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Discussion Starter #1 (Edited)
TEL AVIV

The Upper House
Yad Eliyahu
2 x 32 FL
marketing start: 10/2019
construction start: 2020


מגוריט רכשה 55 דירות בפרויקט של גינדי החזקות ביד אליהו ב-137 מיליון שקל

הפרויקט סמוך להיכל הספורט ויכלול 708 דירות. מגוריט קיבלה הנחה של 7.5% ממחיר המכירה


Megureit buys 55 units in Gindi's new project and 35 parking spaces in the north tower
the apts were 72 sqm average and sold with 7.5% discount at 2.42 million shekel.
parking spaces sold at 107,000 shekel each.

https://www.globes.co.il/news/article.aspx?did=1001302522

 

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Discussion Starter #4
350 apts per tower so about 11 per floor.
they have to be careful not to create a slumville.
also the towers so wide will create another wall effect like sitonai.
you can see how much they block the view west to everything behind
I dont know why TLV muni approved such a bad design.
 

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I think that rendering is distorted. It looks kind of flattened and stretched widthwise. I have a feeling the buildings will be more slender in life.
 

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Why would someone buy there with prices like gindi’s TLV but in the middle of nowhere?
This project is definitely not middle of nowhere, the area is rapidly developing and you`re 10 minutes from Rothschild by bus (20 minutes walking).
Not to mention the planned Hashlosha bridge which will make it even closer.
 

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Its not a middle of nowhere, but its not a desirable location for residences either.
1. Its too close for comfort to the places where illegal aliens reside.
2. Its not exactly an area known for high end housing.
3. Its not exactly nice during the evenings.

Obviously it could all change, and this project is supposed to be a part of that change, but right now this is the reality.
 

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Its not a middle of nowhere, but its not a desirable location for residences either.
1. Its too close for comfort to the places where illegal aliens reside.
2. Its not exactly an area known for high end housing.
3. Its not exactly nice during the evenings.

Obviously it could all change, and this project is supposed to be a part of that change, but right now this is the reality.
Sorry matrix, but I think you are not really familiar with this area if that's what you`re saying.
 

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arctic tern
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Its not a middle of nowhere, but its not a desirable location for residences either.
1. Its too close for comfort to the places where illegal aliens reside.
2. Its not exactly an area known for high end housing.
3. Its not exactly nice during the evenings.

Obviously it could all change, and this project is supposed to be a part of that change, but right now this is the reality.
1. So is Florentin
2. So is Florentin
3. What do you mean by "not exactly nice"? It's 100% safe. Obviously not as bustling as central Tel-Aviv, but that's true for most of the city.
The one major downside to this particular location is its proximity to La-Guardia interchange and highway 20- which means 24/7 noise and a lot of pollution. Also the proximity to the nearby arena means traffic.
I don't think the apartments there are going to be as expensive as in central Tel-Aviv, but surely they won't be cheap.
 

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you can all enter their site and read clearly if you get registered you'll get a discounted price for 4 rooms apartment 3,250,000 instead of the future normal price of 3,533,000, which is exactly the price of a 4 room apartment now on sale in gindi's TLV towers which are 5 min walk from Rothschild and not 20 min of highway crossing + really bad neighborhoods on the way.
for a 250,000 discount thats a bad deal.
 

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arctic tern
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you can all enter their site and read clearly if you get registered you'll get a discounted price for 4 rooms apartment 3,250,000 instead of the future normal price of 3,533,000, which is exactly the price of a 4 room apartment now on sale in gindi's TLV towers which are 5 min walk from Rothschild and not 20 min of highway crossing + really bad neighborhoods on the way.
for a 250,000 discount thats a bad deal.
Those price examples are pretty weird- since they state that 3 room apartments start from 2.2 million ILS, which is relatively reasonable. 3.2 million for a 4 room apartment does sound quite expensive- maybe these are relatively large apartments on higher floors?
 

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Those price examples are pretty weird- since they state that 3 room apartments start from 2.2 million ILS, which is relatively reasonable. 3.2 million for a 4 room apartment does sound quite expensive- maybe these are relatively large apartments on higher floors?

No they put their cheapest prices there it’s an ad. The apartments could have larger space but they don’t have even one plan right now.They use the media to blind people with netta, But this isn’t luxurious and not in the center of Tel Aviv and paying full price in that area right now is just stupid.
 

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@dark_shadow1, yes to both 1 and 2.
About 3, yes it is safe (pretty much anywhere in Tel Aviv is safe except maybe Neve Sheanan area).

@ronydimebag, I walked in this area in the past and its not the most attractive in Tel Aviv.
Its not as bad as surroundings of CBS, but its still southern Tel Aviv.
Again, I am not saying it can't be gentrified (it can and it will eventually), but right now its not gentrified yet, so the developer will face an uphill battle convincing potential buyers.
 

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Discussion Starter #19
Gindi gets approval for residential towers in contrast to the clean air law
that forbids new residential towers in close proximity to air polluting highways.
Ayalon highway causes heavy air pollution but residential towers close
to it are approved still in older plans before the clean air law.
Living next to main roads can cause damage like smoking 1-2 cigarettes a day
and not suitable at all to people with asthma and other respiratory problems

הפתרון של עיריית ת"א למצוקת הדיור: תנשמו את איילון
העירייה מכרה לגינדי החזקות קרקע ב־415 מיליון שקל שעליה
מוקם פרויקט Upper House סמוך לנתיבי איילון. זיהום האוויר החמור היה אמור למנוע שימוש למגורים לפחות
בקומות התחתונות בהתאם לחוק אוויר נקי, אך העירייה בחרה להתעלם מההגבלה ולשלשל את הכסף לקופתה

https://www.calcalist.co.il/real_estate/articles/0,7340,L-3778792,00.html
 

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Gindi may be bastards for doing so, but how is this the government's business?
If their apartments are so bad and will have polluted air, surely nobody will purchase them and it will be Gindi's problem, no?
I might understand government's involvement if this hurt the general public, but why does the government have to decide for the buyers what apartment to buy?
 
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