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Costa Rica

Israeli developer Avi Biton in $170m Costa Rica project
Biton is planning a mixed residential and recreation project for retirees on the country’s Pacific coast.
Dror Marmor 14 Oct 07 17:40

Israeli developer Avi Biton has bought a 189-acre lot on the Pacific coast of Costa Rica for $20 million from one of the country’s wealthiest families. He says that the value of the land has more than doubled since he bought it.
The land is in the final planning stages for a mixed residential and recreation project as second homes for American and Canadian retirees. Biton plans to build a 160,000-square meter complex with 1,000 vacation homes, a 140-room luxury hotel, and a golf course. He is also selling lots of up to half an acre for build your own home projects.

ira

A lot of the demand will come from Costa Ricans who did well in America and decide to come home. The same thing will happen in Israel as Life in Israel and pay for similar work becomes closer to that in the U.S. Many yordim will come home.

The American baby boom generation is retiring now and many will look to places outside the U.S. . Let's hope that some of the Jewish retirees will make it to Israel.

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Israeli construction overseas - North America. State country and city in bold in headlines.

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New Jersey / US

Yerushalmi’s Vision Group buys Jersey City complex
The company’s success in obtaining loans at good terms stand out against the ongoing sub-prime mortgage crisis. 4 Nov 07

Vision Real Estate Group LLC, owned by president and CEO Amir Yerushalmi, has bought a residential complex in Journal Square in Jersey City, New Jersey for $12 million. The six-building complex has 107 apartments. The company plans to renovate and sell the apartments at prices ranging from $135,000 for a 50-sq.m. studio to $330,000 for a 120-sq.m. four-room apartment. Total proceeds are estimated at $20 million. Renovations are expected to take two years.

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U.S / NYC - Manhattan skyscraper

http://globes-online.com/
Tshuva to build Manhattan’s tallest residential building

Yitzhak Tshuva’s project will top the 72-story Trump World Tower.

Yitzhak Tshuva’s private real estate arm Elad Properties is planning to build Manhattan’s tallest residential skyscraper, which will be one of the tallest buildings in the world. He is apparently taking to heart the words of the Leonard Cohen song, “I’ll Take Manhattan”.

Elad will invest $450 million in the One Madison Avenue building, fronting Madison Square Park and East 23rd Street, adding floors to the 17-story New York City landmark. The result will be a 74-story skyscraper that will by 900 feet (274 meters) tall. The building will top the 72-story 262 meter Trump World Tower. The 283-meter tall 70-storey Trump Building, an office building on Wall Street, will still be higher than Tshuva’s new development however. Only two residential skyscrapers in Australia - the Q1 Tower in Gold Coast, Queensland, and Melbourne’s Eureka Tower - will top One Madison Avenue.

Elad will add 480,000 square feet (44,500 square meters) of residential space to One Madison Avenue. Tshuva has picked Daniel Libeskind to design the building. Libeskind lived for a few years in Israel as a child. He is designing the 1,776-foot Freedom Tower, planned for Ground Zero at the ruins of the World Trade Center, which is due to be completed by 2010.

The revamped One Madison Avenue building will be New York City’s seventh tallest building and between the 70th and 80th tallest building in the world.