Today, the face of Monaco is changing dramatically. Most of the territory of the principality is undergoing construction – work is underway on the construction of premium luxury residences, such as, for example, the Giroflées Tower in the La Rousse area in northern Monaco, which will accommodate 73 luxury apartments, shops, a spa, a swimming pool and parking on its 22 floors. The construction of the new Princess Grace Hospital building has begun on the avenue Pasteur, with 400 hospital beds and 650 parking spaces. The Testimonio II project is beginning to take its final shape – a new quarter between boulevard d’Italie and avenue Princesse Grace, which includes several luxury residential complexes, parking spaces, landscape parks, and the new International School of Monaco. However, the main construction project will increase the territory of the principality through the expansion of the coastline and the construction of the Portier Cove eco-district.