Geography==