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Old February 24th, 2006, 06:50 AM   #1
source26
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2 more towers in herzeliya marina

above arena mall, construction is starting soon..

HomePage >> Real Estate
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
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Old February 24th, 2006, 12:50 PM   #2
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If its an hotel than they should look good!
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Old February 24th, 2006, 01:53 PM   #3
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I'm in hurry to see the renders........... and the prices !!!
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Old February 24th, 2006, 04:04 PM   #4
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Hertzliyya Pituach it must be very luxurious!!!
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Old February 26th, 2006, 07:14 PM   #5
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This is really good The area has some few places where you can actually put a hotel or a building.... I dont know about a hotel there, but if its a resedential-semi, that might be good...
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Old February 27th, 2006, 07:54 PM   #6
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no hurry for renders they will be identical to the two other marina towers ( )
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Old February 27th, 2006, 11:04 PM   #7
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חוק החופים,motherfuckers!!!!!
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Old February 28th, 2006, 10:05 AM   #8
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חוק החופים לא חל על תוכניות שכבר אושרו
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Old February 28th, 2006, 01:10 PM   #9
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IIRC, the marina plan called for hotel rooms, not "Hotel-appartments", which is a bullshit euphemism for luxury housing.
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