Good news, the project which was on hold for a few years was bought by new owners and finally the Dizingof-Frishman Tower will be built . that's a nice looking building :) .

http://www.telavivinf.com/prat/future/mig/dizingof_fri/pic1.jpg
Dizingof-Frishman Tower (http://www.telavivinf.com/prat/future/mig/dizingof_fri/page.html)

Schecter, Nemdar buy Kahtan's Dizengoff project for $15m
The sale amounts to a third of the Kahtan brothers debt to Discount Bank.
Guy Yamin 1 May 05 12:13

Diamond dealers Nemdar and Schechter have bought Eliahu and Ezra Kahtan's project at the corner of Dizengoff St. and Frishman St. in Tel Aviv for $15 million, a third of the Kahtan's debt to Israel Discount Bank (TASE: DSCT).
The privately owned three-dunam (0.75-acre) site is zoned for the construction of a 10,000-sq.m. 18-storey luxury residential high-rise with 100 apartments, and a 13,500-sq.m. four-storey underground parking garage.

In July 2003, Discount Bank claimed that the Kahtan brothers were in breach of their financing agreement from the project's early stages, and that the bank sought to foreclose the NIS 200 million lien on the property.

Nemdar-Schechter is Israel's second largest diamond exporter, after Lev Leviev's LLD Diamonds, with $431 million in exports in 2004.

Published by Globes [online], Israel business news - www.globes.co.il - on May 1, 2005

Present status : "on hold" \/
http://www.telavivinf.com/prat/future/mig/dizingof_fri/pic3.jpg

wooow thanx,good news!

NICE