Work Begins On Montecarlo Urbanisaton
Posted: 16 Sep 2026 20:59
https://www.informacion.es/vega-baja/20 ... 26417.html
Google translate, minus video and images:
Torrevieja authorizes the urbanization of the Montecarlo plan, which has been in process since the nineties, covering 14,400 meters without an identified owner
The developers value the homes to be built at more than 27 million euros, even though the area only has 61,000 square meters available, which will complete the urban development between Aguas Nuevas and Cortes Valencianas.
Heavy machinery has now arrived at the PRI Enclave 3-Montecarlo site, in northern Torrevieja, next to Avenida de las Cortes Valencianas. The initial fencing work on the site marks the end of a long administrative wait, dating back to the 1990s, for a small-scale urban development plan that will now fill a gap in the land amidst a large residential area that has been established for decades.
Montecarlo is neither La Hoya nor La Ceñuela. It doesn't envision thousands of homes. Its size is much smaller: just over 61,000 square meters and a maximum of 104 homes, with an estimated population of 260. But its significance lies precisely in its location. The area is situated north of the city, east of Avenida de las Cortes Valencianas, between Aguas Nuevas and other already developed residential sectors, so its development will complete the road network, services, and open spaces of an area that has been surrounding it for decades.
Private land readjustment
The land readjustment process transforms the old structure of small plots, inherited from a private subdivision in the 1970s, into properties adapted to current planning regulations. And that is the main reason for its delay. There are 48 initial properties with over twenty owners, plus one property of unknown ownership totaling 14,434 square meters. Therefore, the land readjustment was processed as mandatory because a voluntary agreement was not possible, partly due to the existence of that property with unknown ownership.
Property dispute
In that case, the rights are registered in favor of the City Council on a fiduciary basis, that is, provisionally and on behalf of whoever may prove a "superior right" in the future. This superior right is disputed by companies and individuals, formerly linked to the local administration itself, who allegedly received information at the time that the land lacked registration. To further complicate the planning process, this 14,434-square-meter area coincides exactly with the layout of the public roads in the land registry.
Furthermore, the City Council has acquired another 400 meters through the registration of an unregistered plot. Despite this uncertainty regarding the ownership of a property that represents 23% of the entire plan, and who will be able to obtain the urban plots, the project has begun to be developed.
Small entity but 27 million in sale value
The urban planning documents themselves describe it as a project of "small surface area" and propose its development as a single implementation unit. The plan envisions four residential plots, a central green area, and a longitudinal road connecting it to the surrounding area. For example, Sector 20 La Hoya, currently under construction, covers over 1.8 million square meters and is planned for a maximum of 7,490 homes. Sector 29 La Ceñuela, still pending approval, proposes 1,347 homes, covering an area of 291,644 square meters. Compared to these figures, Montecarlo is smaller in volume, but important for completing the urban development of the Aguas Nuevas residential area. It is a case of land reclamation with no greater ambition than to build more homes for the tourist market: these are plots of land with acquired rights for this residential purpose dating back decades, for which no other alternative is offered because they are privately owned and have become completely surrounded by the urban fabric.
Social housing
The land readjustment establishes a real area for the sector of 61,161 square meters. Of this, 34,596 square meters correspond to net residential land, while the remainder is allocated to public facilities, open spaces, and roads. The land readjustment distributes 24,217 square meters for market-rate housing and 10,378 square meters for subsidized housing — 4,000 of which are municipally owned. This 30% land reserve for subsidized housing has gone completely unnoticed during the plan's processing and public dissemination.
Green area
Furthermore, the plan includes 17,030 square meters of roads, a main green area of 8,531 square meters, and just over 1,000 square meters of additional open space not included in the development plan, located next to Avenida de las Cortes Valencianas. In total, the land dedicated to roads and green areas represents approximately 43.4% of the plan. However, this development will not create the large green space still pending in the strip of land between Aguas Nuevas and Avenida de las Cortes Valencianas, extending to the intersection with Avenida de Castilla-La Mancha. The residents of Aguas Nuevas — the area where this green space was originally intended — will once again have to settle for the periodic clearing of the land by the City Council and the dozen or so trees planted in recent decades.
