RFR Holding, led by co-founders Aby Rosen and Michael Fuchs has just released the most expensive penthouse currently on sale in Israel.
Situated in the historical Jaffa, the Penthouse at the W Tel Aviv Hotel, has been designed by British architect John Pawson, who has taken inspiration from the incredible heritage of the building, blended with his minimalist style to create an exceptionally atmospheric space. The property has been put on the market for 160 million NIS (about $41 million) and boasts beautiful views of Jaffa’s ancient port and Mediterranean Sea.
To be delivered for fall 2016, the Penthouse at W Hotel covers the entire top floor of the residences with 1, 503m2/16, 178ft2 of living space, sea and city views and a 73m2/786ft2 terrace overlooking the Mediterranean.
As Tel Aviv’s oldest district and a protected area, this ongoing investment has led Jaffa’s real estate prices to see above average year on year increases. Beautiful beaches combined with arts-focused regeneration projects, has attracted more hotels, galleries, restaurants and boutiques, creating an exciting tourist and lifestyle destination.
The Residences at the W Tel Aviv Hotel is placed within the walls of the 19th century buildings that once held Jaffa’s French Hospital, a hospice for the needy that was managed by the Congregation de Soeur de Saint Joseph de L’apparition. Major restoration work was done to preserve the historic aspects of the property that date back to the 19th century and also include Crusader era elements. The project has successfully fused architectural sections from the original buildings with the W Hotel’s trademark amenities, honoring the Hospital’s history as one of Tel Aviv’s most iconic landmarks.