HaShoftim approved higher to 120 meters

HaShoftim Tower was planned by Ashdar as a 23 floor tower. The plot was sold to new developers, Gindi Holdings, for $19.5 million, the highest sum so far for a single residential lot in Israel.

Gindi Holdings recently announcing they plan to build a 30 floor tower, to the full height allowed by the building rights - 120 meters. The plot was bought a decade ago for $8.1 million by Ashdar and served as a parking lot.

The tower will include 40 luxury flats only, 300 square meters, each selling from $2 million upwards, on 26 floors. The four ground floors will accomodate a 3-storey spa and commercial space. Building will commence early 2007.