Skyscraper City Forum banner
1 - 8 of 8 Posts

·
dov
Joined
·
341 Posts
Discussion Starter · #1 ·
Sonny Kahn negotiating to buy Tel Aviv lot for 45-storey high-rise

The lot is valued at $35 million. Crescent Heights recently bought the Elite compound in Ramat Gan for $44 million.
Guy Yamin 14 May 06 12:58


Sources inform ''Globes'' that Crescent Heights of America, owned by billionaire Sonny Kahn, is in advanced negotiations to buy a five-dunam (1.25-acre) lot, zoned for a 45-storey high-rise, for $35 million. The lot is next to the Recital Hall on Menachem Begin Rd. in Tel Aviv. Sources said the sellers have given Crescent Heights an option to buy the lot, subject to the settling of engineering restrictions related to the building permit.
The Recital Hall lot is located in the northern section of the Tel Aviv central business district between the Arlozorov train station in the north and Shalom train station in the south, and between the Ayalon Highway to the east and Menachem Begin Rd. to the west. The Tel Aviv light railway Red Line is due to run through the area.

Crescent Heights is riding the wave of construction of luxury apartments in high-tech areas in Israel, in the belief that these areas will attract many young couples wanting to live close to their workplaces. For this reason, the company recently bought the Elite lot in Ramat Gan for $44 million. The company plans to build a 73,000-sq.m. 60-storey luxury residential and office high-rise together with Donald Trump, to be called Trump Plaza Tower. Apartments will cost about $1 million each.
 

·
Registered User
Joined
·
6,874 Posts
So let me understand something..

where there going to build the Elite Tower...they will build a 45 storey resedential?
and is the elite tower going to be for business or for residence?
 

·
Registered
Joined
·
4,125 Posts
Kappa21 said:
So let me understand something..

where there going to build the Elite Tower...they will build a 45 storey resedential?
and is the elite tower going to be for business or for residence?

no , those are two different projects :

Elite tower= Trump Plaza tower is in Ramat Gan 70 fl. mixed use.

this new 45 fl. is in Tel Aviv next to Recital halls building ,north to Azrieli center aside Ayalon HW.
 

·
Registered User
Joined
·
6,874 Posts
hebrewtext said:
no , those are two different projects :

Elite tower= Trump Plaza tower is in Ramat Gan 70 fl. mixed use.

this new 45 fl. is in Tel Aviv next to Recital halls building ,north to Azrieli center aside Ayalon HW.

Is that the huge lot, where they will take it down and make something on it?
 

·
Banned
Joined
·
164 Posts
for residental in menachem begin? they are crazy who wants to live in this trafic noise!!
 
1 - 8 of 8 Posts
Top