Many ask just how high can prices climb for a luxury apartment in the heart of Tel Aviv and the new project at 17 Arlosoroff Street, the corner of Dizengoff breaks the record, with apartments selling for a cool 200 million NIS.
The building will be 29 stories and include an 850 square meter penthouse built on two floors. The other apartments will sell for a mere 50-200,000 NIS per square meter. That means the price of a living room in this building is about the same as a three bedroom apartment in Lod.
The building is planned to be completed in four years and advanced sales are expected to begin in the coming weeks. The building will include 131 apartments from 70-170 square meters, and the two-story penthouse will be the largest unit for sale.
(YWN – Israel Desk, Jerusalem)