The fixed urbanization costs, which cover the cost of building the infrastructure before selling the urban plots, amount to approximately €3.25 million including VAT. This figure includes the urbanization works themselves — sidewalks, roads, sanitation, stormwater drainage, and street lighting — the sanitation fee, technical fees, and management expenses. The land readjustment documentation also includes an estimate of the value of the residential sector once developed. It is a small but profitable sector within the typical market for second homes in Torrevieja, in this case overlooking the salt lagoon. The total sale value is estimated at €27.77 million, of which € 21.40 million corresponds to market-rate housing and €6.37 million to subsidized housing.
Initial agreements
The plan has been in the works for over three decades. The first municipal agreements approving it in plenary session date back to 1992, with subsequent provisional approvals in 1993 and 1995. The Territorial Planning Commission definitively approved the Special Plan for Urban Renewal (PERI) in January 1998, although conditional upon the presentation of a consolidated text. Its effective publication came years later, in 2005, and the City Council approved an amendment to the Special Plan for Urban Renewal (PRI) in 2008 to adapt the planning to the road network and the physical reality of the surrounding area. Nor was the management process straightforward. In 2009, a procedure was initiated to develop the area through indirect management; in 2013, the Integrated Action Plan (PAI) was approved, and Cauce Actividades Urbanísticas, SL was appointed as the developer, but the company ultimately withdrew.
In 2019, the council accepted this resignation and cancelled the program. The current phase began in 2020, with the initiative of Marcos y Bañuls, SL, the company of the Orihuela businessman best known for its car dealerships, which assumed the role of urban development agent under a management agreement with the owners. The Local Governing Board approved the Integrated Action Program and the urbanization project on October 13, 2023, and assigned the role of urban developer to Marcos y Bañuls.
The final administrative step was taken in February of this year, when the Local Governing Board definitively approved the Consolidated Text of the Land Redistribution Project for Enclave 3-PRI Montecarlo. This agreement, dated February 6, 2026, mandates its publication and subsequent registration once final, and also requires the developer to complete the final guarantee up to 5% of the urbanization costs, amounting to €81,439.60.
Google translate, minus video and images:
Torrevieja authorizes the urbanization of the Montecarlo plan, which has been in process since the nineties, covering 14,400 meters without an identified owner
The developers value the homes to be built at more than 27 million euros, even though the area only has 61,000 square meters available, which will complete the urban development between Aguas Nuevas and Cortes Valencianas.
Heavy machinery has now arrived at the PRI Enclave 3-Montecarlo site, in northern Torrevieja, next to Avenida de las Cortes Valencianas. The initial fencing work on the site marks the end of a long administrative wait, dating back to the 1990s, for a small-scale urban development plan that will now fill a gap in the land amidst a large residential area that has been established for decades.
Montecarlo is neither La Hoya nor La Ceñuela. It doesn't envision thousands of homes. Its size is much smaller: just over 61,000 square meters and a maximum of 104 homes, with an estimated population of 260. But its significance lies precisely in its location. The area is situated north of the city, east of Avenida de las Cortes Valencianas, between Aguas Nuevas and other already developed residential sectors, so its development will complete the road network, services, and open spaces of an area that has been surrounding it for decades.
Private land readjustment
The land readjustment process transforms the old structure of small plots, inherited from a private subdivision in the 1970s, into properties adapted to current planning regulations. And that is the main reason for its delay. There are 48 initial properties with over twenty owners, plus one property of unknown ownership totaling 14,434 square meters. Therefore, the land readjustment was processed as mandatory because a voluntary agreement was not possible, partly due to the existence of that property with unknown ownership.
Property dispute
In that case, the rights are registered in favor of the City Council on a fiduciary basis, that is, provisionally and on behalf of whoever may prove a "superior right" in the future. This superior right is disputed by companies and individuals, formerly linked to the local administration itself, who allegedly received information at the time that the land lacked registration. To further complicate the planning process, this 14,434-square-meter area coincides exactly with the layout of the public roads in the land registry.
