Overview

• The Tel Aviv District Planning and Building Committee granted final construction approval on July 27 for the Herzliya Marina eco-hotel project.
• Leonardo DiCaprio holds a 10% stake alongside Israel’s Hagag Group and brothers Ahikam and Lior Cohen.
• The permitted expansion increases the development from 10,000 to 51,000 square meters, including an 8,000 square meter underground parking facility.
• The 14-story luxury resort will feature 365 rooms, a conference center, retail spaces, yacht access and aims to meet US Green Building Council LEED standards.
• Social media critics have labeled the project tone-deaf to environmental commitments and regional tensions given DiCaprio’s climate advocacy and the ongoing Israel-Gaza conflict.