Project led by the Hagag Group and Hollywood star secures final approval in Herzliya, expanding to 51,000 square meters with 365 rooms, a marina and eco-friendly design
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A luxury hotel project spearheaded by Israeli real-estate firm Hagag Group, in partnership with Hollywood star Leonardo DiCaprio, received final construction approval for the Herzliya Marina on Sunday. The Hagag Group, led by brothers Tzachi and Ido Hagag, announced that the Tel Aviv District Planning and Building Committee granted final approval for the project last week.
The approval significantly expands the construction rights for the site to 51,000 square meters (548,959 square feet) and allows for a building height of up to 14 stories, a substantial increase from the original 10,000 square meters (107,639 square feet) at the time of purchase.
Via ynetnews
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