New York-based developer set to build Israel’s tallest building
Shaya Boymelgreen, the head of Azorim Investment Development and Construction, which is based in New York, has agreed to purchase a piece of land on the outskirts of Tel Aviv for $80.2 million from Crescent Heights and Donald Trump.
Crescent Heights, based out of Miami, stands to earn a pretty penny out of this one, after purchasing the land less than two years ago for $44 million with Trump. The site is one of the few remaining vacant areas on Tel Aviv’s central waterfront.
Trump had planned a 70-floor building, and Boymelgreen plans to continue with similar plans of mixed-use development, with approximately 40 floors being used for commercial space. At 70 floors, the building would be the tallest in Israel. Construction is said to likely take approximately three years to complete.
The land was once the site of candy manufacturer Elite in Ramat Gan, which means this will be one sweet deal for Boymelgreen and Azorim Investment Development and Construction.
Related Articles
Keep Memory Alive Marks 30 Years of the Power of Love on Valentine’s Day
Keep Memory Alive celebrated 30 years of its Las Vegas Power of Love gala with Cindy Crawford and Luke Bryan, supporting brain health.
On the Scene at the 2026 NBA All-Star Weekend
From a pop-up with Shai Gilgeous-Alexander to a tip-off withBarack Obama, these are the hottest parties of 2026 NBA All-Star weekend.
Palma y Arco: A Sanctuary Shaped by Craft, Culture, and Intention
Palma y Arco in Tulum blends Moroccan soul with jungle serenity as Amine Ouaki redefines sanctuary driven luxury through craft.
Deconstructing Failures of Luxury Hospitality
Yuri Vanetik reveals how modern luxury hotels replace warmth with rigid policies, automation, and systems over true guest care.
Rolls-Royce Phantom Arabesque Redefines Bespoke Luxury with the World’s First Laser-Engraved Bonnet
Rolls-Royce unveils Phantom Arabesque, debuting the first laser-engraved bonnet inspired by Middle Eastern mashrabiya art.
How Flooring Sets the Tone for Every Space in Your Home
Flooring transforms comfort, style, and value. Discover how the right materials and a trusted flooring store elevate every room in your home.
Latest Stories
Trending Articles
Related Articles
Keep Memory Alive Marks 30 Years of the Power of Love on Valentine’s Day
Keep Memory Alive celebrated 30 years of its Las Vegas Power of Love gala with Cindy Crawford and Luke Bryan, supporting brain health.
On the Scene at the 2026 NBA All-Star Weekend
From a pop-up with Shai Gilgeous-Alexander to a tip-off withBarack Obama, these are the hottest parties of 2026 NBA All-Star weekend.
Palma y Arco: A Sanctuary Shaped by Craft, Culture, and Intention
Palma y Arco in Tulum blends Moroccan soul with jungle serenity as Amine Ouaki redefines sanctuary driven luxury through craft.
Deconstructing Failures of Luxury Hospitality
Yuri Vanetik reveals how modern luxury hotels replace warmth with rigid policies, automation, and systems over true guest care.
Rolls-Royce Phantom Arabesque Redefines Bespoke Luxury with the World’s First Laser-Engraved Bonnet
Rolls-Royce unveils Phantom Arabesque, debuting the first laser-engraved bonnet inspired by Middle Eastern mashrabiya art.
How Flooring Sets the Tone for Every Space in Your Home
Flooring transforms comfort, style, and value. Discover how the right materials and a trusted flooring store elevate every room in your home.
Subscribe to Haute Living
Receive Our Magazine Directly at Your Doorstep
Embark on a journey of luxury and elegance with Haute Living magazine. Subscribe now and have every issue conveniently delivered to your home. Experience the pinnacle of lifestyle, culture, and sophistication through our pages.
Haute Black Membership
Your Gateway to Extraordinary Experiences
Join Haute Black and unlock access to the world's most prestigious luxury events