so this tower will build in Rotshield
http://telavivinf.com/prat/future/mig/fini/pic3.jpg

That site was listed as being on hold for some time, though it will get more floors.

http://www.telavivinf.com/prat/future/mig/fini/pic6.jpg

Tel Aviv is booming;)
http://img259.imageshack.us/img259/7466/pict01095fi.jpg

so this tower will build in Rotshield
http://telavivinf.com/prat/future/mig/fini/pic3.jpg


So whats the case with this building??
IS it going to be build in the end or its it still gonna be on hold.
it is nice though on any case..

it's going to be build

:) BON BONIM!!!!!!!

hahaha;)

Here are some new projects

Congress Centre
http://www.tam.co.il/18_11_2005/images/model.jpg

Assuta Hospital Towers
http://img255.imageshack.us/img255/6458/6323058080212500007027da.jpg

Wow those are some cool skyline shots of Tel Aviv, good that it's in a boom.

I always thought that Tel Aviv was a nice looking city,

Just to give some updated progress on the projects.

Rennovation of 34 Kaplan St
http://img411.imageshack.us/img411/6920/664299821dh.jpg

Mosses Br
http://img411.imageshack.us/img411/6361/66

Yoo Towers
http://img411.imageshack.us/img411/5545/664368282px.jpg

Hashoftim Tower
http://img411.imageshack.us/img411/1272/664372053hr.jpg

BONUS: A recent pano of the Tel Aviv metro area
http://www.pbase.com/beivushtang/image/51012291/original.jpg

Just to give some updated progress on the projects.

Rennovation of 34 Kaplan St
http://img411.imageshack.us/img411/6920/664299821dh.jpg

]

it's not really rennovation ,they are going to increase this road(Kaplan)


http://img318.imageshack.us/img318/2551/kaplanwa1re.jpg (http://imageshack.us)

http://www.globes.co.il/serveen/
Israel Railways ups revenue projection

Revenue is projected to exceed NIS 1 billion in 2006.

Globes’ correspondent 28 Nov 05 15:58

Israel Railways’ board of directors, chaired by Moshe Leon, yesterday approved its budget for 2006. Under the budget, revenue is projected to exceed NIS 1 billion, 17% above the revised estimated for 2005.

Israel Railways’ development plan calls for the opening of a third track along the Ayalon in Tel Aviv, and a second track on the Kfar Saba-Tel Aviv line. Two new stations will also be opened: Sokolov in Kfar Saba, and Kiryat Arie in Petah Tikva.

Israel Railways expects to carry over 30 million passengers in 2006, 12% more than in its revised estimated for 2005. It also expects to carry eight million tons of cargo, 12% more than in its revised estimated for 2005.

Leon said, “The 2006 work plan places great emphasis on expanding passenger services. At the same time, we are working on meeting high demand by significantly increasing equipment.”

Published by Globes [online], Israel business news - www.globes.co.il - on November 28, 2005

Yoo towers

http://img513.imageshack.us/img513/3913/667020469vh.jpg (http://imageshack.us)
http://img513.imageshack.us/img513/4397/667015229st.jpg (http://imageshack.us)

^^Looks great!!!and just imagin how it will look after 14 floors more!!!!cant wait to see how this one will look!!

why 14?

Unfortunately, another house on Kaplan St is also being demolished, and this one is right by the Kirya Tower, which probably for the same purpose as the other one near it.

http://img285.imageshack.us/img285/1092/68330311874aa24a94o5go.jpg

Yoo towers

http://img513.imageshack.us/img513/3913/667020469vh.jpg (http://imageshack.us)
http://img513.imageshack.us/img513/4397/667015229st.jpg (http://imageshack.us)


Great pics!!

thanx;)

tel aviv is sweet way to go:)

why 14?
They are on the 27th floor, and the tower is 41 floors high, you do the math.

I am not sure what are the plans for this building that sits in the shadow of the newly-built Sonol Tower. However, it is slated for rennovation, but I am sure what kind of rennovation it will be. Either it will just have its interior and windows changed, or they could be building a skyscraper by using it as a base. For now, I have no idea what the plan will be.

http://img474.imageshack.us/img474/1713/666361365yw.jpg

They are on the 27th floor, and the tower is 41 floors high, you do the math.

it must be 39 no?

]http://img513.imageshack.us/img513/4397/667015229st.jpg[/URL][/QUOTE]

http://img455.imageshack.us/img455/3821/sthisbuildinginindia4dv.jpg[/QUOTE]

Dont these two buildings look a bit similar. :)

they are...

What you mean?

i mean yes they look similar
where is from second building?

Discount bank
http://img210.imageshack.us/img210/8530/telaviv0146lv.jpg (http://imageshack.us)

http://img210.imageshack.us/img210/5308/telaviv0560kg.jpg (http://imageshack.us)

i mean yes they look similar
where is from second building?

Do you mean where is the second building from?

If yes: It's from New Delhi (INDIA)

:)

ok:)

ok:)

lol

neve tzedek tower
http://img179.imageshack.us/img179/6214/neve8we.jpg (http://imageshack.us)

Its metro cities tend to be getting some new projects as well.

Maoz Daniel Tower, Ramat Gan
http://img428.imageshack.us/img428/1012/2149470qj.jpg

Village on the Sea, Rishon Lezion
http://img523.imageshack.us/img523/6688/2042704ok.jpg

Top Gan, Ramat Hasharon
http://img331.imageshack.us/img331/2186/2094233ni.jpg

Exhibition Center, Ramat Gan
http://www.ynet.co.il/PicServer2/01082004/675566/3.jpg

Alponia, Herzeliyah
http://img403.imageshack.us/img403/8444/2210970ye.jpg

Petah Tikva Library and Tower, Petah Tikvah
http://img408.imageshack.us/img408/633/library1od.jpg

Kiryat Areih Train Station, Petah Tikvah
http://img408.imageshack.us/img408/7392/trainstation5zu.jpg

Holon Academic College, Holon
http://img356.imageshack.us/img356/5955/knafoclimor7zh.jpg

Lev Hapark Towers, Petah Tikvah
http://img292.imageshack.us/img292/310/13qd2.jpg

Grand Gindi Phase 2, Petah Tikvah
http://img386.imageshack.us/img386/391/untitled106xd.png

Jabutinisky Tower, Ramat Gan
http://www.assa.co.il/jpgs/hirise/wmoldav2.jpg

Dan Center, Ramat Gan-Bnei Brak
http://img2.tapuz.co.il/forums/59287931.jpg

I like the Ramat Sharon building..small basic and nice ;)

especially the top floors :)

Ramat Hasharon is the best:)

http://www.globes.co.il/serveen/
Tel Aviv rail tender changes will cut up to NIS 1b in costs

3 consortia are participating in the light railway tender: MTS, Spidan, and Metro Rail.

Gal Nissim 6 Dec 05 12:35

Changes made by Ministry of Finance deputy Accountant General Haggai Miller in the tender for the Tel Aviv light railway will cut the cost of the project by NIS 500 million-1 billion. The changes were announced on Sunday.

The underlying change was to reduce the length of the railway’s underground stations from 105 meters to 70 meters. In addition, the Bat Yam-Jaffa section of the railway will be opened early and the franchisee will be allowed to make preliminary plans before closing financing. The tenders committee will allow the winning franchisee to generate synergetic revenue, which could cut the cost of the project.

These improvements are expected to cut the cost of the Tel Aviv light railway by 5-10%, or between NIS 500 million and NIS 1 billion. The tenders committee also set February 27, 2006 as the deadline for submitting bids.

Three consortia are presently participating in the tender: the MTS group, Spidan, and the Metro Rail group. The tenders committee is due to pick the winner in June. The tender was postponed after the participants promised Accountant General Dr. Yaron Zalika that they would meet the deadline.

The improvements in the tender were made on the basis of a report by Louis Berger Group Ltd. of the UK, which claimed that the project could be made cheaper and that the timetable could be shortened.

Published by Globes [online], Israel business news - www.globes.co.il - on December 6, 2005

80 skyscrapers are planned (40 FL. - 102 FL.),some approved ,for Tel Aviv and more towers in TA metro area in Ramat Gan and in Givataym

Elhanan towers

two new residential towers are planned at Elhanan Street (25F, 35F):

http://img467.imageshack.us/img467/1746/10631xm.jpg (http://imageshack.us)

http://img467.imageshack.us/img467/5448/10626uc.jpg (http://imageshack.us)

http://www.telavivinf.com/prat/future/mig/elchanan/pic1.jpg

http://www.telavivinf.com/prat/future/mig/elchanan/pic2.jpg

Here some big projects for its burbs.

New tallest for Givataim (It's the area that's circled)
http://i32.photobucket.com/albums/d18/goodmood10/newbuilding.jpg

Petah Tikvah Business Zone
http://img246.imageshack.us/img246/2559/10800zw.jpg

you forgot to write 2 buildings with 51f in Givataim(Tel Aviv)

and 31 towers in this area in Petah Tikva

Are there any figures on the occupancy rate for commercial office space in the metro Tel Aviv?

I would also be interested in finding out the average rental charge on a square foot or square meter of commercial office space in metro Tel Aviv?

I want to use this info to compare the availability and cost of office space in Israel compared to other cities around the world.

Are there any figures on the occupancy rate for commercial office space in the metro Tel Aviv?

I would also be interested in finding out the average rental charge on a square foot or square meter of commercial office space in metro Tel Aviv?

I want to use this info to compare the availability and cost of office space in Israel compared to other cities around the world.

I did some research but didn't find direct or exact figures about this issue.

I have found that in Tel Aviv municipality alone (360,000 people out of 3 mil. in metro )
are some 6.6 mill. square meter of offices and commercial use .

the rental charge for office space is between 8 $- 20 $ per square meter.

Announced 7/12/05: Israel's second tallest tower commences

Givatayim Business Center is underway - Eurocom announced today a construction of a 51 floor tower, 41,000 sqm, the first in Givatayim Business Center. Cost will be $50 million, plot cost 13.4 million$.
each floor - 850 sqm, 47 business floors. another building of 12,000 sqm meters for parking.
The tower is for the main management of Eurocom,
one of the country's leading communication companies..

The next to be built in future:
1) another 51 floor office tower
2) 24 floor office tower with 27,500 sqm.
3) three 21 floor residential towers.
4) 16 floor residential tower
5) 10 floor old age home

Givatayim mayor: after many years, givatayim is getting a business center and we wont be only a sleepy suburb next to ramat gan and tel aviv.

I did some research but didn't find direct or exact figures about this issue.

I have found that in Tel Aviv municipality alone (360,000 people out of 3 mil. in metro )
are some 6.6 mill. square meter of offices and commercial use .

the rental charge for office space is between 8 $- 20 $ per square meter.

Thanks for the info.

If you could find out what the occupancy rate is for office space built in the last ten years in the Ramat Gan central business district I think that would be useful for making a comparison with other cities around the world.

^^ occupancy rates have been 90 percent in towers pre-2000 high tech slump, and new towers after that have been 60-70 percent occupied.

But some deals lately show the market is strenghening, still demand for residential far outsrtips office highrises. The Towers being built in Tel Aviv are currently only headquarters for specific firms like banks or Eurocom etc, and not office towers to let because prices are still low at 12-15$ a meter.

^^$12-15 per square meter is about $130 to $160 per square foot!! The priciest buildings in metro Atlanta rent for about $34 per square foot. Midtown Manhattan and Washington, D.C. would be comparable to the cost of Tel Aviv. The West End of London would be about twice as expensive, however.

actually tel aviv is not that expensive:

tel aviv: $ 31.35 per sq ft/per year

compared to atlanta: $ 20.89


compared to the top 50 (CB richard ellis, august 2005)

http://img412.imageshack.us/img412/6940/cbre3mp.jpg

woow London is so expensive...!!

nice for Tel Aviv

London is so expensive and yet the bloody ofices keep coming. I wish they would just bog off for a while and allow a few mixed use and Resi buildings to be built. Central London is turning into a hideous, dull and dead world of 9-5 giant office buildings... ech.

I have to admit that this is pretty big for a retirement home in Rishon Lezion.

http://img426.imageshack.us/img426/1715/673947469jj.jpg

Tel Aviv withdraws Mann Auditorium renovation plan

Tel Aviv Mayor Ron Huldai said he would refer the problem to UNESCO.

Ron Paz 11 Dec 05 12:21

Last week, the Tel Aviv municipality withdrew a plan from the local planning and building commission to renovate Mann Auditorium. Tel Aviv Mayor Ron Huldai said that, at public request, he was suspending the plan, and referring the matter to a United Nations Educational, Scientific and Cultural Organization (UNESCO) committee.

The renovation plan aroused a major dispute between the planners and the supporters of building preservation in Tel Aviv. The municipality, which advocated renovation, asserts that the current building is outmoded, and suffers from severe acoustic problems. With all due respect for its preservation, the municipality asserts that the building’s main purpose is to serve the public, and without thorough renovation, the building cannot be used. Some officials of the Israel Philharmonic Orchestra supported these claims.

The municipality also asserted that the planned changes were minor external ones, and would not be noticed. It noted that the building was not marked for strict preservation, and that changes were therefore possible. Preservation circles, however, joined by architects and intellectuals, asserted that the municipality had promised UNESCO before the White City of Tel Aviv was officially declared a UNESCO World Heritage List site that no changes would be made in buildings included in the declaration. They further claimed that the planned changes within the hall, and changing its form from a fan to a rectangle, would make one Israel’s cultural symbols unrecognizable.

They said that thorough renovation was necessary, but that the hall’s external appearance should not be altered, nor the ceiling raised, nor its façade on Dizengoff Street.

Published by Globes [online] - www.globes.co.il - on December 11, 2005

http://www.globes.co.il/serveen/
Clal Insurance buys Ackerstein Tower for $31m

The 11-storey building in Herzliya Pituah is under construction. It is the third building in a joint project by Industrial Building and Ackerstein Industries.

Guy Yamin 15 Dec 05 16:22

Clal Insurance Enterprises Holdings Ltd. (TASE: CLIS) is pursuing its campaign to acquire income-producing properties in Israel. It is buying the Ackerstein Tower on Hagalim Blvd. in Herzliya Pituah for $31 million, or $1,900 per sq.m.

The Ackerstein Tower, also known as Building C, is under construction; it is the third building in a joint project by Industrial Building Corporation Ltd. (TASE:IBLD) and Ackerstein Industries Ltd.. When completed, the 11-storey building will have nine floors of office space, and a separate lobby above a 1,000-sq.m. commercial floor and 400 underground parking places. Clal Insurance will receive the building with high-quality finishing, on the basis of Industrial Building and Ackerstein Industries agreed-upon blueprint. Industrial Buildings is building the project.

The $31 million price tag is based on a price of $1,800 per sq.m. of office space, $1,000 per sq.m. of commercial space, and $13,300 per parking place.

Six years ago, Industrial Building bought a lot zoned for four office buildings from Ackerstein Industries in a 42% deal.

Published by Globes [online], Israel business news - www.globes.co.il - on December 15, 2005

http://www.globes.co.il/serveen/
Receiver offers Zameret Park lot for sale

The lot has been assessed at $23 million. Canada Israel Development, Habas HZ Investments and Ocif Investments and Development will reportedly make bids.

Guy Yamin 11 Dec 05 11:17

Tel Aviv’s Zamaret Park neighborhood, now under construction on one of the country’s most expensive land reserves, is highly sought after by developers and investors. At a time when almost no lots in the neighborhood are on the market, receiver Adv. Gad Frankel, representing a consortium of 12 individuals, is offering lot 11 for sale. The 3.7-dunam (0.925-acre) lot is zoned for 164 apartments in a 38-storey high-rise with 30,000-sq.m. in gross space. The sellers petitioned the court two months ago to liquidate their consortium.

Frankel hired an assessor, who valued the lot at NIS 108 million ($23 million), or $140,000 per land per apartment.

Sources inform ''Globes'' that Canada Israel Development Corp., which bought the adjacent lot 10 for $21 million a few months ago, will bid in the tender jointly with real estate broker Roni Maneh. Habas HZ Investments (1960) Ltd . (TASE:HABS) and Ocif Investments and Development Ltd. (TASE:OCIF), which are currently bidding to buy another lot in Zameret Park, will also probably bid for lot 11. Ocif recently bought a seven-dunam (1.75-acre) lot in Zameret Park, zoned for a high-rise with 127 apartments, for $20 million. Habas is building the luxury YOO project and BSR Engineering and Development Ltd. is building the Manhattan project nearby.