Furthermore, the City Council has acquired another 400 meters through the registration of an unregistered plot. Despite this uncertainty regarding the ownership of a property that represents 23% of the entire plan, and who will be able to obtain the urban plots, the project has begun to be developed.
Small entity but 27 million in sale value
The urban planning documents themselves describe it as a project of "small surface area" and propose its development as a single implementation unit. The plan envisions four residential plots, a central green area, and a longitudinal road connecting it to the surrounding area. For example, Sector 20 La Hoya, currently under construction, covers over 1.8 million square meters and is planned for a maximum of 7,490 homes. Sector 29 La Ceñuela, still pending approval, proposes 1,347 homes, covering an area of 291,644 square meters. Compared to these figures, Montecarlo is smaller in volume, but important for completing the urban development of the Aguas Nuevas residential area. It is a case of land reclamation with no greater ambition than to build more homes for the tourist market: these are plots of land with acquired rights for this residential purpose dating back decades, for which no other alternative is offered because they are privately owned and have become completely surrounded by the urban fabric.
Social housing
The land readjustment establishes a real area for the sector of 61,161 square meters. Of this, 34,596 square meters correspond to net residential land, while the remainder is allocated to public facilities, open spaces, and roads. The land readjustment distributes 24,217 square meters for market-rate housing and 10,378 square meters for subsidized housing — 4,000 of which are municipally owned. This 30% land reserve for subsidized housing has gone completely unnoticed during the plan's processing and public dissemination.
Green area
Furthermore, the plan includes 17,030 square meters of roads, a main green area of 8,531 square meters, and just over 1,000 square meters of additional open space not included in the development plan, located next to Avenida de las Cortes Valencianas. In total, the land dedicated to roads and green areas represents approximately 43.4% of the plan. However, this development will not create the large green space still pending in the strip of land between Aguas Nuevas and Avenida de las Cortes Valencianas, extending to the intersection with Avenida de Castilla-La Mancha. The residents of Aguas Nuevas — the area where this green space was originally intended — will once again have to settle for the periodic clearing of the land by the City Council and the dozen or so trees planted in recent decades.
The fixed urbanization costs, which cover the cost of building the infrastructure before selling the urban plots, amount to approximately €3.25 million including VAT. This figure includes the urbanization works themselves — sidewalks, roads, sanitation, stormwater drainage, and street lighting — the sanitation fee, technical fees, and management expenses. The land readjustment documentation also includes an estimate of the value of the residential sector once developed. It is a small but profitable sector within the typical market for second homes in Torrevieja, in this case overlooking the salt lagoon. The total sale value is estimated at €27.77 million, of which € 21.40 million corresponds to market-rate housing and €6.37 million to subsidized housing.
Initial agreements
The plan has been in the works for over three decades. The first municipal agreements approving it in plenary session date back to 1992, with subsequent provisional approvals in 1993 and 1995. The Territorial Planning Commission definitively approved the Special Plan for Urban Renewal (PERI) in January 1998, although conditional upon the presentation of a consolidated text. Its effective publication came years later, in 2005, and the City Council approved an amendment to the Special Plan for Urban Renewal (PRI) in 2008 to adapt the planning to the road network and the physical reality of the surrounding area. Nor was the management process straightforward. In 2009, a procedure was initiated to develop the area through indirect management; in 2013, the Integrated Action Plan (PAI) was approved, and Cauce Actividades Urbanísticas, SL was appointed as the developer, but the company ultimately withdrew.
In 2019, the council accepted this resignation and cancelled the program. The current phase began in 2020, with the initiative of Marcos y Bañuls, SL, the company of the Orihuela businessman best known for its car dealerships, which assumed the role of urban development agent under a management agreement with the owners. The Local Governing Board approved the Integrated Action Program and the urbanization project on October 13, 2023, and assigned the role of urban developer to Marcos y Bañuls.
The final administrative step was taken in February of this year, when the Local Governing Board definitively approved the Consolidated Text of the Land Redistribution Project for Enclave 3-PRI Montecarlo. This agreement, dated February 6, 2026, mandates its publication and subsequent registration once final, and also requires the developer to complete the final guarantee up to 5% of the urbanization costs, amounting to €81,439.60.