Tel Aviv keeps on booming
Two recent articles in Israeli newspapers paint the picture of Tel Aviv's continuing growth and prosperity.
A recent article on ynetnews.com reported that the purchase of the Tel Aviv Port in north Tel Aviv by the Atarim real estate development company, has now been completed. Atarim, has big plans for the Port. According to the plan, the port would become the flagship tourism spot of the 'city that never stops': Luxury hotels in the Cannes style will replace the garages and Montana ice cream, a marina will be there for docking yachts and the old Maccabiah stadium will become a family recreation center. They will join clubs, restaurants, galleries and performance halls, a commercial center and an additional 1,000 parking spaces outside of the port area with shuttles going back and forth. A boardwalk will connect the two banks of the Yarkon River and the famous 'flying camel' statue from the historical 'Eastern Fair' of 1936 will be returned to the port's entrance.
In other news, Globes reported that 2 new Hotels have been approved by the Tel Aviv Local Planning & Building Committee. Henry Taic's 600 room Forum Palace Hotel will consist of two 17 story buildings to be constructed on Hayarkon Street by the sea. Additionally, a 220 Room Hotel to be built on Dizengoff Street was approved. This project is part of a conversion of the Lev Tel Aviv police station into a hotel & residential project.
Source: Ynetnews.com, Globes.co.il
March 8, 2011
« Back to news
