The Elite Tower is a site in

Ramat Gan Ramat Gan ( he, רָמַת גַּן or , ) is a city in the Tel Aviv District of Israel, located east of the municipality of Tel Aviv and part of the Tel Aviv metropolitan area. It is home to one of the world's major diamond exchanges, and man ...

Israel Israel (; he, יִשְׂרָאֵל, ; ar, إِسْرَائِيل, ), officially the State of Israel ( he, מְדִינַת יִשְׂרָאֵל, label=none, translit=Medīnat Yīsrāʾēl; ), is a country in Western Asia. It is situated ...

, in which various skyscrapers have been planned, but as of March 2015, construction has been cancelled due to delays in the permitting process. At upon completion, the tower would have been the tallest building in Israel, taking the title from its neighbour, City Gate Tower. The site was originally purchased by

Donald Trump Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021. Trump graduated from the Wharton School of the University of P ...

for $44 million,Donald Trump completes $44m purchase of Elite site
June 25, 2006, 15:34 Guy Yamin where he planned to build the Trump Plaza Tower. The project was later purchased by the Azorim Group and was to be constructed on the historic site of the Elite Candy Factory.

History

Originally, the Elite Tower site was purchased for $44 million by American real estate tycoon

in association with Crescent Heights Investments. He planned to build the Trump Plaza Tower, but Trump shelved the plans in 2007, when he sold the site on to Azorim for

NIS Nis, Niš, NiS or NIS may refer to: Places * Niš, a city in Serbia * Nis, Iran, a village * Ness, Lewis ( gd, Nis, links=no), a village in the Outer Hebrides islands Businesses and organizations * Naftna Industrija Srbije, Petroleum Industry o ...

306.5 million (around $80 million). Advanced planning for the site was frozen by Azorim as a result of the

financial crisis of 2007–2008 Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of fi ...

, but resumed in late 2009. On 3 April 2014, it was announced that the tower would have a height of with a total of 65 stories, and would be accompanied by a 25-story office tower on the same site. The all-residential tower would contain 338 residential units. On the 65th floor, the architect confirmed there would be a viewing room as well as a cafe. Construction was expected to begin sometime in 2014 and be completed by 2017. In early March 2015, purchasers of units in the tower announced that "construction of the tower was canceled, due to a delay in obtaining a permit."

References

External links

* Proposed skyscrapers in Israel Buildings and structures in Ramat Gan Residential skyscrapers in Israel Skyscraper office buildings in Israel {{Trump businesses

History

See also

References

External links