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Tel Aviv Sarona Landmark project expansion approved The size of the two towers has now been increased from 112,000 square meters to 166,000 square meters. The Tel Aviv District Planning and Building Committee has approved the enlargement of the Landmark project in Tel Aviv s Sarona district. Construction of the two towers at the southwest corner of Sarona is already underway. The size of the two towers has now been increased from 112,000 square meters to 166,000 square meters. The project is being jointly developed by AFI Properties and Melisron Ltd. (TASE: MLSR) with design by architect Avner Yashar and construction by Electra Ltd. (TASE: ELTR). The cost of the project is estimated at NIS 2.1 billion and it is scheduled to open in 2023. ....
Landowners agreement paves way for Israel s tallest building Three high-rise buildings of 120, 88 and 77-floors will be built in the Ramat Gan Diamond Exchange district. After a dispute extending over 30 years, a mediation settlement has been achieved between the management of the Ramat Gan Diamond Exchange, Isras Investment Co. (TASE: ISRS), and the Ramat Gan Municipality, who jointly own a 6.25 acre site in the Ramat Gan Diamond Exchange district. The settlement paves the way for construction of the ambitious IDE Towers project, which includes a 120-floor high-rise, which will be the tallest building in Israel, as well as two other high-rise buildings with 77 and 88-floors. ....