North Tel Aviv to get new luxury project

The Afridar and Efgad building companies are joining forces to build a residential project that will add 311 apartments in six towers to north Tel Aviv.

By MIRIAM BULWAR DAVID-HAY (TRANSLATED)
September 28, 2008 12:02

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analysis from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

The Afridar and Efgad building companies are joining forces to build an upmarket residential project that will add 311 apartments in six towers to north Tel Aviv, reports www.local.co.il. The project will see five old three-storey apartment buildings being evacuated and torn down, with each of the 120 families currently living there being given apartments in the new buildings. According to the report, the luxury project will be built in the Neve Sharett neighborhood in north Tel Aviv and is part of a wider project to create 1,000 new apartments in the area. The report said four of the six buildings would be 10 stories tall and their construction would take about two years, while the remaining two buildings would be 24 stories tall and work would take three years. The total cost will be about NIS 300 million. The report said the project will contain four- and five-room apartments in luxurious buildings with spas and other amenities, and apartments would be sold for a minimum of NIS 1.7 million each. A company spokesman said each of the 120 families being evacuated from their buildings would be given new apartments significantly larger than those they were leaving.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

JERUSALEM: RESETTLED upon its desolation
December 19, 2010
Vying for control of the Temple Mount – on Foursquare

By SHARON UDASIN

Cookie Settings