Published by Globes [online], Israel business news - www.globes.co.il - on December 11, 2005

Just to keep up the progress in the area.

First Intl Tower
http://img388.imageshack.us/img388/9859/pict00305yi.jpg

Bank Discount Tower
http://img388.imageshack.us/img388/5688/pict00158rt.jpg

Not sure if this a rennovation or demolition
http://img388.imageshack.us/img388/5774/pict00559kw.jpg

Hanger 9 rennovation
http://img2.tapuz.co.il/forums/67823910.jpg

New entrance to the Azriely Center
http://img2.tapuz.co.il/forums/67835792.jpg

Yoo Towers
http://tinypic.com/ilgn5w.jpg

Manhattan Tower
http://tinypic.com/ilgnk5.jpg

Shalom Meir Tower rennovation
http://img388.imageshack.us/img388/3150/pict00084is.jpg

http://www.globes.co.il/serveen/globes/docview.asp?did=1000041054&fid=942
Matthew Bronfman bids for Rishon Le-Zion lot

A second IKEA Israel branch will be erected on the lot, as the anchor for a new power center.

Guy Yamin 19 Dec 05 12:41

Matthew Bronfman is in advanced negotiations with the Rishon Le-Zion municipality and the Israel Land Administration (ILA) to buy a 40-dunam (10-acre) lot in the south of Rishon Le-Zion, on the municipal border with New Ziona. Bronfman is expected to erect a power center on the lot, including a second Israeli branch of Swedish furniture chain IKEA, at an investment of some $60-80 million.

The report came at a conference of developers held by the Israel Building Center together with Rishon Le-Zion mayor Meir Nitzan and city engineer Sima Kushnir. Nitzan and Kushnir said that IKEA had concluded its negotiations with the municipality, and that all that remained was for the company to agree the principles and outline of the deal with the ILA.

Bronfman is thus entering real estate dealings in Israel, after leading the consortium that bought the state's stake in Israel Discount Bank (TASE: DSCT), and buying into the retail sector, with holdings in Blue Square Israel (NYSE: BSI ; TASE: BSI) and ownership of the IKEA Israel franchise.

The second IKEA branch will stretch over 28,000 square meters, making it larger than the original branch in Netanya. The Bronfman group can expect to benefit from the high demand for the rest of the commercial space on the Rishon Le-Zion lot deriving from IKEA's presence.

IKEA Israel had sales of NIS 345 million last year, and made a net profit of NIS 35 million. This year's sales are expected to be about 8% higher.

Published by Globes [online], Israel business news - www.globes.co.il - on December 19, 2005

http://www.globes.co.il/serveen/globes/DocView.asp?did=1000040946
Oded Dessau buys 50% of EMD for $75m

The company’s assets include a Tel Aviv parking lot zoned for 190 housing units and 145 parking spaces.

Guy Yamin 18 Dec 05 17:16

At the end of last week, OD Diamonds International general manager Oded D. Dessau bought 50% of EMD Real Estate Development and Investment from the Dan Cooperative Society for Public Transport. The purchase, made through Golan Fine Crafts, was at a company value of $150 million.

A few months ago, Dessau negotiated with Mediterranean Properties and Investments (MPI), controlled by chairman Eyal Yona and Amnon Barzilai, to buy 22.5% of EMD for NIS 75 million, reflecting a company value of NIS 433 million. However, Dan Cooperative exercised its first refusal rights to buy MPI’s stake in EMD. EMD’s value in the current deal with Dessau is more than 50% higher.

EMD’s assets include a parking lot in Bat Yam zoned for 25,000 sq.m. of offices, a parking lot on Arlosorov Street in Tel Aviv zoned for 190 housing units and 145 parking spaces, an Avis Israel parking lot in Ramat Gan zoned for 9,000 sq.m., part of a Dan Cooperative parking lot in Shikun Dan in Tel Aviv, and a controlling interest in Dan Rent-A-Car (Avis Israel).

Published by Globes [online] - www.globes.co.il - on December 18, 2005

http://www.globes.co.il/serveen/
Tel Aviv’s wholesale market to move to temporary site at Zerifin

The market has been rezoned for a 220,000 sq.m. residential, commercial and office complex, proceeds from which are estimated at $600-700 million.

Guy Yamin 18 Dec 05 13:15

The Tel Aviv municipality last week decided to close Tel Aviv’s wholesale market, located between Carlebach St. and Hashmonaim St., in February 2006, and move it to a temporary location at Tnuva Food Industries Ltd.’s premises at Zerifin, until a permanent market is built at Messubim Junction.

The Tel Aviv Local Planning and Building Board recently rezoned the 55-dunam (13.75-acre) wholesale market for mixed residential, commercial and office use. Under the new plan, 220,000 sq.m. in ten-storey and four 40-storey buildings will be built on the site. The space will include 100,000 sq.m. of commercial, office, and business space, public institutions, and public space; and 1,125 apartments covering an aggregate 120,000 sq.m. The project also includes a 3,500-space parking lot.

“Globes” recently reported that Shrem Fudim Kelner & Co. (TASE:SFK) was in advanced negotiations with Tnuva, which controls Tel Aviv Wholesale Market Cold Storage Ltd., to buy 30-50% of the wholesale market at a value of $75 million. Market sources estimate proceeds from the wholesale market project at $600-700 million.

Published by Globes [online], Israel business news - www.globes.co.il - on December 18, 2005

^^ the wholesale market or the four 40f market towers will be staring mid-2006

http://www.globes.co.il/serveen/
Railway development will exceed estimate by NIS 10b

Parsons Brinckerhoff: Budget overruns are due to non-optimal planning and incorrect estimates.

Gal Nissim 21 Dec 05 12:21

Sources inform ''Globes'' that there is a NIS 10 billion shortfall in the Israel Railways development plan. The final report by US consultancy agency Parsons Brinckerhoff states that Israel Railways will need an additional NIS 4 billion for projects in its five-year plan, NIS 1 billion for double tracks, NIS 2.5 billion for procurement, and NIS 2.5 billion for a fourth track along the Ayalon highway in Tel Aviv, which was not included in the original plan.

Most of the extra amount required is because estimates were exceeded. For example, under the development plan, the cost of the Kiryat Motzkin-Nahariya line, due to be completed in 2007, was NIS 260 million. Parsons Brinckerhoff says the line will cost NIS 600 million, and will be completed in 2010.

The Ben Gurion Airport-Modi’in line will also go over budget. Israel Railways estimates the cost of this line at NIS 1.2 billion; Parsons Brinckerhoff estimates the cost at NIS 1.45 billion. The high-speed Tel Aviv-Jerusalem line is also way over budget. Israel Railways says the line will cost NIS 2.5 billion; Parsons Brinckerhoff estimates the cost at NIS 3.7-3.9 billion. Parsons Brinckerhoff also predicts that the line will be completed in 2011, compared with Israel Railway’s promise of 2008.

The West Rishon LeZion line is also over budget. The original NIS 1.5 billion budget has been raised to NIS 1.7 billion, and the line is now 14 months behind schedule.

The audit finds that without a fourth track along the Ayalon, there is no point in expanding Israel’s rail network, because the fourth track is essential for Israel Railways’ ability to operate.

Parsons Brinckerhoff said Israel Railways’ development plan was based on non-optimal planning and incorrect estimates. It believes that Israel Railways must invest NIS 2.5 billion in equipment to reach a proper level of service.

The Ministries of Finance and Transport agree that a budget supplement for Israel Railways is essential. An initiative to cut projects and postpone timetables has been rejected at this stage. The proposed way for expediting the development plan is to increase budgets, extend the five-year plan by at least two years, and create a control system.

At the recommendation of Parsons Brinckerhoff, the Ministry of Finance Accountant General’s Office, in coordination with Israel Railways, is promoting a plan under which railway projects will be built according to milestones, in order to ensure close supervision, and prevent budget overruns and construction faults.

Israel Railways originally budgeted NIS 20 billion for its development plan: NIS 13.5 billion from the state, and NIS 6 billion to be raised in private placements. Many faults have been found in the development plan, party because of the haste in which it was written, poor planning, and changes required by planning committees.

Published by Globes [online], Israel business news - www.globes.co.il - on December 20, 2005

Some updated pans that beivushtang had put recently and notice the many cranes.

http://www.pbase.com/beivushtang/image/51012291/original.jpg
http://www.pbase.com/beivushtang/image/52128919/original.jpg
http://www.pbase.com/beivushtang/image/53733444/original.jpg

Wow Tel Aviv is going to have an amazing skyline once all of these are done.

I love the panoramic pictures AMAZING!

Yahud, another city in the Tel Aviv metro area will see some height with the Savyonim Towers being constructed.

http://img336.imageshack.us/img336/5136/1210vq.jpg

http://www.globes.co.il/serveen/
23,000 housing units to be built on IMI Hasharon site

The construction project, adjacent to Ramat Hasharon, Herzliya, Hod Hasharon, and the southern Sharon district, will be one of Israel’s largest.

Ron Paz 25 Dec 05 15:43

The joint Israel Military Industries (IMI) Hasharon district committee has approved for deposit a local outline plan on the IMI site in the Sharon region. The construction project, one of Israel’s largest, will cover 7,460 dunam (1,865 acres). It includes 23,000 housing units and 1.35 million sq.m. of business space.

The IMI Sharon site is part of the municipal jurisdictions of Ramat Hasharon, Herzliya, Hod Hasharon, and the Southern Sharon Regional Council. 4,650 dunam (1,162.5 acres) of the site is covered an IMI factory.

The plan’s goal is to redress the environmental damage caused by the IMI factory, decontaminate the land, and reclaim groundwater sources on the site.

Published by Globes [online] - www.globes.co.il - on December 25, 2005

http://www.globes.co.il/serveen/
Bat Yam expansion plan deposited

Projected proceeds from the project, which comprises 4,000 housing units, and thousands of hotel rooms, total $300 million.

Guy Yamin 25 Dec 05 14:25

Last Tuesday, lawyers representing three property associations deposited at the Tel Aviv District Planning and Building Commission a plan to build a new neighborhood in western Bat Yam, on the town’s southern border with Rishon LeZion.

The plan includes construction of 4,000 housing units, thousands of hotel rooms, commercial space, public buildings, and parking space. Projected proceeds from the project total $300 million.

Construction in the plan covers 630,000 sq.m. It includes 500,000 sq.m. of high-density housing in 12-24 storey buildings, 100,000 sq.m. of hotel space, 4,500 sq.m. of commercial space, 92,000 sq.m. of public buildings, and a public park.

Published by Globes [online] - www.globes.co.il - on December 25, 2005

http://www.globes.co.il/serveen/
West Rishon LeZion power center 2nd stage approved

15,000 sq.m. has been leased to Globus Group Cinemas who will compete with Glilot junction's Cinema City.

Guy Yamin 25 Dec 05 14:23

At the Rishon LeZion Local Planning and Building Commission, the liquidators of Hatzlahaht Yehezkel recently approved a plan to build the second stage of a power center on Avraham Bar Street in the new Rishon LeZion industrial section.

The first stage, which includes 18,000 sq.m. on a 17-dunam (4.25-acre) lot, is currently under construction. The first stage also includes an additional 18,000 sq.m. in building rights at a later stage of the project.

The company has signed a contract to lease 15,000 sq.m. of space in the second stage of the project to Globus Group Cinemas, whose plan is similar to Cinema City at the Glilot intersection. The new project will include 20 movie houses, and the main attraction will be an IMAX three-dimensional screen.

Rishon LeZion is becoming a cinema center. In addition to the Drom Yehuda area in the Superland cite in western Rishon LeZion, the owners of Cinema City at the Glilot intersection Leon and Moshe Edri are planning a similar complex there. The Israel Land Administration has recommended leasing 30 dunam (7.5 acres) to them without a tender. The overseas-based parent company of Cinema City is promoting a center with 25 Cinema City movie houses, a glass hall, theaters, restaurants, cafes, and bars, with 2,500 parking spaces.

Published by Globes [online] - www.globes.co.il - on December 25, 2005

Yahud, another city in the Tel Aviv metro area will see some height with the Savyonim Towers being constructed.

http://img336.imageshack.us/img336/5136/1210vq.jpg

I really like these for some reason. Usually I love glass but this one's really nice IMO

http://img422.imageshack.us/img422/9300/untitled115tu.jpg (http://imageshack.us)
u/c 24f

^^Awesome projects for Israel!

http://www.globes.co.il/serveen/
Sammy Ofer gets veto power in Tel Aviv Museum deals

The museum will bear Ofer’s name for the next 50 years.

Guy Yamin 27 Dec 05 11:34

At the beginning of the month, Sammy Ofer announced that he intended to donate $20 million for construction of a new building in the Tel Aviv Museum of Art complex. Ofer was promised that the museum would bear his name for the next 50 years. An examination of the contract between Ofer and the Tel Aviv municipality shows that Ofer received a number of other promises.

Among other things, the municipality, which owns the land on which the museum stands, will not be able to sell it, sign a lien on it, or conclude any transaction involving the land without Ofer’s consent. Furthermore, his advance written consent is required for granting any rights to a third party in the museum company, its building, land, the new building, and the company’s special bank account. These rights include a mortgage lien, a sale, and “any right whatsoever.”

The municipality said that this clause reflects a legitimate interest on Ofer’s part, designed to guarantee that the site would continue to be used as a museum throughout the period of his memorialization. It added that the museum’s board of trustees, including other donors, had voted in favor of accepting the Ofer family’s donation.

Under the contract, the museum company and the municipality are obligated to add a note in the Land Registry Office stipulating that any transaction by the museum involving its land, in whole or in part, requires Ofer’s written consent. If this condition is not fulfilled, Ofer will be entitled to a refund of his donation.

Published by Globes [online] - www.globes.co.il - on December 27, 2005

http://www.globes.co.il/serveen/
Bar Ilan University founds $133m nanotech center

The new building will be dedicated in late 2007. The center will employ 40 researchers.

Ofer Levi 28 Dec 05 19:04

Bar Ilan University is setting up a nanotechnology center at a cost of $133 million. $33 million of this will be spent on a new 12,000-sq.m. building. The university will spend $100 million from its budget, and the government will furnish the rest. The money will pay for the center’s activity for five years.

The new center will specialize in materials, while The Technion - Israel Institute of Technology’s existing nanotechnology center concentrates on nano-electronics. The new building will be dedicated in late 2007, and will significantly expand Bar Ilan’s current nano-technology research in its various departments.

Prof. Avi Ulman of the Institute for Nanotechnology and Advanced Materials at Bar-Ilan University said that one of the center’s special features would be its direct links with industry, and its BS and MS programs in nanotechnology, in addition to a PhD program. The center will employ 40 senior researchers in chemistry, physics, biology, and engineering, including prominent nanotechnology researchers recruited from overseas.

Published by Globes [online] - www.globes.co.il - on December 28, 2005

http://www.globes.co.il/serveen/
Airports Authority to build power station at Ben Gurion

The authority is one of Israel’s largest electricity consumers.

Gal Nissim 28 Dec 05 19:37

The Israel Airports Authority will build a power station at Ben Gurion Airport. The Airports Authority council has budgeted NIS 12.4 million for planning the project in 2006. The 80-megawatt capacity plant will use natural gas, and supply electricity to the airport site and the surrounding area.

The Airports Authority plans to publish a build, operate, transfer (BOT) tender for building the plant, including distribution stations and laying a natural gas pipeline, in late 2006.

According to the Airport Authority’s timetable, the station will begin operating in 2009. The authority has allotted 10 dunam (2.5 acres) in the area of its engineering facilities, adjacent to its sewage purification facility. The tender bids will compete on the percentage discount on the price of electricity, and on royalties for leasing the land.

Airports Authority director-general Gabi Ophir said that the Airports Authority was one of Israel’s largest electricity consumers. Its consumption has risen every year, particularly since Terminal 3 was opened. He said that changes in the electricity industry and the introduction of natural gas had led the Airports Authority to its decision.

Published by Globes [online] - www.globes.co.il - on December 28, 2005

Quite dense highrise area, but surely it will be beauty.

Tel Aviv is unkown for me, and unfortunately I can't see some photos of the thread.

http://www.globes.co.il/serveen/globes/DocView.asp?did=1000045667
Dunietz Brothers, Kfir to build country’s largest vacate-and-build project

The companies will build 1,128 housing units in central Rishon LeZion. The proceeds from the project are estimated at $350 million.

