The construction site was a naval shipyard named Arsenal, which fell into disuse after the Yugoslav Wars and the decline of the SFR Yugoslav Navy. The attractive lot on which the shipyard is situated was put on public offering in 2006, and was bought by Canadian businessman Peter Munk.
It was acknowledged in 2008 that he was not alone in the venture – while Munk owns 54% of the Porto Montenegro company, the rest is owned by Oleg Deripaska, Nathaniel Rothschild, Jacob Rothschild, Bernard Arnault, Sandor Demijan and Anthony Munk. Munk announced that he intends to build a luxury yacht marina and a waterfront community, which would cater to needs of growing community of super yacht owners. The favorable position of Tivat in the secluded part of the Boka Kotorska (Bay of Kotor), together with the proximity of Tivat Airport, makes it favorable location for a marina. Porto Montenegro is the first comprehensive state-of-the-art deep water marina in the Adriatic Sea. It will eventually offer over 600 berths of all sizes – at least 130 reserved for yachts of over 30 meters – as part of a full-service community of luxury apartments, shops, restaurants and other sports and entertainment amenities. The marina will have berths for 650 yachts, 150 of them super yachts, up to 150m long. Porto Montenegro is a phased development, currently there are 185 marina berths, five mixed-use buildings containing 130 luxury residences, over 20 retail outlets, a full sports facility, yacht club, 64m infinity pool and lounge bar named the Lido Mar, a naval heritage museum, and a planned waterfront 5-star boutique hotel. Following phases are to be developed in line with demand. Projects related to Porto Montenegro include an 18-hole golf course in the vicinity of Tivat Airport, and a possible acquisition of Bijela shipyard by Peter Munk, which should serve as a yacht maintenance facility.
Following an international architectural competition, Reardon Smith Architects was appointed to master plan and design the entirely new marina resort and residential community of Porto Montenegro. A key to their success in winning this extraordinary project was the team’s interpretation of the town planning and massing of several historic towns in the region. The proposal respected both the local architectural inheritance and the natural habitat while creating something genuinely new and avoiding pastiche. In master planning the resort, the practice took as its guiding influence the seminal work of American urban planner Kevin Lynch, who described the human need to balance clarity and surprise in the city environment. Virtually all the existing structures will be demolished and their stone and brick crushed to form aggregate; timbers will also be re-used. New construction will predominantly be in local stone and render with roofing in terracotta and clay tiles.
Porto Montenegro opened with 85 berths in June 2009. It has completed a further extension to accommodate its waiting list and now features 185 berths, Port of Entry status, and duty and tax-free fuel. The capacity will increase year-by-year to a total of circa 600 berths ranging from 12 to 150 meters LOA. Porto Montenegro’s Yacht Assist provides a range of services to captains and crews, including: • onsite customs and immigration • duty and tax-free fuel • single and 3-phase electricity • wireless internet • 24-hour security • laundry facilities • refuse/grey & black water disposal • full provisioning • sports club • multi-lingual staff Porto Montenegro is a 5 Gold Anchor marina with pro visionary Blue Flag status.
Yacht friendly regulations
Montenegro’s simplified Law on Yachts is the Mediterranean Sea’s most yacht-friendly legislation. It allows charter yachts to take advantage of a user-friendly vignette system enabling multiple entries and frequent changes to the passenger and crew manifest. A low tax rate, reduced VAT on marine goods and tax and duty-free bunkering also serve to make Porto Montenegro a financially advantageous home port and charter base.
Already home to an international community, Porto Montenegro offers collection of waterfront and promenade homes. Designed by Tino Zervudachi of Milinaric, Henry & Zervudachi (MHZ), and with landscaping by Martin Lane Fox, previously Vice Chairman of the UK’s Royal Horticultural Society, the homes unite traditional architecture and contemporary lines with soft colours, stone and hardwoods.
Porto Montenegro’s introductory residential offering, Teuta, features 29 waterfront homes, all with sea and mountain views overlooking the harbour. Located at the foot of Jetty One, these residences sold out within a few weeks of their release in 2009. Named after the Illyrian queen who reigned from 231 BC – 227 BC, Teuta features Porto Montenegro’s first shops on the ground floor, including a restaurant, wine store, chandlers, furniture & home decoration store, bookstore, yacht broker and agent office, as well as Porto Montenegro’s own sales office.
Ozana is a waterfront apartment complex named after the 15th Century shepherdess venerated as a Saint. The 23 high-specification studios and 1-3 bedroom residences feature an elevated courtyard, a pool and a landscaped garden.
Zeta is situated on the pedestrian boulevard of Porto Montenegro Village. Residences enjoy garden terrace spaces and west-facing views to the waterfront. Zeta offers a range of 22 studios, as well as 1 and 2 bedroom residences. The building is equipped with a rooftop pool, while the ground floor features an array of shops, a spa, hair salon and bakery.
A collection of nine homes, named after the Queen under whose rule Montenegro gained independence, the residences are located between the 10-acre Captain’s Park and the palm tree-lined village walkway. Milena offers studios, 1 to 3 bedroom residences and three duplexes. This building is distinguished by a cascading water feature.
Located on Venice Square, Tara is named after Montenegro’s Tara River Canyon, the second deepest canyon in the world after the Grand Canyon in the United States. Tara features studios, 1 to 4 bedroom apartments and duplex penthouses private rooftop pools. Tara offers views and direct access to Porto Montenegro’s marina on both sides.
Shops and Restaurants
Each residential building complex contains shops and restaurants on its ground floor. From chandlers to fashion boutiques, waterfront cafés, bars and restaurants, the village is designed to appeal to a wide clientele all year round. Summer seasons will also feature a selection of international temporary or ‘pop-up’ shops such as swimwear brand Heidi Klein and London concept store Wolf & Badger.
Lido Mar Pool
This 64m infinity edge pool and lounge bar cantilevered over the sea was designed by Richard Hywel Evans and features a 3m-high Jaume Plensa sculpture entitled ‘8 Possibilities’.
Porto Montenegro’s five-star Regent Hotel with serviced apartments on the marina village waterfront opened August 2014. It provides hospitality and leisure facilities catering to the needs and expectations of an exclusive clientele. The style of the Regent Porto Montenegro’s building and gardens, designed by ReardonSmith Architects and ReardonSmith Landscape, responds to the classical manner of the grand palazzos of the Italian lakes.
The Porto Montenegro Sports Club has a fully equipped fitness center, squash court, outdoor tennis courts, bowling, billiards, yoga, and table tennis. The tennis courts comply with ITF standards and lessons are available via reception.
Porto Montenegro’s Yacht Club is the hub of all yachting activities in the marina, organizing regular competitions, races, regattas, special events and lessons. The ‘PMYC’ offers facilities such as meeting rooms, a lounge area and library, as well as access to the Sports Club, curry nights, movie nights, and other social events.
Naval Heritage Collection
Reflecting the country’s rich naval history and maritime traditions, the Naval Heritage Collection showcases over 300 artifacts, from rare, fully restored, Yugoslavian submarines to the diaries of Princess Xenia. A rich selection of items is on show from the original Arsenal, established over one hundred years ago as an Austro-Hungarian, and subsequently, Yugoslav naval base.
Knightsbridge International School
An international school has been established to support the educational and development needs of the growing community of expatriate residents of Porto Montenegro. In partnership with Knightsbridge Schools International, a leading London-based school group, children have access to an international education of the highest standard (International Baccalaureate) within the Porto Montenegro facility. It is the first boarding school in Montenegro.