Over One-Third in Contract at the Ritz-Carlton in Israel
The Residences at The Ritz-Carlton, Herzliya, a luxury condominium project located in Herzliya, Israel, just north of Tel Aviv on the Mediterranean Sea, has over 35 percent (30 of 80 units) in contract. Developers Tidhar Group and Adi’s Investments have been watching buyer growth closely. “We began sales just a few weeks ago, and initial buyer interest in The Residences at The Ritz-Carlton, Herzliya, has been phenomenal; momentum is continuing to increase as the project enters the peak fall selling season,” stated Sigal Ben Menashe, Marketing Director of Tidhar Group.
Elegant coastline views overlooking the Herzliya Marina make the 12-story property a perfect cosmopolitan-marina duality. The property will be complete by the end of 2012, featuring a Ritz-Carlton hotel in which the top six floors are The Residences, totaling 80 luxury vacation residences. From breathtaking studios to lavishly decorated one- and two-bedroom units, including duplexes and penthouses that exude chic and style, all vacation residences bring the luxury marina lifestyle to the forefront of vacation living, with terraces designed to offer sweeping views of the Mediterranean.
Rani Ziss, whose many projects have earned international acclaim, designed the building’s exterior to highlight the scenery of the natural environment so all eyes focus on the coast. The interior design, by New York-based Studio Gaia, uses a rich color palette of gold sands and rich blue seas to compliment the clean and modern lines, while including wood, stone and leather in a combination of bronze, beige, taupe, blue and metallic colors, resulting in a warm contemporary setting.
As a residence owner, you will enjoy access to the hotel’s services and amenities, including world-class dining, a rooftop outdoor pool, luxurious spa and fitness center, and the property as the first kosher Ritz-Carlton. For up to six months a year owners enjoy The Residences, and for the rest of the year make their residence available for rent through a real estate company. For more information, visit www.rcr-herzliya.com. Prices start at $640,000 for a studio, $740,000 for a one-bedroom residence, $1.4 million for a duplex, $1.6 million for a two-bedroom residence, and $2.9 million for a penthouse.
—Sonja York