Guy Yamin 1 Jan 06 17:38

Israel’s largest vacate-and-build project is getting underway. Dunietz Brothers Ltd. and Kfir Building Contractors Ltd. will build 1,128 housing units in a 17.5-dunam (4.975-acre) lot in central Rishon LeZion. Proceeds from the project are estimated at $350 million.

The project is going ahead after Dunietz Brothers and Kfir signed a contract on Friday to buy the lot in equal shares for $7 million. The lot is bordered by Givati St. on the west, Elazar St. on the east, Gush Etzion on the north, and Hanegev on the south. The Ministry of Housing and Construction has approved the project.

The project will include 16 20-storey high-rises, which will be built in ten stages. The companies plan to build the first two stages, which will have 588 housing units, over the next two years.

Published by Globes [online], Israel business news - www.globes.co.il - on January 1, 2006

80 skyscrapers are planned (40 FL. - 102 FL.),some approved ,for Tel Aviv and more towers in TA metro area in Ramat Gan and in Givataym




the improved site of NTA (Hebrew):

click the 2 box's at the right side to see the projects films
the light rail train in Athens is given as an example

Tel Aviv underground and light rail train (http://www.nta.co.il/site/he/homepage.asp)


general lines plan
http://img499.imageshack.us/img499/752/train9ox.gif (http://imageshack.us)


the red line- detailed map + stations
http://img499.imageshack.us/img499/5014/redline5fh.gif (http://imageshack.us)

:) :) :)

Some other projects to add to this bandwagon.

11 Rothschild Blvd, Tel Aviv
http://img249.imageshack.us/img249/4987/690959093ls.jpg

Ellipse Tower, Bat Yam
http://img364.imageshack.us/img364/6928/p48713b5bj.jpg

Finally, there is something rising at the site of the First Intl Tower.

Originally posted by goodmood10 in the Israel Fourm
http://i32.photobucket.com/albums/d18/goodmood10/ben1.jpg

80 skyscrapers are planned (40 FL. - 102 FL.),some approved ,for Tel Aviv and more towers in TA metro area in Ramat Gan and in Givataym

cranes in work

http://img366.imageshack.us/img366/7176/tapano8ji.jpg

http://img383.imageshack.us/img383/1382/universun740yj7sr3qb.jpg

http://img383.imageshack.us/img383/5060/universun735rp7oj9lr.jpg

http://img383.imageshack.us/img383/4114/universun694io1yj1xs.jpg

http://img383.imageshack.us/img383/9486/universun689na2wg3in.jpg

http://img383.imageshack.us/img383/9858/universun633vr4ok3og.jpg


--------
http://img308.imageshack.us/img308/7508/pict01046cw.jpg

http://img308.imageshack.us/img308/2568/pict01057jh.jpg


http://img308.imageshack.us/img308/4082/pict01187yr.jpg

http://img308.imageshack.us/img308/4042/pict01195uz.jpg


http://img308.imageshack.us/img308/5672/pict01221wm.jpg

http://img308.imageshack.us/img308/9048/pict01273ks.jpg

http://img308.imageshack.us/img308/2073/pict01289ux.jpg

http://www.globes.co.il/serveen/globes/docview.asp?did=1000047247&fid=942
London consortium offers $30 million for Tel Aviv lot

The offer is $7 million higher than the surveyor's valuation for the Zameret Park lot.

Noam Sharvit 5 Jan 06 14:12

A group of London investors is offering $30 million for a lot in Tel Aviv’s Zameret Park neighborhood. The offer is $7 million higher than the surveyor's valuation of $23 million, or $140,000 per apartment.

The lot is owned by 12 private parties, who filed to liquidate their partnership with the Tel Aviv Magistrates Court two months ago. The court appointed Adv. Gad Frankel as receiver for the lot. The lot for sale is lot 11: a 3.7-dunam (0.925-acre) lot, zoned for 164 apartments in a 38-storey high-rise with 30,000-sq.m. in gross space.

Frankel decided to publish a tender for the lot. The tender is considered one of the hottest on the market. The London consortium is incorporated as a private investment company.

Published by Globes [online], Israel business news - www.globes.co.il - on January 5, 2006

http://www.globes.co.il/serveen/globes/docview.asp?did=1000047801
Airports Authority to lease Ben Gurion Airport’s Terminal 1

The 50,000-sq.m. terminal terminal includes 15,000 sq.m. of office space. The Airports Authority plans to build terminals for domestic flights and for international flights by private and corporate jets.

Guy Yamin 8 Jan 06 12:39

The Israel Airports Authority has published a tender to lease Ben Gurion International Airport’s Terminal 1 for 25 years. The 50,000-sq.m. terminal includes 15,000 sq.m. of office space. The Airports Authority is currently conducting tours of the terminal for developers. The deadline for bids is the end of January.

The developer winning the tender will be authorized to operate commercial and office space. The terminal will revert to the Airports Authority when the lease expires.

The lot covers a total area of 78,000 sq.m., but the Airports Authority is keeping 28,000 sq.m. for its own needs. The Airports Authority plans to build a 9,000-sq.m. terminal for domestic flights, and has allocated 2,500 sq.m. for the Israel Civil Aviation Authority and 600 sq.m. for a terminal for international flights by private and corporate jets.

Potential uses of Terminal 1 include a convention center, hotels, health center, commercial center, showrooms, recreation and entertainment, and a high-tech incubator. Under the terms of the tender, only developers with experience in handling such projects may bid in the tender. Participants must provide a $25 million bank guarantee.

Published by Globes [online], Israel business news - www.globes.co.il - on January 8, 2006

http://www.globes.co.il/serveen/globes/docview.asp?did=1000047803&fid=942
Gazit Globe may buy part of Tel Aviv wholesale market

Gazit Globe Israel will reportedly pay $25 million for 25,000 sq.m.

Guy Yamin 8 Jan 06 12:42

Sources inform ''Globes'' that Gazit-Globe Ltd. (TASE:GLOB) subsidiary Gazit-Globe Israel Ltd. is negotiating to buy 25,000 sq.m. of commercial space in the Tel Aviv wholesale market. Gazit-Globe will reportedly pay $25 million if a deal is signed.

The Tel Aviv Local Planning and Building Commission recently rezoned the 55-dunam (13.75-acre) Tel Aviv wholesale market for mixed-use project, including 2,000 apartments, 15,000 sq.m. of office space, 25,000 sq.m. of commercial space, and 1,500 underground parking places. The site will have ten-storey buildings above the commercial center, and four 40-storey resoidential high-rises.

The Tel Aviv municipality owns 40% of the planned commercial space on the lot. Gazit-Globe is therefore negotiating with both the municipality and the Tel Aviv Wholesale Market Cold Storage Ltd. In addition, because the office towers will be built over the commercial center and the parking lot will be common to both projects, Gazit Globe will also have to negotiate with a third party - the developer for the residential project.

The Tel Aviv municipality prefers selling rights to the lot to ten developers who will build and market the apartments simultaneously, rather than selling the rights to a single developer, who would develop the project over many years. Market sources believe that the project’s proceeds will reach $600-700 million.

Gazit-Globe said in response that it was constantly seeking commercial centers in Israel, in line with the company’s policy, and it did not normally comment about negotiations before a deal was signed.

Published by Globes [online], Israel business news - www.globes.co.il - on January 8, 2006

http://www.globes.co.il/serveen/globes/docview.asp?did=1000047791&fid=942
Ayalon Park landowners oppose no construction decision

The cabinet unanimously decided almost a year ago that no construction would be allowed in Ayalon Park.

Dalia Tal 8 Jan 06 12:21

Almost a year after the cabinet unanimously approved a plan to build 8,000-dunam (2,000-acre) Ayalon Park in southeastern Tel Aviv, petitions against the plan have been filed at the High Court of Justice.

Due to differences between them, Mikve-Israel Agricultural School and Alliance All Israel Friends High School filed separate petitions at the High Court of Justice. Hazera Genetics (TASE: HQS) also filed a petition.

The petitioners all assert that the planned park is too large and impractical, is harmful to neighborhoods in southern Tel Aviv, and violates their property rights. Alliance All Friends and Hazera also propose residential and business construction plans, which they allege are the only way that the park can be built.

The State Attorney’s Office asserts that the government has full authority to decide the plan on behalf of the residents of Tel Aviv and the region. The state alleges that the petitioners’ motive is not the benefit of the residents of southern Tel Aviv, but real estate profits at the public’s expense.

Mikve-Israel Agricultural School covers 3,300 dunam (825 acres), which the Ottoman sultan granted to Charles Netter and Alliance Israelite Universelle in 1870 in order to found an agricultural high school.

Published by Globes [online] - www.globes.co.il - on January 8, 2006

More from the Israeli fourm.

Yoo Towers
http://img2.tapuz.co.il/forums/69283511.jpg
http://img2.tapuz.co.il/forums/69283557.jpg

Discount Bank, First Intl, and Neve Tzedek Towers
http://img202.imageshack.us/img202/8343/83024690b747279d14b1oe.jpg

Manhattan Tower
http://img208.imageshack.us/img208/56/692836352ki.jpg

Updates from other projects that were done by beivushtang.

http://www.pbase.com/beivushtang/image/54517863/original.jpg
http://www.pbase.com/beivushtang/image/54517864/original.jpg
http://www.pbase.com/beivushtang/image/54517865/original.jpg
http://www.pbase.com/beivushtang/image/54517869/original.jpg
http://www.pbase.com/beivushtang/image/54630507/original.jpg
http://www.pbase.com/beivushtang/image/54630518/original.jpg

We are finally seeing the First Intl Tower rise.

http://i32.photobucket.com/albums/d18/goodmood10/benleumi.jpg

Nice Pics and good projects in Tel Aviv..is one of the cities with more development in the Middle East, with Dubai :)

More updates of Tel Aviv by beivushtang, this time by the Mediterranean.

http://www.pbase.com/beivushtang/image/54814008/original.jpg
http://www.pbase.com/beivushtang/image/54814009/original.jpg
http://www.pbase.com/beivushtang/image/54814010/original.jpg
http://www.pbase.com/beivushtang/image/54814011/original.jpg
http://www.pbase.com/beivushtang/image/54814013/original.jpg
http://www.pbase.com/beivushtang/image/54814028/original.jpg
http://www.pbase.com/beivushtang/image/54814046/original.jpg
http://www.pbase.com/beivushtang/image/54814061/original.jpg
http://www.pbase.com/beivushtang/image/54814066/original.jpg

http://www.globes.co.il/serveen/globes/DocView.asp?did=1000051540
Gazit Globe offers $30m for Drom Yehuda

The company’s liquidators published a newspaper advertisement soliciting takeover bids.

Guy Yamin 17 Jan 06 17:25

Five companies have submitted bids to acquire Hatzlahat Yehezkel’s income producing real estate subsidiary Drom Yehuda, whose liquidation was approved not long ago. The liquidators recently published a newspaper advertisement soliciting bids to acquire the company. Participation in the auction requires proof of ability to pay at least $35 million from an accompanying bank, and a NIS 7,500 payment to demonstrate serious intentions.

Five major companies have submitted bids so far. One is Gazit-Globe (TASE: GLOB), managed by CEO Ronen Ashkenazi, which bid $30 million.

Drom Yehuda owns a 6.5-dunam (1.625-acre) corner lot in western Rishon LeZion with 2,900 sq.m. in main and service space. An ACE do-it-yourself (DIY) retail chain outlet currently occupies the property. The lot has 5,800 sq.m. in unused building rights for two upper commercial floors. Assessors valued the property at $3.5 million.

Drom Yehuda also owns a 20,000-sq.m. power center on a 30-dunam (7.5-acre) lot, adjacent to the commercial property leased to ACE. The power center is fully leased to the Cosmos supermarket chain, DIY chain Home Center, and other tenants. This power center has an agreement with the Rishon LeZion municipality guaranteeing its rights to build 25,000 sq.m. of office space. Assessors estimate the value of the power center at $35 million.

The 18,000-sq.m. first stage of a second power center is now being built on a 35-dunam (8.75-acre) lot on a Drom Yehuda-owned property on Avraham Bar St. in the new Rishon LeZion industrial zone.

Published by Globes [online] - www.globes.co.il - on January 17, 2006

http://www.globes.co.il/serveen/globes/DocView.asp?did=1000052268
Israel Railways prepares to sue Bombardier for €10m

Cracks have appeared in rolling stock supplied by Bombardier for the upgraded Jerusale-Tel Aviv line.

Gal Nissim 19 Jan 06 14:48

Israel Railways is preparing to file a €10 million lawsuit against Canadian rolling stock maker Bombardier (TSX:BBD). Israel Railways accuses Bombardier of delivering faulty carriages for the upgraded Tel Aviv-Jerusalem line through Beit Shemesh.

Israel Railways chairman Moshe Leon recently ordered the company’s legal department to prepare to file the lawsuit. Israel Railways estimates that it suffered at least €10 million in damages. The lawsuit will reportedly be filed in a Dutch court, on the basis of commercial contracts between Israel Railways and Bombardier.

At its last board meeting, Israel Railways announced that it planned to sue Bombardier. A legal opinion prepared for Israel Railways stated that there is no link between the track infrastructure and the cracks discovered in the carriages, which were caused by the low manufacturing quality of the carriages.

In 2004, Bombardier delivered used IC3 carriages for operation on the rebuilt railway line to Jerusalem. The company was required to customize the carriages ordered specifically for this line, after it was sent detailed geometric data on the track. Bombardier confirmed that the carriages were customized for use on the line.

In 2005, cracks and faults were discovered in the carriages. Bombardier claims that they were caused by the quality of the track, which caused greater than permitted overloads.

Israel Railways board says the lawsuit will be filed shortly. Earlier this week, Bombardier announced that it would file a court appeal against Israel Railways’ selection of Siemens (NYSE:SI; XETRA:SIE) to supply railway carriages in a tender likely to reach €900 million.

Published by Globes [online], Israel business news - www.globes.co.il - on January 19, 2006

Newe Tsedeq tower and the Discount bank tower today

http://img380.imageshack.us/img380/3645/pict00161gy.jpg


Yoo towers today
http://img380.imageshack.us/img380/6328/pict00388zg.jpg

^^just wonderful!

http://www.globes.co.il/serveen/globes/DocView.asp?did=1000052268
Israel Railways prepares to sue Bombardier for €10m

Cracks have appeared in rolling stock supplied by Bombardier for the upgraded Jerusale-Tel Aviv line.

Gal Nissim 19 Jan 06 14:48

Israel Railways is preparing to file a €10 million lawsuit against Canadian rolling stock maker Bombardier (TSX:BBD). Israel Railways accuses Bombardier of delivering faulty carriages for the upgraded Tel Aviv-Jerusalem line through Beit Shemesh.

Those Damn Canadians :D
I can forecast Anti-semetism jumping 20% now, because of this lawsuit

http://www.globes.co.il/serveen/globes/DocView.asp?did=1000053378
Bids for Country Club lot rising

Canada-Israel Development Corp. and Ronny Maneh plan to jointly offer $45 million. Adi Kaizman is reportedly offering $43 million.

Guy Yamin 23 Jan 06 15:05

Canada-Israel Development Corp. and real estate broker Ronny Maneh plan to jointly offer $45 million for the Country Club lot, west of Glilot Junction, owned by Azorim Investment, Development and Construction Ltd. (TASE: AZRM) and Isal-Amlat Investments Ltd. (TASE:ISAL). Businessman Adi Kaizman, the husband of Strauss-Elite group chairperson Ofra Lahat-Strauss, is also negotiating to buy the lot. Industry sources believe that he will offer $43 million for it.

Canada-Israel and Maneh recently offered Ofer Brothers $40 million for its lot in the Herzliya Pituah Marina. Ofer Brothers ultimately sold the lot, slated for 336 apartments, to developer Ronny Yitzhaki for $48 million.

Canada-Israel also recently bid for Lot 11 in Tel Aviv’s luxury Park Zameret neighborhood, zoned for a high-rise with 164 apartments.

“Globes” recently reported that Iranian-born US-Jewish billionaires Younes and Izak Parviz Nazarianwere negotiating to buy the Country Club lot for $42.5 million.

