American real estate tycoon Donald Trump will soon have yet another “Trump Plaza Tower,” this time in the heart of Ramat Gan, a Tel Aviv suburb.
Trump is showing a high interest in Israel. He is rumored to be planning a 70-story tower in Ramat Gan and, as israel today wrote in February 2006, to invest in hotels in Netanya.
The Ramat Gan skyscraper will be Israel’s tallest building and will replace the historic Elite candy factory. The site’s history will not be forgotten, however, as a chocolate museum will be located in the tower's lower floors, according to news reports.
The plan is to build a tower, which will include offices in the lower floors and luxury apartments above. The apartments' starting price will stand at $1 million.
Trump regularly grants his name to real estate projects in return for a share of the sales, and sources in the Israeli construction industry believe this is one such deal.
The tower, set to replace the old building, will be six floors higher than the tallest building in Israel, Sha'ar Ha'ir (City Gate) Tower, located across the busy intersection.
Meanwhile, Trump and the Mayor of Netanya, Miriam Feyerberg, met this week in Miami, Florida and agreed upon building the first Trump hotel in Israel. The hotel will be part of a huge tourism project consisting of eight hotels and three vacation villages planned in Netanya.
Trump, is widely known in Israel for his television reality show “The Apprentice,” which is aired on Israeli cable. In the show, a group of competitors battle for a high-level management job in one of Trump's commercial enterprises. The contestants are "Fired!" and eliminated from the game. The winner of the program is "hired" into The Trump Organization with a 1-year contract.