Pages

Sunday, May 22, 2016

Neve Tzedek et l'invasion des Bobos

Interesting piece on public French TV channel France 2 on the invasion of French "Bobos"(bourgeois-bohème), those well-off French Jews leaning on the left and who have either emigrated to Israel or bought a place, just in case....

With almost 10 000 French Jews having moved to Israel last year and even more so having bought a place and now spending many months a year in the Holy Land, it's not surprising that the French influence can be witnessed all over the country.

But some neighbourhoods have been more affected than others and Neve Tzedek, because of its European character and charm, has been more popular than others with the French elite. It's no wonder then that property prices in Deauville have plummeted while those in those hip Israeli neighbourhoods like Neve Tzedek, called by some the "Petit Paris",  have soared....

Monday, April 4, 2016

Nakash brothers to build another hotel on the 'tayelet'

Just a month after having announced that they plan to turn part of the Opera tower into a boutique hotel, the Nakash brothers announced that they are part of a partnership that has purchased a plot one block away from Opera building.

And they intend to build there yet another sea front luxury hotel, right on the Herbert Samuel promenade, the famous Tel Aviv 'tayelet'.

Minrav Projects, controlled by Avraham Kuznitsky, and a company controlled by the Nakash brothers and real estate agent Raz Oded have signed an agreement to establish an equal partnership to acquire 75% of a plot on Hayarkon Street for NIS 97 million. The 12-dunam (three-acre) site, located between Herbert Samuel, Hayarkon, Geula, and Yona Hanavi streets, is owned by developer Gabi Elbaz, whose personal wealth totals NIS 145.5 million.

Elbaz will retain 25% of the plot. The lot includes 3,500 square meters in construction rights, and the companies plan to promote a new 7,500-square meter urban building plan that will include residences and hotels as part of a luxury project. Minrav is focusing on the residential part of the project, while the Nakash brothers will concentrate on the hotel part. The companies have also agreed with Mizrahi Tefahot Bank on finance for the project.

Thursday, March 31, 2016

3 bed home prices rose by 8% in 2015

The price of an average four-room apartment in Israel rose by 2.5% in the fourth quarter of 2015, and by 8% over the entire year, according to figures published today by the Ministry of Justice's Appraiser Tal Alderotti. These figures are in line with those recently published by both the Ministry of Construction and Housing and the Central Bureau of Statistics.

The Government Appraiser examines the price of four rom apartments in Israel's 16 largest cities. In examining 4,600 deals, the Appraiser found that prices rose most in Rishon Lezion (6%) and Rehovot (6%) in the fourth quarter of 2015, followed by Tel Aviv (5%). Prices rose least in Kfar Saba and Petah Tikva where they were unchanged. Prices rose by 3% in Jerusalem in the fourth quarter of 2015 and by 1% in Herzliya, Haifa, Netanya, and Modiin.

In all of 2015, prices rose most in Ashkelon and Beersheva (15%) and least in Jerusalem (2%). Prices rose 11% in Herzliya, 9% in Modiin, 6% in Haifa and 4% in Tel Aviv.

Tuesday, March 15, 2016

Israel gets award for innovative LGBT campaign

Israel's Tourism Ministry has been named the winner in an Expedia competition for innovative campaigns aimed at the LGBT community, a statement by the ministry said on Saturday. The prize was presented by Expedia, one of the leading online reservation sites in the world, to representatives from the Israel Tourism Ministry at the world's largest travel trade fair in Berlin.

According to the statement, Israel's Tourism Ministry worked with Expedia Media Solutions to make Tel Aviv an LGBT destination for clients from the UK and Italy. Expedia then created 140 exclusive deals aimed at that particular audience followed it up with strong campaigns aimed at promoting other Israeli destinations.

The campaign led to an increase in all target markets, including a 23 percent increase from clients in the UK. Israeli society is gay friendly, at least in the Tel Aviv area, and some of the legislation and precedent-setting court rulings on gay rights are groundbreaking. But the progress and prominence of the Israeli LGTB community runs counter to the religious underpinnings of Israeli society and clashes continuously with the dramatic march forward of LGBT rights in the West.

Monday, March 14, 2016

Nakash Brothers planning hotel inside Opera Tower

Nakash Brothers Group wants to expand its Israeli tourism operations and has opened talks to convert Tel Aviv's Opera Tower into a boutique hotel.

The company is interested in buying the floors above the tower's commercial complex that in the past served as a cinema. The space covering 3,500 square meters belongs to a publicly traded company and could serve as a 50-60 room hotel.

Nakash Brothers Group is set to open three exclusive hotels in Israel: on the shores of the Kinneret (Sea of Galilee); adjacent to Jaffa's clock tower in the former police station under the Setai brand; and the 137-room Herbert Samuel Hotel in Jerusalem's Shamai Street, which is set to open next month for Passover.

All these hotels will become part of the Nakash Brothers Orchid hotel chain in Israel: the Orchid Eilat; Orchid Reef Eilat; Orchid Park Plaza Tel Aviv; Orchid Okeanos Herzliya; and Bayit Bagalil in the Galilee.