Published by Globes [online], Israel business news - www.globes.co.il - on January 23, 2006

new downtown area for Tel Aviv
http://img27.imageshack.us/img27/168/ii6zo.jpg (http://imageshack.us)

80 skyscrapers are planned (40 FL. - 102 FL.),some approved ,for Tel Aviv and more towers in TA metro area in Ramat Gan and in Givataym



Manhatten tower 42 fl. under construction.
next to Yoo towers (on the left), part of 11 towers neighbourhood.

http://img360.imageshack.us/img360/8949/manha5uc.jpg (http://imageshack.us)
http://img360.imageshack.us/img360/4803/mnahad7ni.jpg (http://imageshack.us)

http://img230.imageshack.us/img230/8746/manhattantelavivbzoom8rw.jpg

http://img230.imageshack.us/img230/134/manhattantelavivczoom0nr.jpg

http://img212.imageshack.us/img212/6816/manhattantelavivfzoom0az.jpg

http://img212.imageshack.us/img212/8383/manhattantelavivhzoom0jc.jpg

^^12towers...

new tower for Tel Aviv
30f
http://img22.imageshack.us/img22/3505/cg6sz.jpg (http://imageshack.us)

the Manhattan building is impressive!

http://www.globes.co.il/serveen/globes/docview.asp?did=1000054511&fid=942
Petitions may delay Tel Aviv wholesale market development

Two groups of merchants seek injunctions against orders to vacate the market.

Sapir Peretz 25 Jan 06 17:22

The vacating of the Tel Aviv wholesale market, scheduled for the end of February, is liable to be delayed by petitions for injunctions filed by merchants in the market and nearby. Two groups of merchants are involved. One group comprises 22 merchants in Building C, who have not reached a settlement with the Tel Aviv municipality on vacating the premises, and have petitioned the High Court of Justice on the matter.

The second group of four wholesalers, who do not belong to the wholesale market, is due to appeal to the courts tomorrow for an injunction against vacating the market. These wholesalers occupy a building whose only access is through the market, which will be blocked when the market is vacated.

Published by Globes [online], Israel business news - www.globes.co.il - on January 25, 2006

http://www.globes.co.il/serveen/globes/docview.asp?did=1000055274
ZMH to start new $14m north Tel Aviv housing project

Altogether ZMH Hammerman is building 366 apartments in north Tel Aviv for an estimated NIS 250 million.

Guy Yamin 29 Jan 06 12:30

ZMH Hammerman Ltd. has signed a contract to build the fourth stage of its new Project Gimmel in north Tel Aviv. Africa-Israel Investments Ltd. (TASE:AFIL; Pink Sheets:AFIVY) and Shikun Ovdim Ltd. own the project. The fourth stage of Project Gimmel involves 94 apartments in two high-rises, to be built at an estimated cost of $14 million.

The first three stages of Project Gimmel had 131 apartments. ZMH is also building the seaside Kochav Aviv project and Kochav Gimmel project in the large block in north Tel Aviv. Kochav Aviv comprises 46 apartments in two eight-storey buildings. Over 60% of the apartments have been sold, and are scheduled to be occupied in March 2006. Kochav Gimmel comprises 25 apartments in a ten-storey high-rise.

ZMH is also building 40 apartments in two seven-storey buildings in the large block for a private group.

Altogether ZMH is building 366 apartments in north Tel Aviv for an estimated NIS 250 million.

Published by Globes [online], Israel business news - www.globes.co.il - on January 29, 2006

http://www.globes.co.il/serveen/globes/docview.asp?did=1000055278
SAP Labs Israel expands rented space in Ra’anana

The company, which already rents 11,000 sq.m. in the Eliahu Yitzhaki Building, has rented 6,000 sq.m. from Ra’anana High-Tech Park, and will occupy an additional 6,000 sq.m. in 2007.

Guy Yamin 29 Jan 06 12:38

SAP Labs Israel, a development unit of SAP (NYSE; LSE:SAP; XETRA:SAPG), is expanding its activities and premises in Ra’anana. The company, which currently rents 11,000 sq.m. for its development center in the Eliahu Yitzhaki Building in Ra’anana, will rent 6,000 sq.m. in an adjacent building to be built by Eliahu Yitzhaki, and occupy the new premises during the third quarter of 2007, under a five-year lease.

In addition, SAP Labs Israel has rented 6,000 sq.m. in a third building above a commercial center from Ra’anana High-Tech Park, jointly owned by the Ganden group and Electra Ltd. (TASE: ELTR).

SAP Labs Israel currently has 750 employees.

Published by Globes [online], Israel business news - www.globes.co.il - on January 29, 2006

http://www.globes.co.il/serveen/
Nazarian buys Tel Aviv country club lot for $44.5m

Isal Amat and Azorim Investment will make a $10.5 million capital gain on the sale.

Guy Yamin 31 Jan 06 12:53

Sources inform ''Globes'' that Iranian-born American-Jewish billionaire Izak Parviz Nazarian today bought the Tel Aviv country club lot, located west of the Glilot Junction, for $44.5 million. This is Nazarian’s first investment in Israel.

Businessman Adi Kaizman offered $43 million for the lot. Canada-Israel Development Corp. and real estate broker Ronny Maneh had considered jointly offering $45 million, but apparently withdrew the offer.

Isal-Amlat Investments Ltd. (TASE:ISAL), controlled by Yitzhak Tshuva’s son-in-law Ron Alroy, and IDB Holding Corp. Ltd. (TASE:IDBH) subsidiary Azorim Investment, Development and Construction Ltd. (TASE: AZRM) own the country club lot. Azorim, managed by CEO David Lev, published a tender for the lot a month ago, at a minimum price of $39 million.

The 110-dunam (27.5-acre) beachfront adjacent lot (on the second line of development) is zoned for 300 luxury housing units of 120 sq.m. each under the Urban Building Plan (UBP). In addition, 40,000 sq.m. of commercial space facing the coastal road can be built on the site. The Tel Aviv municipality owns a large proportion of the income-producing space.

Real estate sources said that the land was attractive, since most of the apartments will have a sea view. At the same time, it appears that previous negotiations failed because of the large betterment tax that must be paid to the Tel Aviv municipality for any sale to go through. The tax is estimated at $10 million.

Isal and Azorim, which bought the land 12 years ago, will post a capital gain, since the land is listed in their books at a value of $34 million. They will make a $10.5 million capital gain on the sale.

Izak Parviz Nazarian (74) and his brother, Younes, are among the wealthiest Iranian-born Jews in the world, with a family fortune estimated at several billion dollars. The Nazarians had earlier negotiated with the Ministry of Finance to acquire the controlling interest in Israel Discount Bank (TASE: DSCT).

Published by Globes [online], Israel business news - www.globes.co.il - on January 31, 2006

http://www.globes.co.il/serveen/
Namdar, Peled plan $18m Tel Aviv luxury high-rise

They plan to increase the building rights to the Dizengoff-Frishman lot to 25 stories. Estimated proceeds from the project are $50 million.

Roy Meltzer 1 Feb 06 16:30

Sources inform "Globes" that Avraham Namdar and Roni Peled plan to build a luxury 25-storey residential high-rise at the corner of Dizengoff St. and Frishman St. in Tel Aviv at an investment of $18 million. The project will be carried out by Euro Sat Investments Ltd. (TASE:ERST), after Namdar and Peled finish taking over the stock market shell, which is expected shortly. Namdar and Peled will probably finance the project by raising money from the public through Euro Sat, and with bank credit.

Euro Sat today notified the Tel Aviv Stock Exchange (TASE) that the property, which Namdar and Peled recently purchased, will be transferred to the company in trust, subject to an agreement for the transfer of control and a private placement to Namdar and Peled, which is planned as part of the takeover. Namdar and Peled bought the property for $15 million from a receiver appointed by Israel Discount Bank (TASE: DSCT). Euro Sat added that Namdar and Peled had already paid $1.5 million for the property, and were expected to pay the balance upon delivery.

The Dixengoff-Frishman lot has been known for years as “the pit”, after CS Center Investments Ltd., owned by Eliahu and Ezra Kahtan, was unable to complete the ambitious real estate project. Construction halted after the foundations were dug and the six underground parking floors were built.

Discount Bank was forced to write off NIS 265 million on its loan for the project. This amount comprised of NIS 332 million in Center Investments’ guarantees to the bank, less the NIS 65 million Namdar and Peled paid the receiver for the property.

The property currently has 10,000 sq.m. in building rights, for seventeen residential floors (about 100 apartments), three office floors and a commercial floor. Namdar and Peled want to increase the lot’s building rights to 25 residential floors, including four penthouses, and to convert the project into luxury residences.

Namdar and Peled reportedly plan to invest $12-18 million in construction, depending on the building rights they obtain. The building’s apartments will reportedly be sold for $4,000-8,000 per sq.m., and proceeds from the project are estimated at $50 million.

After completing their expected takeover of Euro Sat (formerly Tal Cables) in a few weeks, Namdar and Peled plan to make a number of real estate investments, including the Dizengoff-Frishman project. They plan to invest NIS 12 million in acquiring 63% of Euro Sat. Euro Sat has a current market cap of NIS 22 million, following a 160% rise in the company’s share price since the beginning of the year, when it was reported that Namdar and Peled planned to take it over and convert it into a real estate investment company.

Published by Globes [online], Israel business news - www.globes.co.il - on February 1, 2006

http://www.globes.co.il/serveen/
Ofer cancels $20m donation to Tel Aviv Art Museum

Aviva and Sammy Ofer: We can't bear the idea that our desire to help caused a slander campaign.

Globes’ correspondent 1 Feb 06 15:32

Businessman Sammy Ofer is canceling his $20 million donation for construction of a new wing of the Tel Aviv Museum of Art. Ofer and his wife, Aviva, published the cancellation in the “Ha’aretz” Hebrew daily in an announcement entitled, “Excuse Me for Wanting to Donate.” They wrote that, in view of the campaign of defamation against them, the Tel Aviv municipality, and the museum’s management, they had decided to end the affair, and were withdrawing their donation.

Ofer made his hefty contribution contingent on construction of a new museum wing, at an estimated cost of $45 million, and on adding his wife’s name and his own to the museum’s title. Although the Tel Aviv City Council and the museum’s management approved this, it caused a major controversy. “A small group of slander campaign managers stopped at nothing to besmirch our names. Instead of gratitude, they responded with ingratitude,” the Ofers complained. “Unfortunately, we can no longer bear the thought that an act stemming solely from a desire to help is causing an ugly campaign of defamation. There is a limit to what human beings can bear -- making a huge and unprecedented donation for the benefit of Israeli art, and being maligned for our pains. We therefore have no further interest in making a donation, and we have decided to relieve those concerned about our donation and names, which they found so disturbing.”

The Ofers went on to say that they expected that “the organizers of the vocal and vociferous campaign” to collect the money themselves, as they had said they would. For their part, the Ofers are willing to contribute to such a fundraising campaign. “If they do not do so, history will judge their deeds, and determine whether benefiting art was really their motive,” they wrote.

Measures taken to prevent a change in the museum’s name included an appeal to the State Comptroller to examine the propriety of the agreement between Ofer and the museum, an administrative petition against the agreement filed by Tel Aviv municipality council member Gila Hertz, and a petition with thousands of signatures. The Israel Council of Museums asked the Ministry of Internal Affairs to suspend its approval, pending professional consideration of the matter.

The Marc Rich Foundation in Israel, founded by Mark Rich, who previously made a donation for construction of the wing in memory of Gabriela Rich, recently announced that it would freeze millions of dollars that it had planned to donate to the museum.

The museum said in response, “The Tel Aviv Museum of Art thanks Sammy and Aviva Ofer for their generosity, and greatly regrets their decision to cancel their $20 million donation towards a new museum wing. Such a rare opportunity created by the good will of the donor and the Tel Aviv municipality was missed because of narrow-mindedness and unfounded claims. It is particularly painful that such a welcome attempt to present Israeli art in a broad and historically coherent way encountered severe and irrelevant criticism, which led the donors to cancel their donation. Nevertheless, we believe that, with the help of joint efforts by all the museum’s donors and lovers of Israeli art, we will succeed in finding the resources to face this important challenge.”

Published by Globes [online] - www.globes.co.il - on February 1, 2006

http://www.globes.co.il/serveen/
Tel Aviv country club sold to Canada Israel after all

The buyer will pay Azorim and Isal Amat $45 million, and build a gated luxury neighborhood and a 40,000-sq.m. shopping center.

Guy Yamin 2 Feb 06 17:14

Sources inform "Globes" that, after intense nightlong negotiations, Canada-Israel Development Corp. bought the Tel Aviv country club site for $45 million, not including VAT. Canada-Israel will also pay $10 million in betterment tax. The country club is located west of the Glilot intersection. Canada-Israel, owned by Barak Rosen, Asaf Tochmair, and Raz Noyman, beat Izak Parviz Nazarian in the tender. The sellers are IDB Holding Corp. (TASE: IDBH) subsidiary Azorim Investment, Development and Construction (TASE: AZRM) and Isal-Amlat Investments Ltd. (TASE: ISAL), controlled by Ron Alroy, Yitzhak Tshuva’s son-in-law.

As of last night, Nazarian’s $44.5 million bid was highest, and a draft agreement was being prepared. The parties disagreed on a number of sections, however, and negotiations continued into the night.

Canada-Israel exploited the deadlock in the negotiations to top Nazarian’s bid by $500,000, which decided the contest in its favor. Adi Kaizman bid $43 million for the property.

Canada-Israel has partners in the acquisition. These are probably the Sheratzki family, which controls Ituran Location and Control Ltd. (Nasdaq: ITRN); TASE: ITRN), and diamond merchant Tsahi Arbov.

The group plans to built a gated luxury neighborhood on the site, to be designed by a foreign architect. The group will also build another new neighborhood and a 40,000-sq.m. shopping center nearby. The Tel Aviv municipality owns a large proportion of the income-producing space, and the group will probably buy the municipality’s share.

The site occupies 110 dunam (27.5 acres), and is beachfront adjacent (on the second line of development). A residential project is planned west of the site. Under the Urban Building Plan (UBP), the country club site is zoned for 300 luxury housing units of 120 sq.m. each.

Canada-Israel is currently involved in a number of luxury projects in Israel and overseas. The company recently won headlines when it acquired stock exchange shell 3 Pen Technologies Ltd. (TASE: PNTC) for $217,000.

Rosen and Tochmair’s most recent deal included the purchase of the site of the Walworth Barbour American International School in Israel in Kfar Shmaryahu for $21 million.

Published by Globes [online] - www.globes.co.il - on February 2, 2006

It's time for some more updates on Tel Aviv buildings for those who don't frequent the Israel fourm.

Neve Tzedek Tower
http://img405.imageshack.us/img405/6875/nevetsedek40zx.jpg

Ampa Business Ctr
http://www.telavivinf.com/pratdb/future/miv/ampa/pic36.jpg

Or Towers
http://www.telavivinf.com/pratdb/future/mig/or/pic1.jpg

Hevaret Hashmal (rennovation)
http://img480.imageshack.us/img480/7112/0916ck.jpg

Hashmal St
http://img383.imageshack.us/img383/9223/0922aw.jpg

Yavenne St (rennovation)
http://img56.imageshack.us/img56/6651/1254up.jpg
http://img56.imageshack.us/img56/7753/1241bk.jpg

http://www.globes.co.il/serveen/globes/docview.asp?did=1000057767
Boymelgreen offers $46m for Tel Aviv’s old Assuta compound

The compound is zoned for 180 apartments in a 35-storey high-rise, plus 40 apartments in the Assuta Hospital’s existing buildings, and 2,400 sq.m. of commercial space.

Guy Yamin 5 Feb 06 12:17

Sources inform ''Globes'' that Shaya Boymelgreen is in advanced negotiations to buy Assuta Medical Centers Ltd. old compound on Jabotinsky St., Tel Aviv, owned by Gad Zeevi. The deal will reportedly total $46 million. Boymelgreen is the partner of Africa-Israel Investments Ltd. (TASE:AFIL; Pink Sheets:AFIVY) controlling shareholder Lev Leviev in real estate developments in the US.

Under the plan recently deposited with the Tel Aviv Regional Planning and Building Council, the Assuta compound is zoned for 180 apartments in a 24,000-sq.m. 35-storey high-rise, plus another 40 apartments in the Assuta Hospital’s existing buildings, and 2,400 sq.m. of commercial space.

The development is being promoted by Mirage Israel Development Ltd., owned by Zeevi, and Dag Hacesef Assets & Buildings (1992) Ltd., Dan Goldstein and Jack (Yaki) Dunietz. Zeevi recently received three offers, averaging $45 million, for the compound, subject to approval of the new urban building plan (UBP) for the site.

