Heavy machinery has entered the PRI Montecarlo development area in northern Torrevieja, east of avenida de las Cortes Valencianas and close to Aguas Nuevas. Fencing work has begun after more than three decades of administrative delays. The scheme covers 61,161 square metres and will provide up to 104 homes, with an estimated population of 260 people.

The plan will turn an old collection of small private plots into four residential sites, a central green area and connecting roads. It includes 10,378 square metres reserved for protected housing, including 4,000 square metres owned by the council. A further 24,217 square metres is allocated to unrestricted housing.

The development also includes 17,030 square metres of roads, an 8,531-square-metre main green space and more than 1,000 square metres of additional open space. Fixed urbanisation costs are estimated at about €3.25 million, including roads, pavements, drainage, lighting, technical fees and management.

The project has faced complications over ownership, including a 14,434-square-metre plot whose owner is unknown. The council holds rights to that land provisionally, on behalf of anyone who can prove a stronger claim. The latest development programme was approved in October 2023, with Marcos y Bañuls appointed as the urbaniser. The work will complete a gap in the established residential area, but will not deliver the larger planned green corridor between Aguas Nuevas and avenida de las Cortes Valencianas.