Billionaire Patrice Pastor says he 'can't understand' why locals in Carmel are 'so worried' that he's snapped up $100M worth of seaside properties - as he makes clear: 'I LOVE the town!'

Pastor claims he loves the town and wants to 'protect its unique character' Monaco real estate billionaire Patrice Pastor has said he 'cannot understand' why locals are 'so worried' about him buying up properties in the small village of Carmel-by-the-Sea. Monaco real estate billionaire Patrice Pastor has bought over a dozen properties in the small town of Carmel-by-the-Sea, California Pastor reportedly bought a Frank Lloyd Wright home in Carmel for $22million - it is the only ocean front home by the architect Rocky Point is one of the development projects Pastor is working on Pastor now owns more than 15 properties according to SFGATE, with one anonymous third-generation local telling the outlet 'people are terrified' that they are 'handing over our town to one person who’s doing what he wants to do.' The tycoon paid $13.9 million for the L’Auberge Carmel Hotel on Monte Verde Street The luxury Carmel Beach Hotel is one of the few within walking distance of the beach The Eastwood Building once once owned by movie star Clint Eastwood and rumored to be the reason he ran for Mayor of Carmel in 1986 The Forge in the Forest is an 8,000 square foot restaurant in downtown Carmel Pastor's latest purchase was the historic $7.5million La Rambla building made up of two apartments and two commercial spaces. Pastor and his wife in 2015 at the Monaco Foundation dinner in London with Marc Lecourt and his wife The Ulrika Plaza project is a 38,000 square foot mixed-use, retail and residential, new build development The JB Pastor project is a 30,000 square foot mixed-use, retail and residential, new build development - currently in the planning stage And he owns notable buildings including L’Auberge Carmel Hotel, the Brown-Spaulding Building and the Eastwood Building. Billionaire property developer Patrice Pastor has been dubbed 'The Octopus' in his native Monaco, and left locals terrified of his ambitions in the Californian village of Carmel Princess Charlene of Monaco and Prince Albert Of Monaco after their wedding in 2011 The building has two apartments upstairs and two commercial spaces downstairs and sold for $7.5million Pastor is notorious for his feud with Monaco's crown prince which has been raging since 2021.