Penthouse on Market for $50 Million at Meier-on-Rothschild, Pritzker Prize-Winning Architect Richard Meier’s Ultra-Luxury Tel Aviv Tower

Only Three Penthouses Remain at Tel Aviv’s Most Coveted Address

TEL AVIV, Israel--()--The Meier-on-Rothschild, a 42-story ultra-luxury residential tower designed by Pritzker Prize-winning architect Richard Meier and developed by Berggruen Residential Ltd., a joint venture between Berggruen Development, the U.S.-based private investment firm and Hagag-Cohen Group, has announced that The Palace in the Sky, a 15,257-square-foot (1,418 sqm) villa on the 38th and 39th floors, is for sale. Offered at $50 million, the palatial penthouse is the most expensive apartment ever for sale in Tel Aviv. Nicolas Berggruen and Yigal Zemah initiated the idea for the Meier-on-Rothschild, a building of world-class caliber that would push the envelope regarding the current local construction and design standards in Israel, in 2006.

Owning a penthouse at the Meier-on-Rothschild, selected as the most beautiful tower in Tel Aviv before it was even built, is a once in a lifetime opportunity to live at Tel Aviv’s most prestigious address. Located at 36 Rothschild Boulevard, Meier-on-Rothschild is 65 percent pre-sold and on track for completion in the first quarter of 2014.

“We’ve been successful in our effort to stretch the boundaries of luxury residential buildings in Israel by designing the most luxurious penthouse in Israel, The Palace in the Sky,” said Yigal Zemah, CEO of Berggruen Residential.

Meier-on-Rothschild’s remaining three penthouses include The Royal Penthouse, a 7,833-square-foot (728 sqm) estate on the 40th floor; the Rothschild Summit, a 6,520-square-foot (607 sqm) townhouse on the 41st and 42nd floors; and The Palace in the Sky. All penthouses feature 360-degree views, 10-foot (3 meter) ceilings, Jacuzzis, generous outdoor terraces, private elevators, and more.

Rising 590 feet (180 meters), the modernist white and transparent tower will put Richard Meier’s signature on the Tel Aviv skyline. Known as “The White City,” Tel Aviv’s architectural vernacular is strongly influenced by the 1930s Bauhaus-style, characterized by functionality and minimalism. Meier-on-Rothschild is a fresh interpretation of this idea.

“To be able to give something beautiful and unique to this extraordinary city, Tel Aviv, is the fulfillment of a lifetime dream,” said Meier.

Meier-on-Rothschild contains 141 units boasting 10-foot (3 meter) ceilings and unparalleled views. Each 8,450-square-foot floor (785 sqm) can be a single residence or divided into two or four units, and will feature 540 square feet (50 sqm) of outdoor terraces, and a “Smart Home” system for controlling electric, communications and security functions. Amenities include a luxurious spa, fitness center, relaxation lounge, treatment room, a 25-meter swimming pool, Jacuzzi; and a wine cellar that will double as an entertaining facility, and a 24-hour concierge services to assist the tenants. Prices at Meier-on-Rothschild range from $1,100 to $1,700 per square foot ($11,000 to $17,000 per sqm); penthouses are priced at $3,000 per square foot ($30,000 per sqm).

For more information, visit: http://www.meier.co.il/

Contacts

Glodow Nead Communications
Elana Kopstein or Courtney Finely, 415-394-6500
lani@glodownead.com

The Palace in the Sky, the most expensive penthouse ever for sale in Israel (Photo: Business Wire)

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Release Summary

The most expensive apartment ever for sale in Israel, The Palace in the Sky, is currently on the market at the Meier-on-Rothschild, the ultra-luxury 42-story residential tower in Tel Aviv

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Contacts

Glodow Nead Communications
Elana Kopstein or Courtney Finely, 415-394-6500
lani@glodownead.com