dov
June 19th, 2005, 05:14 PM
Local board approves for deposit 35-storey tower on Assuta site
Gad Zeevi offered to sell the lot for $48 million, but accepted a conditional offer of $45 million.
Guy Yamin 19 Jun 05 14:02
The Tel Aviv local planning and building commission last week approved a plan on deposit at the Regional Planning and Building Board for a 35-storey residential high-rise on the former site of the Assuta Medical Center on Jabotinsky St. in Tel Aviv.
The lot includes 24,000 sq.m. of built-up space. The plan authorizes construction of 220 apartments: 180 in the tower and 40 in the hospital building already on the site. Construction of 24,000 sq.m. of commercial space was also approved.
The developers of the project are Mirage, owned by businessman Gad Zeevi, and a company owned by Dan Goldstein and Jack (Yaki) Dunietz.
Zeevi needs cash, and therefore recently agreed to sell the Assuta site for $48 million. He received offers from three large entities, which offered an average of $45 million, provided construction of the high-rise was approved. It is believed that he will now be able to sell the site to one of the three bidders.
The plan passed its first hurdle, the local planning and building commission, but objections from many local residents are expected to be filed at the stage of deposit with the Regional Board.
Gad Zeevi offered to sell the lot for $48 million, but accepted a conditional offer of $45 million.
Guy Yamin 19 Jun 05 14:02
The Tel Aviv local planning and building commission last week approved a plan on deposit at the Regional Planning and Building Board for a 35-storey residential high-rise on the former site of the Assuta Medical Center on Jabotinsky St. in Tel Aviv.
The lot includes 24,000 sq.m. of built-up space. The plan authorizes construction of 220 apartments: 180 in the tower and 40 in the hospital building already on the site. Construction of 24,000 sq.m. of commercial space was also approved.
The developers of the project are Mirage, owned by businessman Gad Zeevi, and a company owned by Dan Goldstein and Jack (Yaki) Dunietz.
Zeevi needs cash, and therefore recently agreed to sell the Assuta site for $48 million. He received offers from three large entities, which offered an average of $45 million, provided construction of the high-rise was approved. It is believed that he will now be able to sell the site to one of the three bidders.
The plan passed its first hurdle, the local planning and building commission, but objections from many local residents are expected to be filed at the stage of deposit with the Regional Board.