The Tel Aviv Local Planning and Building Council has approved the UBP, but many objections are expected to be filed with the Tel Aviv Regional Planning and Building Council by local residents. The residents fear that a shortage of parking in the area caused by the project will lower property values.

Published by Globes [online], Israel business news - www.globes.co.il - on February 5, 2006

http://www.globes.co.il/serveen/globes/docview.asp?did=1000057788
Dankner negotiating sale of 50% of Ra’anana’s Ganden Park for $30m

Emblaze and SAP rent the two buildings up for sale. Ganden also wants to sell the adjacent empty lot.

Guy Yamin 5 Feb 06 12:24

Ganden Investments (1999) Ltd., controlled by Nochi Dankner, is negotiating to sell its rights in the Ganden Park in the Ra’anana industrial zone. Ganden owns 50% of two office buildings and 36,000 sq.m. in building rights for additional buildings on the adjacent lot. Electra Real Estate Ltd. (TASE:ELCRE) owns the other half of the existing buildings, but will presumably not exercise its first refusal rights.

Ganden is asking $30 million: $19 million for the two buildings leased to Emblaze Ltd. (LSE: BLZ) and SAP AG (NYSE; LSE: SAP; XETRA:SAPG), and $11 million for the adjacent 15-dunam (3.75-acre) empty lot. The buyer will have to pay $2 million in betterment tax.

Market opinion is divided about the attractiveness of the buildings. The larger 12,500-sq.m. building was leased to Emblaze in 2000 at $16 per sq.m. per month, index-linked in a ten-year lease. Emblaze has been reducing its activities, and has sublet large parts of the building. The smaller 6,000-sq.m. building is considered a better deal, since SAP, considered a stable and growing company, rented it last month at $13.60 per sq.m. per month, index-linked in a ten-year lease.

Published by Globes [online], Israel business news - www.globes.co.il - on February 5, 2006

Ampa busines centre...
is that the business centre that is 65 floors?

^^no it's 11 floors, 65floors is still on hold

they are starting to build Azrieli number 3!!!!!!!FInally!!

http://i1.tinypic.com/ms12ld.jpg

That's great news. Do you have pics of the construction?

no only tomorrow,one guy told us he is now in Azrieli mall and he saw they brought a crane ...

80 skyscrapers are planned (40 FL. - 102 FL.),some approved ,for Tel Aviv and more towers in TA metro area in Ramat Gan and in Givataym



an illustration showing some of the projects approved for Tel Aviv

http://img372.imageshack.us/img372/6942/637350396sx.jpg (http://imageshack.us)

the diagrams shows part of the future towers planned only for Tel Aviv.
more towers are planned in Tel Aviv metro :for Ramat Gan and for Givataym.

http://img289.echo.cx/img289/1845/diagram19pg.jpg

http://img289.echo.cx/img289/2374/diagram28aq.jpg

http://img289.echo.cx/img289/934/diagram33hj.jpg

^^no it's 11 floors, 65floors is still on hold
If I am not mistaken, Ampa will only build the lowrises for now, and it will not resume the construction of the Amkor Tower until it has the money for it.

^^yes i said it's on hold..(65 floors) other low-rise buildings completed...

hebrewtext Beer Nehardia is U/C? I think it's on hold...

Future Lovers
http://img2.tapuz.co.il/forums/71365010.jpg

starting to build Azrieli number 3
http://img2.tapuz.co.il/forums/71365143.jpghttp://img2.tapuz.co.il/forums/71435554.jpg

http://img2.tapuz.co.il/forums/71434481.jpg
http://img2.tapuz.co.il/forums/71435554.jpg

starting to build Azrieli number 3
http://img2.tapuz.co.il/forums/71365143.jpg
http://img2.tapuz.co.il/forums/71435554.jpg
http://img2.tapuz.co.il/forums/71434481.jpg
http://img2.tapuz.co.il/forums/71435554.jpg
http://img2.tapuz.co.il/forums/71607537.jpg

80 skyscrapers are planned (40 FL. - 102 FL.),some approved ,for Tel Aviv and more towers planned for TA metro area in Ramat Gan and in Givataym

Angel center & Tower

● Other names:
1."Haheresh" project.
● Height: 30 floors above the ground, 120 meters. (364 ft)

● Location: near Ayalon highway, not far from Levinstein tower, 18 Haheresh Street.

● Initiator: Ya'akov Angel.
● Built area: 40,000 square meters.
● The cost of the project: 100 million dollars.
● Area: 7 dunams.
● There will be 4 floors of underground parking.
● Designation: offices and commerce.

● State: approved





http://img156.imageshack.us/img156/3337/eng17tm.jpg

http://img133.imageshack.us/img133/3793/eng24vv.jpg

http://img156.imageshack.us/img156/7429/eng36vt.jpg

http://img156.imageshack.us/img156/1102/eng42lf.jpg

^^u know when they are going to build it?

http://img372.imageshack.us/img372/6942/637350396sx.jpg


spectacular sight!

At least we now know that the construction of the Azrieli Sq is finally happening.

19th febraury is the day!

http://www.globes.co.il/serveen/globes/docview.asp?did=1000060051&fid=942
Vietnamese envoy: We hope to open embassy in Tel Aviv

“If we continue to develop relations between the two countries, the opening of a Vietnamese embassy in Israel will be essential.”

Hadas Manor 9 Feb 06 17:59

Vietnam hopes to open an embassy in Tel Aviv soon, Vietnam Ambassador to Egypt Le Tien Ba told “Globes”. Vietnam’s Embassy in Egypt is also responsible for Israel. Ambassador Le Tien Ba said that, following the recent signing of an aviation cooperation agreement, “We hope to initiate flights soon, at least charter flights, which will greatly facilitate ties between the two countries.”

In January 2006, Israel added Vietnam as a preferred export destination, which means increased government support for Israeli exporters to Vietnam. Ambassador Le Tien Ba said the decision was worthwhile for Israel, because the “potential for economic relations between Vietnam and Israel is huge, especially in agricultural technology, where Israel is strong, and which Vietnam greatly needs.”

The Ambassador added that growing foreign interest in Vietnam was not limited to Israel. “The whole Western world feels it. The US, Taiwan, Japan, Korea, Singapore, France and Germany also feel it.”

As for Israel, Ambassador Le Tien Ba said, “If we continue to develop relations between the two countries, the opening of a Vietnamese embassy in Israel will be essential, although we do not have embassies in many countries with which we have diplomatic relations, because of the financial cost of maintaining embassies, and our financial situation.”

Ambassador Le Tien Ba submitted his credentials to President Moshe Katsav in September 2005, at the same he took up his post in Cairo, from where is also responsible for relations with Israel and the Sudan. “Israel has technologies that we greatly need as an agricultural country. Investment in Vietnam will be worthwhile for both sides,” he said.

Vietnam is also seeking cooperation with Israeli communications infrastructure companies. Two Israeli communications equipment companies are presently participating in Vietnamese tenders. One is RAD Data Communications Ltd.; the other is a small company, which declines to disclose its identity at this time, that blocks wireless signals being used to detonate bombs activated by cellular telephones. Vietnam wants to buy this technology ahead of its hosting the Asia-Pacific Economic Cooperation forum (APEC) conference in September.

Published by Globes [online], Israel business news - www.globes.co.il - on February 9, 2006

http://www.globes.co.il/serveen/
Uri Dori to build Top5 project in Petah Tikva

Proceeds from the 282-apartment project are estimated at NIS 250 million.

Guy Yamin 19 Feb 06 12:15

Uri Dori Engineering Works Corp. (TASE: DORI) will build a new project in Em Hamoshava in Petah Tikva. The Top5 project will comprise 282 apartments in five high-rises. Proceeds from project are estimated at NIS 250 million, at an average of $192,000 per apartment. Dori has already built and sold 700 apartments in Em Hamoshava.

Dori predicts that most buyers in the Top5 project will be people upgrading their homes. Dori CEO Uri Dori said, “The company views Petah Tikva as a preferred target in the Dan Region. The surrounding road network, including the opening of the Hatikva Junction, provides convenient access to the neighborhood. In view of our success in marketing 700 apartments built in Petah Tikva in recent years, we decided to locate more land in the area.”

Dori recently bought out its partner’s Klil Industries Ltd.’s (TASE:KLIL) 50% stake in a 26-dunam (6.5-acre) lot in Kiryat Motzkin for NIS 37 million. The lot is zoned for 500 apartments, the proceeds from which are estimated at NIS 400-500 million.

Published by Globes [online], Israel business news - www.globes.co.il - on February 19, 2006

http://www.globes.co.il/serveen/
Herzliya Marina to build hotel-apartments above Arena Mall

Sales proceeds from the 240 apartments are estimated at $80 million.

Guy Yamin 19 Feb 06 12:16

Herzliya Marina Ltd., owned by Mordechai (Motti) Zisser, and Tedhar Investments Ltd., will soon begin building two high-rises with 240 hotel-apartments above the Arena Mall at the Herzliya Pituah Marina. Sales proceeds are estimated at $80 million, at an average of $4,444 per sq.m. The Arena Mall is owned by Europe Israel (MMS) Ltd, controlled chairman and president Zisser.

Four months ago, Tedhar signed a combination contract with Herzliya Marina, under which it would build the high-rises in exchange for half of the apartments. This is the second stage of the residential project at the marina. In the first stage, 240 apartments were built in two high-rises at the north side of the Arena Mall. Herzliya Marina recently sold 15 of these apartments at $2,500-4,000 per sq.m.

The hotel-apartments will probably be designed to suit foreign residents, who will use them during visits to Israel, and rent them out at other times.

Published by Globes [online], Israel business news - www.globes.co.il - on February 19, 2006

http://www.globes.co.il/serveen/
Herzliya Marina to build hotel-apartments above Arena Mall

Sales proceeds from the 240 apartments are estimated at $80 million.

Guy Yamin 19 Feb 06 12:16

Herzliya Marina Ltd., owned by Mordechai (Motti) Zisser, and Tedhar Investments Ltd., will soon begin building two high-rises with 240 hotel-apartments above the Arena Mall at the Herzliya Pituah Marina. Sales proceeds are estimated at $80 million, at an average of $4,444 per sq.m. The Arena Mall is owned by Europe Israel (MMS) Ltd, controlled chairman and president Zisser.

Four months ago, Tedhar signed a combination contract with Herzliya Marina, under which it would build the high-rises in exchange for half of the apartments. This is the second stage of the residential project at the marina. In the first stage, 240 apartments were built in two high-rises at the north side of the Arena Mall. Herzliya Marina recently sold 15 of these apartments at $2,500-4,000 per sq.m.

The hotel-apartments will probably be designed to suit foreign residents, who will use them during visits to Israel, and rent them out at other times.

Published by Globes [online], Israel business news - www.globes.co.il - on February 19, 2006

How many people live in Tel-Aviv?

371,400 in city and 1,176,700 in metro

xxx

some 370,000 in TA municipality.
some 3 million in TA metro area.

80 skyscrapers are planned (40 FL. - 102 FL.),some approved ,for Tel Aviv and more towers planned for TA metro area in Ramat Gan and in Givataym



a third Azrieli tower on it's the way up


http://img492.imageshack.us/img492/6339/723505822jh.jpg (http://imageshack.us)

http://img492.imageshack.us/img492/3037/723483950jy.jpg (http://imageshack.us)

http://img492.imageshack.us/img492/7966/723477012eo.jpg (http://imageshack.us)[

http://www.globes.co.il/serveen/
Matthew Bronfman wins tender for Rishon LeZion IKEA branch

The branch is part of a $20 million commercial center that will open by the end of 2007.

Vered Sharon-Rivlin 22 Feb 06 14:21

After examining a number of sites for the second IKEA store in Israel, it is now official: IKEA Israel franchisee Matthew Bronfman has won an Israel Land Administration (ILA) tender to build the store and commercial center.

Bronfman will buy a 100-dunam (25-acre) lot in south Rishon LeZion. The IKEA store will cover 35,000-sq.m., and a commercial center will be built on the rest of the site. Investment in the project is estimated at $20 million, including $10 million in the IKEA store, which will open by the end of 2007.

IKEA Israel had considered buying a 100-dunam (25-acre) lot in the Argaman compound in Yavne, as well as a lot in the Holon industrial zone.

IKEA plans to exploit rising consumer demand for its products to launch extensive commercial activities. The company will therefore lease space in the commercial center to food and other retail chains. IKEA Israel’s first store at the Poleg junction in Netanya is surrounded by commercial centers owned by Ganden and the supermarket chain, Tiv Taam Hacarmel Holdings Ltd., which exploit shopper traffic in the area. Bronfman intends to benefit personally trade in the vicinity of the second IKEA store, by owning the land.

Presumably, the commercial center will be anchored by Blue Square Israel Ltd. (NYSE: BSI; TASE: BSI) and Israel Discount Bank (TASE: DSCT) in which Bronfman is a shareholder.

IKEA opened its first store in Israel in April 2001. Last year, Co-Op Blue Square Consumer Cooperative Society (Co-Op) and Albert Ganut sold the IKEA Israel franchise to Bronfman at a value of NIS 219 million.

IKEA Israel posted a net profit of NIS 35 million on NIS 345 million revenue in 2004. The opening of a second store will reportedly boost annual turnover to NIS 500 million.

Published by Globes [online], Israel business news - www.globes.co.il - on February 22, 2006

80 skyscrapers are planned (40 FL. - 102 FL.),some approved ,for Tel Aviv and more towers planned for TA metro area in Ramat Gan and in Givataym


new render of the first international bank tower
design by Pei Arc.

http://img158.imageshack.us/img158/9811/xx2683832049369829rv.jpg





The Jewish Agency Tower
*temporary name. **unofficial name.


Height: 32 floors, 120 meters (394 ft.) (estimated).
Use: Offices.
Promoter: The Jewish Agency.
Status: Proposed

Location: Duvnov st., behind The Jewish Agency building in Kaplan st.
The tower will be built adjacent to The Jewish Agency building, the area on which the tower will be built on is currently a parking lot.
Built area: 21,000 sqm.

http://img96.imageshack.us/img96/7650/pic55wz.jpg

http://img96.imageshack.us/img96/5919/pic42hs.jpg

^^when they are going start it?

Great projects, awesome :) Ive never expected something like this in Israel. Im truly astonished! :okay:

^^why not>?

Hebrewtext, there is no reason to put the renderings of a project several times in this thread. Unless there is something new about that project, then don't bring it up again. This way this thread will not waste posts in going to 500.

^^why not>?

Cuz the image of israel in my mind is jerusalem, with the dome of the rock, tall white commies, etc, i don't know why. I guess i've this image cuz is the most repeated in the tv news bulletin. :bash:

I've never seen photos of tel aviv :sleepy:

But this thread change radically my image of israel. ;)

Edit: Sorry for that cliché. BTW lots of people thinks that spain is all party, beach, sun, bullfights and paella :D :D
Let's going to show all that our countries deserve :tongue3:

u are welcome to visit israeli forum (in english)
the link is in my signature...

Beautiful designs and a modern city
It looks like US rather than middle east

Some say that Tel Aviv looks like an offspring of London and LA.

http://img492.imageshack.us/img492/7966/723477012eo.jpg (http://imageshack.us)[

I love these towers- they look wonderful at night especially from the roadway...How tall is the new one (u/c) supposed to be?

42f

http://www.globes.co.il/serveen/globes/DocView.asp?did=1000065927
Three bidders in Tel Aviv light railway tender

The NTA Metropolitan Mass Transit System timetable calls for construction to begin in October 2007 and the first line, to begin running by the end of 2012.

Gal Nissim 27 Feb 06 15:48

Three consortia - Spidan, Metro Rail group, and MTS group - today submitted bids in the Tel Aviv light railway tender. The tenders committee and government-owned NTA Metropolitan Mass Transit System were worried in recent weeks that MTS would not submit a bid, after requesting a postponement.

Each of the bids includes 90 carriages. Under NTA’s timetable, the franchisee will be chosen within five months. The franchisee will simultaneously arrange financing, work on a detailed plan, and obtain building permits. The timetable calls for construction to begin in October 2007 and the first line, the Red Line, to begin running by the end of 2012.

