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.
Tuesday, February 19, 2008
New Tel Aviv high-rise to be eco-friendly
Richard Meier is designing the 101-meter high-rise to become an iconic landmark.
Berggruen Residential Ltd. (TASE:BRGN.B1) plans for its luxury Meier Tower on Rothschild Boulevard in Tel Aviv to be eco-friendly. The 101-meter, 27-storey high-rise is being designed by Pritzker Prize winner Richard Meier.
Berggruen hopes that an eco-friendly design will attract members of Israel's wealthy elite for whom environmental awareness is important. The building's design will incorporate features to maximize natural light and improve the use of artificial light, save water, and maintenance.
Berggruen Residential Ltd. (TASE:BRGN.B1) plans for its luxury Meier Tower on Rothschild Boulevard in Tel Aviv to be eco-friendly. The 101-meter, 27-storey high-rise is being designed by Pritzker Prize winner Richard Meier.
Berggruen hopes that an eco-friendly design will attract members of Israel's wealthy elite for whom environmental awareness is important. The building's design will incorporate features to maximize natural light and improve the use of artificial light, save water, and maintenance.
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