August 19th, 2005, 08:17 AM
Ofer brothers and private owners of 2 lots in one of Tel Aviv's last beachfront lots have settled a dispute in court and the two 25 floor and 16 floor towers are now going ahead after 10 years of planning and courts.
The towers will probably be the most expensive ever in Tel Aviv with a 80-100 meter flat on top floors going for $1-1.5 million each ($10,000+ per sqm.)
(reported yesterday in globes and yediot)
August 19th, 2005, 04:08 PM
August 20th, 2005, 01:42 AM
August 20th, 2005, 06:08 AM
August 22nd, 2005, 05:26 AM
Supreme Court settles Tel Aviv beachfront property dispute
170 housing units will be built on Herbert Samuel St. between Nehemia St. and Daniel St.
Dalia Tal 21 Aug 05 11:11
The Supreme Court has accepted the position of the assessor appointed to settle the dispute between private landowners, Ofer Brothers and the Israel Land Administration (ILA) concerning two of the most expensive lots in Tel Aviv. It will now be possible to build 170 housing units on Herbert Samuel St. between Nehemia St. and Daniel St. The value of the lots is especially high, following approval of National Outline Plan 13, which restricts residential seafront construction.
The project includes two buildings, one with 100 apartments and the other with 70, commercial space, a swimming pool, gym, and other facilities. Construction has been delayed for many years, due to a dispute between the landowners over design issues, and allegations of discrimination in the allocation of rights. “Globes” first revealed the affair in December 1999.
The case went to Tel Aviv Administrative Court, and eventually reached the Supreme Court, which appointed an agreed upon assessor.
Published by Globes [online], Israel business news - www.globes.co.il - on August 21, 2005
August 23rd, 2005, 12:16 AM
I heard rumors that they (Ofer brothers) submitted plans in which they want the 25 floor tower to be the tallest on the beachfront, so that means taller than the 29 floor 108m isrotel tower..
Also it may be called Ofer Tower (well how unexpected!)
I hope they make it taller and thinner.. thats better for the coastline.
August 23rd, 2005, 12:20 AM
yeah it's will good!