Currently undergoing excavation, the 49 storey skyscraper should be completed in 2014.
Local newspaper Nice Matin reports today on the progress of the Tour Odeon. In spite of the cramped site:
There are currently 50 workmen, but by 2012, the number is likely to increase to 500.
Links:
[1] http://www.nicematin.com/ra/monaco/242984/monaco-le-chantier-de-la-tour-odeon-respecte-son-calendrier