The Tel Aviv light railway is a BOT (build, operate, transfer) infrastructure project. The chosen franchisee will build and operate the Red Line, running 22 km, including 10 km underground, from Bat Yam in the south, along Jerusalem Blvd. in Jaffa, the Manshiyeh neighborhood, the government compound and Azrieli Towers and Central Train Station at Arlozorov St. in Tel Aviv, through Ramat Gan and Bnei Brak to Beilinson Medical Center in Petah Tikva.

The tender’s pre-screening stage was published in 2001, and the RFP stage was published in November 2003.

The NIS 10 billion Tel Aviv light railway project has faced numerous difficulties, mostly due to its engineering and financial complexity. Material changes have been made in the tender in order to make it realizable, including a set-up grant payable on meeting annual milestones once work begins, providing a safety net guaranteeing passenger traffic, compensating participants in the tender in the event that it is cancelled, and participation in the cost of preparing the tender by the second-placed bidder.

The participating consortia said today that without these changes, no bids would have been submitted in the tender.

NTA general manager Yishay Dotan, who has managed the project for the past two years, told “Globes”, “A few years ago, everyone was convinced that the railway would never be built. Today is a red-letter day. This is a very important milestone, but it should be remembered that this is only the beginning, and a lot of work is still ahead of us.”

Dotan said three key subjects were still open: financing, a detailed blueprint, and obtaining building permits, including for the subway tunnel. He said the biggest problem - financing - was headed for a solution, and that the greatest attention was being paid on building the tunnel.

Published by Globes [online], Israel business news - www.globes.co.il - on February 27, 2006

http://www.globes.co.il/serveen/
Strauss-Elite sells Ramat Gan site for $44m

A luxury residential high-rise will be built on the lot, in cooperation with Donald Trump.

Yuval Mendelson 8 Mar 06 11:35

The Elite compound at the corner of Abba Hillel St. and Jabotinsky St. in Ramat Gan has seen much upheaval. In March 2005, Strauss-Elite Ltd. (TASE:STEL) announced the sale of the lot to a group of US investors, headed by Isaac Katan and Eli Wienstein for $44 million. In September, the company petitioned the Tel Aviv District Court to void the contract, because the buyers had failed to meet the terms of the contract.

Today, Strauss-Elite announced that it had sold the lot to Crescent Heights of the US for $44 million, the same price it had agreed to in its contract with the Katan-Wienstein group a year ago. Strauss-Elite is expect to make a NIS 120 million capital gain on the sale.

Strauss-Elite said a luxury residential high-rise would probably be built on the lot in cooperation with US real estate tycoon Donald Trump. The Urban Building Plan (UBP) for the site permits construction of 73,000 sq.m. gross space, half of which is zoned for residences and the rest for offices. 8,000 sq.m. of office space and 20,000 sq.m. of warehouses currently occupy the lot.

Published by Globes [online], Israel business news - www.globes.co.il - on March 8, 2006

© Copyright of Globes Publisher Itonut (1983) Ltd. 2006

park zamert neighborhood now
http://www.telavivinf.com/pratdb/future/mig/yoo/pic35.jpg
http://www.telavivinf.com/pratdb/future/mig/yoo/pic5.jpg


more 7 yers park zamert neighborhood - tel aviv

http://www.telavivinf.com/pratdb/future/pro/park_tzameret/pic7.jpg

more from park zamert neighborhood :)
http://img2.tapuz.co.il/forums/73668070.jpg

http://img230.imageshack.us/img230/8746/manhattantelavivbzoom8rw.jpg

http://img2.tapuz.co.il/forums/73554139.jpg

http://img2.tapuz.co.il/forums/73554310.jpg

Yoo tower U/C
http://img162.imageshack.us/img162/9816/742345313fh.jpg (http://imageshack.us)

http://www.globes.co.il/serveen/globes/docview.asp?did=1000075230
Boymelgreen buys Assuta compound for $50m

The Assuta compound is zoned for 180 apartments in a 24,000-sq.m. 35-storey high-rise.

Guy Yamin 26 Mar 06 13:29

Boymelgreen Capital Ltd. (TASE:BMGN), controlled by US-Jewish businessman Shaya Boymelgreen is due to buy the Assuta Medical Centers compound on Jabotinsky St., Tel Aviv from Gad Zeevi and Jack (Yaki) Dunietz for $50 million by web-posting today. Last week, Boymelgreen acquired Azorim Investment, Development and Construction Ltd. (TASE: AZRM) through Boymelgreen Holdings Ltd.from IDB Holding Corp. Ltd. (TASE:IDBH), controlled by chairman Nochi Dankner, for $320 million.

Problems arose in the negotiations ahead of signing of the deal, when Zeevi demanded Boymelgreen improve his offer by several million dollars. The original purchase price of the Assuta compound was set at $46 million, which was the amount that Boymelgreen Capital mentioned in a notice to the Tel Aviv Stock Exchange (TASE). Boymelgreen finally raised his offer to $50 million, which is considered high, especially considering the building rights for the compound.

The Assuta compound is zoned for 180 apartments in a 24,000-sq.m. 35-storey high-rise, plus another 40 apartments in the Assuta Hospital’s existing buildings, and 2,400 sq.m. of commercial space. The development is being promoted by Mirage Israel Development Ltd., owned by Zeevi, and Dag Hacesef Assets & Buildings (1992) Ltd., Dan Goldstein and Jack (Yaki) Dunietz.

The Urban Building Plan (UBP) passed its first hurdle when the Tel Aviv Local Planning and Building Commission approved it, but many objections are expected from local residents when the UBP is deposited with the Tel Aviv Regional Planning and Building Council. The residents fear that a shortage of parking in the area caused by the project will lower property values. The UBP includes 100 parking places in addition to the 340 parking places allocated for the building itself.

Published by Globes [online], Israel business news - www.globes.co.il - on March 26, 2006

http://www.globes.co.il/serveen/globes/docview.asp?did=1000075231&fid=942
Minrav likely to build $100m Comverse center in Ra’anana

Kiryat Comverse will cover 90,000 sq.m. of office and laboratory space and 2,800 parking places.

Guy Yamin 26 Mar 06 13:31

Comverse Technology Inc.’s (Nasdaq: CMVT) tender for the construction of the $100 million Kiryat Comverse in Ra’anana is nearing the finish line. Sources inform ''Globes'' that Minrav Holdings Ltd. (TASE: MNRV) is in advanced negotiations with Comverse on the tender.

Other companies that bid in the tender included A. Arenson Ltd., Danya Cebus (TASE: DNYA), Mordechai Aviv Building Industries Ltd. (TASE: AVIV), Uri Dori Engineering Works Corp. (TASE: DORI) SGS Construction Company Ltd., and Tidhar Construction Ltd.

In October 2005, Comverse published a request for offers for construction of the $100 million Kiryat Comverse - 90,000 sq.m. of offices, laboratories, and other structures on a 40-dnuam (ten-acre) lot it bought from private parties for $20 million in 1998. The contractor selected will carry out finishing work on the buildings, including delivering and installing furniture, as well as the finishing work on the complex, deliver and install furniture and also maintain some systems for two years, and ten years for others.

Comverse plans to occupy its new premises in January 2007.

Published by Globes [online], Israel business news - www.globes.co.il - on March 26, 2006

© Copyright of Globes Publisher Itonut (1983) Ltd. 2006

New hotel planned in Azrieli Towers



Africa-Israel Investments Group to build new hotel designed for business travelers; hotel expected to occupy 12 floors in new square tower being constructed
Ynet



A new business hotel is expected to be built on floors 11 through 23 of the new square tower being constructed at Tel Aviv's Azrieli center, according to an agreement signed Monday between the Africa-Israel Investments Group owned by businessman Lev Leviev and the Azrieli Group.


Africa-Israel Hotels CEO Ariel Kapon said that the hotel will operate under an international name brand, which has not been released yet, and will include 272 rooms and suites, a gym, conference rooms, restaurants, and a business center to cater to the hotel guests and other businesspeople from the area.


The hotel is set to open by the end of 2007, when the construction of the new square building will be completed.


The decision to build a hotel for business travelers in that location was made in light of market studies that showed business travelers
prefer to stay in a hotel accessible to transportation (also to the airport), and in close proximity to shopping and business centers.


Kapon also stated that the new hotel will operate in addition to the Crown Plaza hotel already operating in Tel Aviv. The company operates nine hotels throughout Israel, and recently inaugurated a spa hotel near Moscow. It is currently in negotiations to build a new business hotel in central Moscow

http://www.globes.co.il/serveen/
Habas sells 119 Yoo apartments for NIS 475m

Habas will likely begin recording revenue on the Philippe Starck-designed project in the first quarter of 2006.

Roy Meltzer 28 Mar 06 15:20

Habas HZ Investments Ltd. (TASE: HABS) published its financial report for 2005 yesterday, which provide a peek at one of the most luxurious residential projects now under construction in Israel - the Yoo project in Tel Aviv’s Zameret Park. International designer Philippe Starck is a partner in the Yoo project.

The Yoo project comprises 297 apartments in two high-rises, one with 37 floors and the other with 41. Starck designed the buildings, and will receive 10-15% of the project’s profit.

Habas does not recognize revenue from the Yoo project in its 2005 financial report, because only a 24% of construction was completed by the end of the year. Under accountanting standards, revenue must be recognized only after 25% of construction and 50% of sales in a residential project are completed. It is believed that Habas will begin recognizing revenue from the Yoo project in its financial report for the first quarter of 2006.

Habas says 111 apartments in the Yoo project were sold for NIS 412 million up to the date of the financial report. This figure reflects an average price of NIS 3.7 million, or $800,000 per apartment. Habas said prices ranged between $3,500 and $8,000 per sq.m. The company added that it sold a further eight apartments for NIS 63 million after signing the financial report.

Habas revenue fell 20% in 2005 to NIS 70 million, and it posted a net loss of NIS 15 million. The company’s shareholders’ equity was NIS 139 million at the end of 2005, financing a balance sheet total of NIS 590 million. The company’s market cap is now NIS 362 million.

Published by Globes [online], Israel business news - www.globes.co.il - on March 28, 2006

© Copyright of Globes Publisher Itonut (1983) Ltd. 2006

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Huge high-rise vacate-and-build project plan for Ramat Gan

1,550 apartments in six 46-storey and two-28 storey high rises are planned to replace 340 old apartments in the city’s Abra’le neighborhood.

Ron Paz 2 Apr 06 13:30

When late Prime Minister Menachem Begin initiated the vacate-and-build program, the idea was to rehabilitate poor and run-down neighborhoods into modern and developed one, thereby better utilizing land and improving residents’ quality of life. At the time, the Ramat Gan neighborhoods of Ramat Amidar and Ramat Shikma were declared candidates for vacate-and-build projects, and the adjacent Abra’le was slated for strengthening, i.e. expand old apartments, but no new construction.

The Ramat Gan municipality, however, has decided to exploit Arba’le superb location and high land values to initiate a huge vacate-and-build project as the only way to improve the housing conditions in the area. Part of the neighborhood, with mostly two-and three-room 340 old apartments in 23 building slated for demolition, as well as six shops and a Bezeq center, will be replaced by 1,550 large apartments in six 46-storey and two-28 storey high rises. The new apartments will be three to five rooms each, ranging form 80 to 170 sq.m., with an average gross area of 100 sq.m.

The Ramat Gan Local Planning and Building Committee decided to obtain an exemption of the betterment tax for the project, subject to the consent of the Ministry of the Interior. The municipality says the project has no chance of being built without this exemption, because the residents lack the means to pay high taxes to upgrade their apartments. The two 28-storey apartments are slated to be built first, to house the vacated residents, who will each receive a room and a half more than their original homes.

The Ramat Gan municipality is optimistic that the residents will agree to the project, The Local Planning and Building Board has already approved the project and deposited it with the Tel Aviv Regional Planning and Building Council, which is examining the suitability of high-rise construction for middle-class residents, as well as the project’s impact on the local environment and traffic.

The Ramat Gan municipality is also considering a residential neighborhood adjacent to the Park Haleumi. Apartments overlooking the safari park therein definitely sound like a good start.

Published by Globes [online], Israel business news - www.globes.co.il - on April 2, 2006

© Copyright of Globes Publisher Itonut (1983) Ltd. 2006

yeaah that's great project!

The Tel Aviv south kirya project is great but the talls are no so beautifuls (i think so, sorry)

Tel Aviv will be changed a lot by those constructions.

The Tel Aviv south kirya project is great but the talls are no so beautifuls (i think so, sorry)
it's just an old render!
i hope they render will change soon

In this pan by hebrewtext, you can see the progress of the Discount Bank Tower as well as the Neve Tzedek Tower.

http://img372.imageshack.us/img372/7771/pict00086os.jpg

There are so many constructions in tel Aviv now. That's a good sign of improving its skyline.

agree

http://www.globes.co.il/serveen/
Gindi Holdings buy Tel Aviv’s Hashoftim lot for $17m

The Hashoftim lot is zoned for a 25-storey luxury high-rise with apartments of 120-220 sq.m. each.

Guy Yamin 6 Apr 06 15:52

Gindi Holdings, owned by Adv. Lital Gindi-Matalon, Avi Gindi and Adv. Guy Gindi has bought Tel Aviv’s Hashoftim lot, at the corner of Shaul Hamelech Street and Ibn Gvirol St. from Ashdar Building Co. Ltd. and Sahar Development & Investments Ltd. (TASE:SAIN-M) for $17 million. Gindi Holdings is taking the place of Gemolab Real Estate Ltd., which obtained an option to buy the lot through a buyers consortium in October 2005.

The Hashoftim lot is zoned for a 25-storey high-rise with apartments of 120-220 sq.m. each. Gemolab has already marketed 40 apartments, 60% of the project’s total units. Gemolab CEO Avi Horesh said, “The apartment buyers include managers of public and financial companies, senior doctors, jurists and a group of Jewish bankers from Zurich, who bought them for personal use.”

The high-rise will be located within walking distance of Tel Aviv’s cultural centers, including Habima Theater, the Mann Auditorium, Tel Aviv Museum, the Opera House and the Golda Center. Gemolab is marketing three-room apartments at $3,500-4,300 per sq.m., and four-room apartments at $3,500-4,700 per sq.m. Total proceeds from the project are estimated at $50 million.

The Hashoftim lot has been at the center of longstanding disputes. Ashdar and Sahar Development bought the lot in equal shares ten years ago from the National Insurance Institute for a then-record $8.1 million. They planned to build the luxury high-rise themselves last year, but apparently decided it was more worthwhile to sell the lot.

Published by Globes [online], Israel business news - www.globes.co.il - on April 6, 2006

© Copyright of Globes Publisher Itonut (1983) Ltd. 2006

I love it, great new development.

yeah and from the last news the Sitonai towers (4 towers) will 60 floors and not 44!

Beautiful designs and a modern city
It looks like US rather than middle east


that's what I thought too, by looking at some of the pictures (especially pictures with that expressway crossing through the city). but that's only one face of tel aviv. Ive seen plenty of pictures where tel aviv is looking very european (especially the street life). with 80 towers over 40 floors planned this surely will change soon...

discount tower almost finished (30f)

http://img100.imageshack.us/img100/1531/12155nh.jpg (http://imageshack.us)

http://www.globes.co.il/serveen/
WIZO may rezone Tel Aviv property

The Tel Aviv District Court rejected an appeal by residents of a WIZO-owned senior citizens home against the move.

Yitzhak Danon 16 Apr 06 15:32

The Tel Aviv District Court has rejected an appeal by residents of a WIZO-owned senior citizens home against plans by WIZO (Women's International Zionist Organization) to rezone the property in which they currently live.

“Having studied the arguments by both sides, I am satisfied that there is no pressing urgency for the temporary injunction requested by the appellants, since the process of approval and implementation of the plans to which the appellants have objected will take several years to reach fruition,” ruled Tel Aviv District Court deputy president Yehuda Zaft, as he rejected a motion by 22 residents at the WIZO old-age home in David Hamelech Street against the rezoning of the property.

The home is situated on a 15 dunam (3.75 acres) lot, which, it was alleged, is to be used by WIZO for the construction of a luxury high-rise. WIZO dismissed the petition, saying that it had no plans to close the senior citizens home as long there were residents who wished to continue living in it. It added that the appellants did not have the right to demand that WIZO continue to run the old-age home indefinitely.

