Overview

• On July 30 the Tel Aviv District Planning and Building Committee granted the project its final green light following a protracted planning process.
• Developers expanded the footprint from an initial 10,000 to 51,000 square meters, enabling a fourteen‐story hotel with 365 rooms and an 8,000-sqm underground parking facility.
• The $100 million development is co-owned by the Hagag Group and brothers Ahikam and Lior Cohen, with DiCaprio holding a 10% stake.
• Designed to meet U.S. Green Building Council standards, the hotel will pursue LEED certification to cement its sustainability credentials.
• Social media users have decried the project as environmentally inconsistent and DiCaprio has not issued a public comment since approval.