Tuesday, February 19, 2008

Ramat Gan's Elite landmark

There is no visible border between Tel Aviv and Ramat Gan, except perhaps the huge high-rise buildings that have sprung up in recent years to give Ramat Gan something like a Manhattan skyline.

In 2006, the Elite chocolate plant building was sold to Sonny Kahan of Crescent Heights, a Miami-based real estate developing company, for $44 million. Crescent Heights announced that it would build a luxury tower with real estate mogul Donald Trump.
After a tremendous amount of media hype about a Trump Tower going up in Israel, the project was shelved and the property was resold last year to Azorim, which is controlled by Boymelgreen Capital. The new project, the Azorim Elite Tower, will either be the tallest tower in Israel or else will be tied for that honor when completed.

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