Published by Globes [online], Israel business news - www.globes.co.il - on April 16, 2006

© Copyright of Globes Publisher Itonut (1983) Ltd. 2006

Discount bank
http://i3.tinypic.com/w7g521.jpg

Azrieli 3 (third floor)
http://i3.tinypic.com/w7g7jd.jpg

http://www.globes.co.il/serveen/
Tel Aviv wholesale market to close tomorrow

The Tel Aviv municipality is planning the 1,600-apartment and commercial Kikar HaShuk complex for the site.

Sapir Peretz 26 Apr 06 14:28

The moment of truth has arrived. The Tel Aviv wholesale produce market, located between Carlebach St., Petah Tikva St. and Hashmonaim St., will close tomorrow for the last time at 5 pm.

The Tel Aviv wholesale market was scheduled to close on February 28, but the Tel Aviv municipality was forced to postpone the date by two months because the alternative wholesale market at Zerifin, which is supposed to absorb the Tel Aviv wholesalers, was not ready. Tel Aviv municipality director general Menachem Leibe has notified 22 Tel Aviv wholesale market traders that the market will be closed down on April 27.

The traders, who oppose the move to Zerifin, announced today that they would not move.

Kikar Hashuk manager Zvi Somekh said on behalf of the Tel Aviv municipality that he saw no reason to stop the closure of the wholesale market. Kikar Hashuk is the luxury residential project due to built on the site.

Vacating the Tel Aviv wholesale market has been under discussion for decades, and went into high gear in 1989, when the leases of some traders in the market expired. The Tel Aviv municipality wants the 50-dunam (12.5-acre) market site for the Kikar Hashuk residential project, but has not been able to reach an agreement with the market’s traders who are demanding an alternative site, due to be built at Messubim Junction outside Tel Aviv, or fair compensation. Material disagreements arose at the outset of negotiations, and the subject soon ended up in court.

A group of wholesale market traders claim their leases are protected, and are demanding an average compensation of $500,000 per trader. The Tel Aviv municipality claims that the leases are not protected, and the tenants are ineligible for compensation. However, in order to expedite construction of commercial space and 1,600 housing units on the site, the municipality has offered $160,000 in compensation to each trader. The traders have ridiculed this figure.

Negotiations between the parties have been called off, and the traders’ request for the courts for an injunction to block the vacating of the wholesale market has not been heard yet.

Published by Globes [online], Israel business news - www.globes.co.il - on April 26, 2006

© Copyright of Globes Publisher Itonut (1983) Ltd. 2006

http://www.globes.co.il/serveen/
It’s official: 2nd IKEA Israel to open in Rishon LeZion

Matthew Bronfman will invest $20 million in the store and adjacent commercial center.

Vered Sharon-Rivlin 26 Apr 06 12:07

After reviewing a number of sites for the second IKEA store in Israel, it is now official: IKEA Israel owner Matthew Bronfman has won an Israel Land Administration (ILA) tender for a site for the store and accompanying commercial center.

Bronfman will buy a 100-dunam (25-acre) lot in the Soreq triangle area in southern Rishon LeZion. The IKEA store will cover 35,000 sq.m., and a commercial center will be built on the rest of the lot at an estimated investment of $20 million.

IKEA Israel had considered a 100-dunam (25-acre) site in Argaman lot in the Yavne industrial zone, and a lot in the Holon industrial zone. The idea is to exploit the movement of shoppers at IKEA to generate revenue at a complete commercial zone. IKEA Israel will lease properties to various retail businesses for this purpose.

Ganden and , Tiv Taam Hacarmel Holdings Ltd. have built stores near first IKEA store at the Poleg junction in southern Netanya, in order to exploit the shopper traffic generated by IKEA. Bronfman wants to benefit personally from the same traffic at the second store, by being the landowner. He will presumably build a commercial center anchored by Blue Square Israel Ltd. (NYSE: BSI; TASE: BSI), and a branch of Israel Discount Bank (TASE: DSCT), both of which he is a controlling shareholder.

Bronfman plans to open the second IKEA Israel store by the end of 2007, at an investment of $10 million.

Bronfman acquired IKEA Israel last year from Co-Op Blue Square Consumer Cooperative Society (Co-Op) and Albert Gnat at a value of NIS 219 million. IKEA Israel posted a net profit of NIS 35 million on NIS 345 million in sales in 2004. The second store is expected to boost the company’s revenue to NIS 500 million.

Published by Globes [online], Israel business news - www.globes.co.il - on April 26, 2006

© Copyright of Globes Publisher Itonut (1983) Ltd. 2006

Well thats good :)

I just care that Ashdod didnt get it :)

this will be big in the gush dan area

NEW FROM Azrieli 3 :)

http://img2.tapuz.co.il/forums/76726901.jpg
http://img2.tapuz.co.il/forums/76650652.jpg
http://img2.tapuz.co.il/forums/76726669.jpg
http://img2.tapuz.co.il/forums/76465722.jpg
http://img345.imageshack.us/img345/8628/universun735rp7oj.jpg

http://img345.imageshack.us/img345/9017/universun689na2wg.jpg

http://img345.imageshack.us/img345/6753/universun633vr4ok.jpg

Sde dov airbase will be moved to a man-made island, and a huge residential are will be built instead on 1300 dunams.

The airbase has to be moved to also allow for a mini-city of skyscrapers - to lift height restrictions to allow for taller towers and luxury beach hotels, in a huge project worth $20 billion, and also because of noise complaints by current residents in north tel aviv.

The airbase will move in seven years. The island will include a 4000 sqm terminal, not known if it will be a second international airport that will compete with natbag. The new airport construction will cost $1 billion.

The island will be built 1.5 kilometers from the sea, where glilot interchange is, and will be linked by a highway from there.

new transport minister Mofaz will give it "national priority" status, and it will be approved in a few months.

Thanks for the pics-

Definitely some great projects underway in Tel Aviv- as well as some great completed ones- I didn't realise that the city was as dense as it is- maybe its just the vantage point, but looks great- especially with coastline in the background.

p5

MORE FROM TLV :)
fuck u arabs
http://img377.imageshack.us/img377/3277/544339706wx0kf.jpg


http://img8.imageshack.us/img8/4251/pict00709ok.jpg

http://img367.imageshack.us/img367/4353/pict00646fd.jpg

http://hydepark.hevre.co.il/hydepark/upload07/051013_180005-1205_111.jpg

http://img185.imageshack.us/img185/8951/untitled2copy5id.jpg

http://img352.imageshack.us/img352/6987/8891566l1nd.jpg

http://www.photodump.com/direct/toreno/29054746.jpg

http://img322.imageshack.us/img322/5074/2fs7ek.jpg

http://img63.imageshack.us/img63/6286/615758005kq.jpg

http://img275.imageshack.us/img275/5443/395666648bldksuph4xz.jpg

http://img113.imageshack.us/img113/9549/pict00739jq.jpg

http://img181.imageshack.us/img181/6946/tadh1827ca8tt.jpg

Wow good news thanks guys...

http://www.globes.co.il/serveen/globes/docview.asp?did=1000088750&fid=942
Tel Aviv Planning C’tee approves 21-storey Rothschild-Herzl tower

Two buildings adjacent to the new tower will be preserved, financed by transferring building rights to the tower.

Guy Yamin 7 May 06 13:55

A Tel Aviv Regional Planning and Building Commission subcommittee has approved plans for. 21-storey tower at the corner of Rothschild St. and Herzl St., as well as the preservation of five buildings on Rothschild St. The tower will be for mixed office, commercial and residential use in 17,000 sq.m. of main space and 19,700 sq.m. of service space.

Two buildings adjacent to the new tower, one of Allenby St. and the other on Segula St., will be renovated. The remaining building rights on the secondary lots were not exploited and transferred to the main lot, in order to finance the preservation of the buildings.

Published by Globes [online], Israel business news - www.globes.co.il - on May 7, 2006

© Copyright of Globes Publisher Itonut (1983) Ltd. 2006

The boardwalk looks great!

^^agree:D

http://www.globes.co.il/serveen/globes/DocView.asp?did=1000090118
Tidhar buys Tel Aviv’s Beit Lessin site for $38m

The company will pay half in cash, and half in a combination deal. The site is zoned for a 31-storey high-rise.

Guy Yamin 10 May 06 15:46

Sources inform ''Globes'' that Tidhar Construction Ltd. has bought the Beit Lessin site on Weizmann St., Tel Aviv, from the Rahamim family of the UK for $38 million. Tidhar, owned by co-CEOs Gil Geba and Arie Becker, Kobi Rogovin and US investors, bought a nine-dunam (1.75-acre) prime location lot occupied by the Lessin Theater and several three-storey buildings.

Tidhar will pay half the price in cash, and the rest in a combination deal, under which the Rachamim family will receive apartments worth $19 million in the project planned for the site.

In 2004, the Tel Aviv Local Planning and Building Commission approved a 31-storey high-rise and an 800-place partly underground parking garage for the site, reflecting 300% building rights, subject to demolition of some of the present structures. The Urban Building Plan (UBP) defines the lot as “brown area” zoned for public use.

Under the plan, 26,820 sq.m. of residential space and 3,130 sq.m. of commercial, office and public space will be built.

Over the past two years, the Tel Aviv municipality and landowners have been promoting a site-specific UBP for the lot with 450% building rights. The Tel Aviv Regional Planning and Building Commission is now discussing the application for the change.

Ownership of the Beit Lessin lot has already changed hands twice in recent years. The Histadrut (General Federation of Labor in Israel) sold the lot, including future building rights, to a group of investors for $14.2 million in 1999. Then State Comptroller Eliezer Goldberg sharply criticized the Histadrut for selling the lot without a tender. A few years later, the lot was again sold to the Rachamim family. The sellers made a profit of a few million dollars. Today, with the Tel Aviv luxury residential market at a peak, the lot has been sold for a third time, this time at a huge profit.

Tidhar is seeking a partner for the deal, in order to reduce its risk and financing costs.

Published by Globes [online], Israel business news - www.globes.co.il - on May 10, 2006

© Copyright of Globes Publisher Itonut (1983) Ltd. 2006

• Park Tzameret Tel Aviv

http://img2.tapuz.co.il/forums/77823156.jpg

http://img2.tapuz.co.il/forums/77818634.jpg


bezek tower

http://img2.tapuz.co.il/forums/77526385.jpg

Park Towers

A Gateway to Tel Aviv
http://img2.tapuz.co.il/forums/77525525.jpg

http://img2.tapuz.co.il/forums/77525353.jpg

http://img2.tapuz.co.il/forums/77525429.jpg

http://img2.tapuz.co.il/forums/77525470.jpg

http://www.globes.co.il/serveen/globes/DocView.asp?did=1000091706
Mercury Interactive to build 8 storeys in Yehud

The company already has two buildings in the area.

Guy Yamin 15 May 06 13:32

Mercury Interactive Corp. (Pink Sheets:MERQ) will build an eight-storey office building in the Yehud industrial zone, east of Tel Aviv. The company already has two buildings in the area.

The local planning and building commission changed the character of the Yehud industrial zone with this decision; until now only three-storey buildings were approved. Yehud-Monoson Mayor Yossi Ben-David has said more than once that he wanted to turn the town’s industrial zone into one resembling Kiryat Atidim in Tel Aviv.

Published by Globes [online], Israel business news - www.globes.co.il - on May 15, 2006

© Copyright of Globes Publisher Itonut (1983) Ltd. 2006

Recent shots of the Neve Tzedek and Bank Discount Towers by dov.

http://img242.imageshack.us/img242/3677/216rl.png

New tower for Tel Aviv in Rotchild-Nehalat Benjamin st.

17F
http://i4.tinypic.com/10ercc3.jpg

http://www.globes.co.il/serveen/globes/docview.asp?did=1000094977&fid=942
Ampa in talks to sell Tel Aviv lot for $45m

A Texas company wants to build a 50-storey tower on the site for $80-85 million.

Guy Yamin 23 May 06 16:29

Sources inform ''Globes'' that Ampa Real Estate Ltd. is in advanced negotiations with a Houston, Texas, developer to sell a lot in the Amcor compound on Yigal Allon St., Tel Aviv, slated for a 50-storey skyscraper. The Texas company is offering $45 million.

The lot is located next to Beit Ampa, whose construction and marketing are almost complete. If the Texas company, owned by five foreign investors, buys the lot, it will build a 50-storey skyscraper on it, at an additional investment of $80-85 million, bring the investment to $130 million.

Ampa Real Estate, owned by the Nakash brothers and the Fogel brothers, is the sole owner of the 25-dunam (6.25-acre) lot, which is being offered a very attractive price, given its location.

MAN Properties agent Haim Toronto, who specializes in marketing offices in central Israel, said that if a deal is concluded, the building would probably be built in four years, and it would be marketed in a completely different market. “There is almost no supply of offices in the area now. Azrieli’s Canit Hashalom Investments, for example, has changed the use of the Square Tower to a hotel. In my opinion, in four years time, the most serious competition to the foreign group will be the Diamond Exchange compound in Ramat Gan. Kobi Rogovin is planning to build a large office building there, and other developers are also sensing a revival in the office market.”

Published by Globes [online], Israel business news - www.globes.co.il - on May 23, 2006

© Copyright of Globes Publisher Itonut (1983) Ltd. 2006

Azrieli 3 tower
http://i4.tinypic.com/110dw05.jpg

That's great news. Do you have pics of the construction?

i was in Tel Aviv last week, I when i return to airport on sunday, i saw the beginning of the construction when the train passed near the Ashalom station. I wonder if it really was the Azrieli Third Tower, now I have the confirmation thanks to this forum, morever the Tower has a square shape, so it's the good one! :)

^^wooow nice...did u like Tel Aviv?
where are u from?

diagrams showing part of the ~100 approved towers for Tel Aviv metro , credit to MakkabI

scroll > > > > > > >

']http://img1.tapuz.co.il/forums/26980267.jpg


http://img1.tapuz.co.il/forums/26980131.jpg


http://img1.tapuz.co.il/forums/26979946.jpg


http://img1.tapuz.co.il/forums/26979785.jpg

scroll > > > > > >

NOTE: Only about 1 to 5% of these building in these diagrams were completed....... such as City Gate in Ramat Gan & Sail Tower in Haifa... etc...

NOTE 2: There is very very few building diagrams of Jerusalem & Haifa in these diagrams.......

NOTE 3: These future building diagrams pictures was made by a_r_u from Tapuz skyscrapers forums...


