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The construction site was a naval shipyard named Arsenal, which fell into disuse after the breakup of Yugoslavia and the decline of the Yugoslav Navy. The 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 superyacht owners. The position of Tivat in the secluded part of the Bay of Kotor, together with the proximity of Tivat Airport, makes it favourable location for a marina.
Porto Montenegro is the first comprehensive state-of-the-art deep water marina in the Adriatic Sea. The marina will have berths for 650 yachts, 150 of them super yachts, up to 150m long. These will be part of a full-service community of luxury apartments, shops, restaurants and other sports and entertainment amenities.
Porto Montenegro is a phased development: there are now 185 marina berths, five mixed-use buildings containing 130 luxury residences, over 20 retail outlets, a full sports facility, yacht club, 64 meter infinity pool and lounge bar, a naval heritage museum, and a waterfront boutique hotel.
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 could serve as a yacht maintenance facility.
Following an international architectural competition, ReardonSmith Architects was appointed to master plan and design the marina and residential community of Porto Montenegro. The firm's proposal claims to respect both the local architectural inheritance and the natural habitat in building the new resort. The firm was partially inspired by the work of American urban planner Kevin Lynch.
Virtually all the existing structures were demolished and their materials crushed to form aggregate. Construction is predominantly in local stone, 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 metres LOA.
The marina provides various services:
- 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
Porto Montenegro is a 5 Gold Anchor marina with provisional Blue Flag status.
Already home to an international community, Porto Montenegro offers collection of waterfront and promenade homes. The homes were designed by ReardonSmith Architects, with interiors created by Tino Zervudachi of Milinaric, Henry & Zervudachi (MHZ), and landscaping by Martin Lane Fox. More recently the award-winning landscape and urban designer, Ed Freeman FRSA of ReardonSmith Landscape has played a key role by designing the Milena, Tara and Ksenija phases at Porto Montenegro whilst also designing the gardens at Regent Hotel Porto Montenegro.
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, chandlery, furniture & home decoration store, bookstore, yacht broker and agent office, as well as Porto Montenegro’s sales office.
Ozana is a waterfront apartment complex named after the 15th Century shepherdess venerated as a Saint. The 23 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 include garden terrace spaces and west-facing views to the waterfront. Zeta includes 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 includes 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. 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. These businesses include chandleries, fashion boutiques, waterfront cafés, bars and restaurants. Summer seasons include 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. The Regent Porto Montenegro's building and gardens are built in the style of the grand palazzos of the Italian lakes.
The Porto Montenegro Sports Club has a fully equipped fitness centre, 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.
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 exists to serve the community of expatriate residents of Porto Montenegro. The school was developed in partnership with Knightsbridge Schools International, a London-based school group. The school provides the International Baccalaureate programme within the Porto Montenegro facility. It is the first boarding school in Montenegro, mainly serving foreign residents.
The Heidi Klein cabana sells a range high-end swimwear, clothing and accessories.