Source Globes

Saturday, February 27, 2016

Armani Synagogue in White City Residence

Making good on their promise, the developers of White City Residence are now putting the finishing touches on the interior design of the reception area, bar, meeting rooms, gym, pool and Spa.

Fitted with high end furniture from Armani Casa, the space now looks very much like the marketing brochures and CGI animations that were used to sell the property in the first place.

Even the synagogue that was built on the ground floor of the tower exhibits many of those characteristic Armani Casa accents.

While the synagogue was inaugurated in early January in presence Tel Aviv Rabbi, Rabbi Lau, the pool and spa have yet to open formally however. Still with an increasing number of residents starting to move in, the "under construction" feel of the previous months has now all but disappeared.

...

Monday, February 22, 2016

Fattal opens super luxury Rothschild 22 hotel

The highly anticipated Rothschild 22 Hotel has just opened its doors, and quickly gained the reputation as one of Tel Aviv’s most coveted luxury hotels. Designed by esteemed architect Ari Shaltiel, the newly designed space embodies the epitome of urban design and sophistication. The hotel’s contemporary interior, and location in the city’s financial and cultural center, makes it an obvious choice for even the most discerning of travellers. Located on the city’s infamous thoroughfare, Rothschild Boulevard, the hotel is just steps from the Tel Aviv Stock Exchange, as well as the city’s most esteemed cultural institutions, including the Habima Theater and the city’s most prestigious museums. Its location in the heart of UNESCO’s designated ‘White City’ puts Rothschild 22 within reach of city’s award winning restaurants and shops.

Rothschild 22 offers various amenities including its renowned restaurant, Gallery 22, where guests have the option of enjoying a good breakfast. The open kitchen allows guests to view the chefs in action, as they use market ingredients to create modern interpretations of classic Israeli cuisine. Perfect for business meetings and professional gatherings, Rothschild 22’s superior conference rooms provide a well-equipped and contemporary space for any type of professional engagement, or enjoying a drink prior to an exciting Tel Aviv night.

As part of the lauch, Telavivian has teamed up with Rothschild 22 and created a city guide with the top 22 restaurants, bars, galleries and cafes near Rothschild Boulevard. Discover the guide at http://www.hotel-rothschild22.com/blog-en.

Source Telavivian

Thursday, December 31, 2015

White City Residence under the rain



As 2015 comes to an end, delivery of the flats in White City Residence is picking up the pace. Forty flats have now been delivered to owners and eight tenants are actually living in the building already. Armani furniture for the lobby arrives next week, the synagogue opens mid January and the spa which includes an open pool, a hamam and a sauna, will be ready by the end of the month.

After a delay of almost two years, residents are seeing the light at the end of the tunnel and most of them agree that the wait was well worth it.



And if you need a reminder of the lengthy build process, just take a look at the following videos...

Tuesday, November 24, 2015

After years of neglect Kikar Hamedina to get upgrade

After decades of delays, the plan to build three 40-floor residential high-rises in Tel Aviv's landmark Kikar Medina has finally been approved. The three towers will contain 453 apartments on land owned by dozens of people as well as the municipality, who will receive 6,000-sq.m. of building and several small stores in the surrounding parkland.

"You have to understand how special this project is for Tel Aviv, which will include a 10-acre park," said architect Ami Mor from MYS Architects, which has been responsible for the project. "For all our efforts in the Tel Aviv Wholesale market project, for example, we obtained a park of just 2.25 acres. Here we are talking about 10 acres. It will be the largest park in any Tel Aviv neighborhood and it will be a pearl."

Globes: Akirov Towers also has a park open to the public but people don't really go there.

Mor said, "That is something completely different. In Akirov the land was higher and a separation of levels was created. With Kikar Medina, there will be no fences and the entire project will be at street level, accessible from every direction. The most important thing from Tel Aviv Municipality's point of view was that the park will be accessible to the public, and the previous city engineer Herzi Berkovitz was insistent about this and he also initiated the cancellation of a planned commercial project that would have blocked views across the park. The current plan has smaller towers that are further apart so that the view is not concealed. Half of the square will in fact be parkland with places to sit and a number of very small stores operated by the municipality. In my opinion it will be the city's most attractive park."

Sunday, October 18, 2015

Birth of a new avenue in Tel Aviv

More than 100 years after the creation of the first avenue in Tel Aviv, trees were planted on the portion of Yitzhak Elhanan Street that was rebuilt in front the new White City Residence. There has been many discussions as to the what the final look should be but it seems that no decision has been made yet. The idea is to have a new avenue linking Rothschild boulevard to the sea and therefore finishing the Rainbow starting at Kikar Atarim (Ben Gurion, Chen, Rothschild and then Yitzhak Elhanan).

While it seems that the redevelopment of that portion of the avenue is an interim move, it is still a welcome development. We will probably have to wait until the Dolphinarium project goes ahead for good until we know more.