Azrieli Center
צילום: עומר הכהן
Tel Aviv’s Central Park sold out
Over three hundred residential units sold in new Tel Aviv luxury housing complex, 96 percent of buyers work in high tech
All 326 units in Tel Aviv’s Central Park residential complex for high tech workers have been purchased in less than two months, costing new owners a collective NIS 500 million ($118 million).
Thousands of applications for one of these luxury apartments have been made over the past few weeks, and close to one thousand eligible high tech employees were rejected a spot in the new complex.
The majority of buyers work in the high tech industry, although about 4 percent are lawyers, accountants, academics, corporate executives, or communications professionals.
Three hundred and fifteen contracts have already been signed, and nine lucky people, currently on the waiting list, will have the chance to sign their own contract within the next few days.
The Central Park project consists of two 30-story towers of residential units with 3.5 to 5 bedrooms each. The complex itself will include a park, a swimming pool, daycare centers, and underground parking.
One of the complex’s pluses is its relatively low cost. Each square meter costs an average of $2,500 at Central Park, as opposed to an average of $4,500-$10,000 per square meter in other residential complexes in the city.