EnJoY
cheers :)
:colgate:


First row
1. I don't really know what this is.. but it's something like "M-T-KH-M" 2000 << this is part one, and there seems to be a smaller one called part II.
2. Natzva Tower (Bet Agd)
3. Yede'ot Ahronot Tower (isn't this the name of a newspaper?)
4. This one sounds odd.. has a lot of "kh" in it.. "T-KH-N-T H-KH-KH"? (Orot Rebio?) - ouch, my throat hurts when I read it - there must be something wrong
5. Ampa Tower
6. Ashkelon (this also has that strange word in it.. it also looks like building number 4 with the same word... maybe this strange word describes the shape.. which is kinda odd.. oh.. building 4 is called "khadra" i think)
7. Metkhem I 2000 (this is maybe the baby brother of building 1)
8. Sh'er Ha-Eer (I think it means "Town Gate")
9. Elite Tower
10. Matrog Tower

Second row
11. Darom Ha-Qarya Tower (Translation: South Town)
12. Ha-Yaqom
13. Darom Ha-Qarya (This building has the same name as #11)
14. Renault Tower (I dunno if they mean the French car company)
15. Rothschild Plaza Tower
16. Azrieli Ha-Agool (Translation: Round Azrieli)
17. Kekarot Shaul Ha-Melek IV (Translation: something King Saul IV)
18. Ta'eesh Tower
19. City Gav'atyeem (Translation: City Hills)
20. Moskhi Den << sounds wrong
21. Peyeen Tower << so does this
22. City Tavor (Tour?)
23. Qarmarman Tower
24. Azrieli Ha-Masholesh (Translation: Triangular Azrieli)
25. Gav-at Amal Tower (Amal Hill)

Third row:
26. Ha-Seenrama Tower (Do they mean "Cinema"?)
27. Kekarot Shaul Ha-Melek I
28. Darom Ha-Qarya Tower (How many of these towers are there?)
29. Qeryet Ha-Momashela
30. Ha-Been Lawmi Tower
31. Azrieli Ha-Rivotz
32. Ha-Soknot Ha-Yehudit Tower (House of the Jews?)
33. Nuh Adaq Tower
34. Dan
35. Reedeenag (this looks like some sort of factory, and has the same strange word before it as buildings 4 & 6)
36. Ha-Dolphinreyom Tower
37. Lewinstein Tower
38. Ha-Seenrama Tower (repeated name)
39. Sitonai Tower
40. Metkhem Atidim Tower
41. Shomael (Samuel)
42. Shalom Tower << sounds sexy
43. Mashred Ha-Betkhon Tower
44. Omret III Tower
45. Gazit Tower
46. Ha-Tatzpit Tower
47. Paneenet Ha-Yam Tower (Something Sea Tower)
48. I.E.C Tower (Haifa)
49. Bet Feeneeqes (Phoenician House?)
50. Ala Tower (Ha-Maneefa Tower)
51. Eilon Business
52. Tel Aviv Tower
53. Gav-at Amal Tower (Khavas Tower)
54. Farzidanat Tavor (Tavor=Tower?)
55. Bank Discount Tower
56. Lov Ha-Eer Tower (Heart of the City Tower)
57. Bari Nehrad'a Tower
58. Metkhem Lewinsky << ahahaha
59. Tzameret I Tower
60. Ha-Yahlomeem Tower
61. Dezengoff Tower
62. Alkhanen Tower
63. B.S.R I Tower
64. Ha-Congress Tower
65. Netanya Tower
66. Ein Senator

Fourth row
67. Bet Reubenstein
68. Ha-Momashela Tower (Haifa)
69. Kokev Ha-Yam Hotel (Sea Planet Hotel)
70. Yerkon Tower
71. Atidim Tower
72. Bet Angeel
73. Uptown Center
74. Ward Tower
75. Rothschild 10
76. Kolno' Tel Aviv Tower
77. Lisin Tower
78. Shel Yosef Boktaman
79. Galit Tower
80. Megdalot
81. Kekar Ha-Madina Tower
82. Arlov Tower
83. Ashkol Tower (Haifa)
84. Rove' Ramveyeem
85. B.S.R II Tower
86. Landsberg Tower
87. Bet Arka
88. Lov Ha-Farok
89. Darom Ha-Qarya Towers
90. Ha-Faltinyom Tower
91. Ha-Tikon Tower
92. Ha-Miknyom Tower
93. Gen Ha-Eer
94. Bet Arifa Yeshral
95. Retzel Tower
96. R.A.K Tower
97. Toyota Tower
98. Ha-Metkayeel Tower
99. Sonol Tower
100. David Hamler Tower
101. Bazak Tower
102. Sheraton Hotel
103. Ha-Opera Tower
104. Crowne Plaza Hotel
105. Ha-Rakbet Tower
106. Kekar Ha-Madina Tower
107. Bet N.I.P
108. Bet Zebotinsky
109. Dorey Oakman Tower
110. Bet Kalal
111. Borsat Ha-Yahlomeem Towers
112. Berkovitzy Tower
113. Bet Zion
114. Diovid Intercontinental Hotel
115. Africa Yeshral Tower



Translate by BulldozerGirl



THANKS ALOT ~ BulldozerGirl for translate these into English....

http://i5.tinypic.com/11j94ip.jpg
Azrieli no.3

Gazit-Globe Israel buys 50% of Tel Aviv large lot lot for $11m

The lot, on the first building line from the water, is zoned for a 16,000-sq.m. mixed commercial, office and residential building.

Guy Yamin 28 May 06 11:18

Sources inform ''Globes'' that Gazit-Globe Ltd. (TASE: GLOB) subsidiary Gazit-Globe Israel Ltd. has bought half of a 5.5-dunam (1.375-acre) lot in the so-called large lot in Ramat Aviv, Tel Aviv from Adv. Moshe Shoob for $11 million. The lot is located on the first building line from the water at the end of Levi Eshkol St. Shoob will keep the other half of the lot.

Under the Urban Building Plan (UBP), the lot is zoned for a 16,000-sq.m. mixed commercial, office and residential building. Gazit-Globe Israel, which specializes in the building and running of shopping centers, will probably build a 6,000-sq.m. power center on the site, adjacent to office and residential buildings.

Published by Globes [online], Israel business news - www.globes.co.il - on May 28, 2006

Tel Aviv new projects - soon part 2!!
:banana: :cucumber:

Zohar, you are beeing confiscated by the people of Rishon Le-Zion, because of underestimating the supremacy of our Ohchot and Buchot!
:sleepy:

^^:rofl:

Some more updates from the Israeli fourm.

Neve Tzedek and Bank Discount Towers
http://img513.imageshack.us/img513/2052/neve10sg.png

Aviv Begimmel Tower
http://img149.imageshack.us/img149/2000/dscn08969fc6pk.jpg

Yoo Towers
http://img398.imageshack.us/img398/1787/156430100a5e12bd21bb8dc.jpg

Phoenix tower in Rotschild st. is starting in a few months!!!!!!!!
great skyline for this area:
Africa-Israel tower,Discount bank,Leumi Bank,Mizrahi bank and now Fenix tower
http://i5.tinypic.com/11simf6.jpg

It was said that the Phoenix Tower will have a new ownership, but I can't seem to get the article from Globes while using Firefox yet it does show up on IE easily.

Azrieli tower U/C:
http://i5.tinypic.com/13yqdd0.jpg

*******.com/video]*******.com dan videolar izleyebilirsiniz video (*******.com[url) [/url]

ha?

Here is a more recent shot from the Israeli fourms from matrix2020 on the One and Yoo Towers.

http://img371.imageshack.us/img371/2797/one06114mo.jpg

Nice Updates!

Nice pictures.

Good News, Tel Aviv rises

Good News, Tel Aviv rises in the sky

The Sitonai Market is now being demolished for the appartment complex that will go over it.

http://img122.imageshack.us/img122/5092/pict00494xb.jpg

hm. somthing tells me they're not gonna be built..hope i'm wrong!

why do u think so?????????????/

I mean the one's that u can see in the diagrams...let's start with the fact that few of them were canceled, and that there were so many plans but only few of then actually happend...unfortunaly it takes alot of time from the planning to the building, and during this time some of them get canceled or "on hold"

oh,i thought u speak about Sitonai towers,Sitonai towers are going to start in next few months:)

where can i see the design?

that's for u:)
4 buildings 45F and 37 buildings 11F
http://i6.tinypic.com/14avud3.jpg

Azrieli 7th floor
http://i5.tinypic.com/14agzl5.jpg
http://i6.tinypic.com/14ah0gm.jpg

and that's the final design? cool! can't wait

yes,that's the final design

the circle building is cool ^_*

tel aviv big lot,
50 new towers u/c

http://img157.imageshack.us/img157/9633/pict00423ku.jpg (http://imageshack.us)

http://img19.imageshack.us/img19/3396/pict00378hm.jpg (http://imageshack.us)

http://img152.imageshack.us/img152/9168/pict00364jd.jpg (http://imageshack.us)

http://img48.imageshack.us/img48/5043/pict00468la.jpg (http://imageshack.us)

http://img138.imageshack.us/img138/47/pict00441kf.jpg (http://imageshack.us)

http://img138.imageshack.us/img138/5989/pict00418no.jpg (http://imageshack.us)

It's like a whole new neighborhood is being born from scratch.

oh what an impresive grown skyline...stunning

80 skyscrapers are planned (40 FL. - 102 FL.),most approved ,for Tel Aviv and more towers in TA metro area in Ramat Gan and in Givataym


apanorama illustrating part of Tel Aviv u.c projects, out of the 100 approved towers.

scroll >>>>>>>>>
http://img133.imageshack.us/img133/7956/copyofx1es.jpg

Tzameret park is 12 new towers,not 13

is the phoenix tower actually under construction? I didn't see anything over there last week. on sunday and monday they actually started putting up more steel superstructure on the Beinleumi building!

i don't think it's U/C!!!

i don't think it's U/C!!!

that's what I thought, that diagram said UC for it... and several others that are not actually under construction yet. As far as I saw only one tower in addition to the Yoos is being worked on in Tzameret, and Trump Elite is certainly not UC ....

where are u from?Israel?

ohio, but I spent the last month hanging out in Florentin

come to Israeli forum and tell us about u'r vacation:)

Awesome news...

:)

yeah:)

Donald Trump is going to build the tallest building in Israel (70F)The building will be built in Ramat Gan,Tel Aviv's suburb
the construction is going to start in a year!

its about time!

Aviv ba Tzameret is started today!(30F)
http://www.imgcity.net/server/primary/{0F7CFAF7-588F-4A06-8B0C-C42B10BC97FA}_NE-SW.jpg

thats good!

Aviv ba Tzameret is started today!(30F)
http://www.imgcity.net/server/primary/{0F7CFAF7-588F-4A06-8B0C-C42B10BC97FA}_NE-SW.jpg

Is this the future of Israel's resedential architecture?
It looks as if the architectures of Tzameret and the Yoo had finally found a design, suitable by their opinion, to the main look of resedential housing in Tel Aviv city.
And I must say I don't like it at all!

Too many israeli skyscrapers have this concrete-made-marble-covered beehive facade structures. I hurts my eyes!

Please, please tell me that concerning the W Tower and the One Tower and this Aviv ba Tzameret Tower - they look the same because the general style of the Tzameret site. no further than that...

One tower is very different..in Israeli forum u can see all renders of Park Tzameret towers

What is this W tower?
does it have anything to do with Starwood's W hotels?
Tel Aviv is in serious need of a W....

W tower is 46F in Park Tzameret neighbourhood

http://www.globes.co.il/serveen/
Fourth tower planned for Diamond Exchange

The 43,000-sq.m. 35-storey Opal Tower will be linked by a bridge to the Diamond Exchange’s rough diamond hall.

Ron Paz 29 Jun 06 15:33

The Ramat Gan diamond exchange is expanding. Construction of a fourth tower will begin within a few months. The Israel Diamond Exchange currently comprises the Shimshon Tower, Maccabi Tower, and Israel Diamond Exchange Tower. Construction of the fourth tower will take 3-4 years. Architects Amnon Niv and Amnon Schwartz of Amav Planning & Engineering Ltd. will design the building.

The Tel Aviv Regional Planning and Building Commission has already approved the new tower, which will be built on part of the site formerly occupied by United Dairies, next to the former Elite compound, recently sold to Donald Trump. The site is on the southern side of Jabotinsky St., across the street from the rest of the Diamond Exchange. The new building will be linked to the rest of the Diamond Exchange by a closed and secure pedestrian bridge directly into the rough diamond hall.

In line with a call by Ramat Gan Mayor Zvi Bar to call new towers after precious stones, the new tower will be called the “Opal Tower”.

The Opal Tower will have 35 stories and 43,000 sq.m. gross space, including a five-storey underground parking garage. The building is slated only for diamond merchants and related diamond services and will be an integral part of the Diamond Exchange.

Russian state diamond company Alrosa, which controls a third of the world’s rough diamonds, announced this week that it would shortly open a branch in Ramat Gan. The announcement was made at the 32nd World Diamond Conference now underway in Tel Aviv.

Published by Globes [online], Israel business news - www.globes.co.il - on June 29, 2006

http://www.globes.co.il/serveen/
Donald Trump completes $44m purchase of Elite site

Trump plans to invest $300 million in the construction of a 70-floor luxury high-rise on the site in Ramat Gan.

Guy Yamin 25 Jun 06 15:34

US real estate tycoon Donald Trump and Crescent Heights announced today that they had completed the acquisition of the Strauss-Elite (TASE: STEL) compound in Ramat Gan for $44 million. Trump and Crescent Heights will invest $300 million in the construction of a luxury exclusive 70-floor high-rise. Elite is expected to make a capital gain of NIS 120 million on the deal. Located opposite the Diamond Exchange, “Trump Tower” is Trump’s first project in Israel and will be the country’s tallest high-rise.
In March 2005, Elite signed an MOU for the sale of the compound to Weinstein and Katan, which made an initial down payment of $1 million. They were to have made a further payment of $2.5 million, but when they failed to do so Elite informed them in writing that the deal had been voided due to their failure to make the required payments. Trump and Crescent Heights, controlled by Sonny Kahn, offered a similar price.

Donald Trump said today, “We are developing an asset that will have a clear identifying mark, and will set a new benchmark for luxury apartment blocks in Israel.” He added that he was confident that Israel was headed in one direction only - upward. “I have been negotiating on this site for more than a year and I’m very excited,” he said.

Crescent Heights national VP marketing Brian Duchman said, “Donald Trump is an international icon who sets new standards in luxury accommodation. Israel is ready for the development of high-quality residential properties.”

Trump founded the Trump Organization in 1980 as an umbrella grouping for all his real estate projects and affiliated entities. He is currently developing luxury apartment schemes, hotels and golf courses in Chicago, Las Vegas, Los Angeles, New Jersey, Aberdeen, Scotland, Seoul, South Korea, and elsewhere.

Crescent Heights was founded more than 25 years ago and is one the largest housing development corporations in the US. It is represented in Israel by Tito NS Architects, which has also been engaged as designer for the Ramat Gan project.

Published by Globes [online], Israel business news - www.globes.co.il - on June 25, 2006

the trump stuff is old news...

80 skyscrapers are planned (40 FL. - 102 FL.),most approved ,for Tel Aviv and more towers in TA metro area in Ramat Gan and in Givataym

Opal tower Ramat Gan/Tel Aviv metro

http://img184.imageshack.us/img184/6766/1wa4ek.jpg

Fourth tower planned for Diamond Exchange
The 43,000-sq.m. 35-storey Opal Tower will be linked by a bridge to the Diamond Exchange’s rough diamond hall.
Ron Paz 29 Jun 06 15:33
The Ramat Gan diamond exchange is expanding. Construction of a fourth tower will begin within a few months. The Israel Diamond Exchange currently comprises the Shimshon Tower, Maccabi Tower, and Israel Diamond Exchange Tower. Construction of the fourth tower will take 3-4 years. Architects Amnon Niv and Amnon Schwartz of Amav Planning & Engineering Ltd. will design the building.
The Tel Aviv Regional Planning and Building Commission has already approved the new tower, which will be built on part of the site formerly occupied by United Dairies, next to the former Elite compound, recently sold to Donald Trump. The site is on the southern side of Jabotinsky St., across the street from the rest of the Diamond Exchange. The new building will be linked to the rest of the Diamond Exchange by a closed and secure pedestrian bridge directly into the rough diamond hall.

In line with a call by Ramat Gan Mayor Zvi Bar to call new towers after precious stones, the new tower will be called the “Opal Tower”.

The Opal Tower will have 35 stories and 43,000 sq.m. gross space, including a five-storey underground parking garage. The building is slated only for diamond merchants and related diamond services and will be an integral part of the Diamond Exchange.

Russian state diamond company Alrosa, which controls a third of the world’s rough diamonds, announced this week that it would shortly open a branch in Ramat Gan. The announcement was made at the 32nd World Diamond Conference now underway in Tel Aviv

Whats the 102 floor tower? The one on top of the train station?

The Tapuz fourm has some updates for Park Tzamaret.

Yoo and One Towers
http://img2.tapuz.co.il/forums/1_81219467.jpg

W-Tower
http://img2.tapuz.co.il/forums/1_81219606.jpg

Aviv Tower
http://img2.tapuz.co.il/forums/1_81219539.jpg

wow it's really going fast! :)

80 skyscrapers are planned (40 FL. - 102 FL.),most approved ,for Tel Aviv and more towers in TA metro area in Ramat Gan and in Givataym


there is atall crane ,(some 50 meter) above Manhatten building site.
and more digging around park Tzameret lots.

and the third Azrieli tower under construction:

http://img382.imageshack.us/img382/6905/getimage68se.jpg

http://img382.imageshack.us/img382/9196/getimage79xi.jpg

80 skyscrapers are planned (40 FL. - 102 FL.),most approved ,for Tel Aviv and more towers in TA metro area in Ramat Gan and in Givataym



Trump Plaza Tower

the highest residential tower in the world - 80 fl. 300 million $.

the render as published on the newspaper,can be changed.
http://img2.tapuz.co.il/forums/1_81355928.jpg

looks like the Azrieli square will be up to full height in a couple of months!

I was just in tel aviv today, the city looks sooooo good! coming from north on ayalon highway, the city looks very impressive. i wanted to take a camera, but my sister's using it :/ but YOO looks weird, u can't really see the windows and it looks kinda unfinished (when u look at the renders)

So is this the picture of the Trump tower?

Looks nice...but seems like a 30 storey building