Jerusalem property developers find themselves mired in a gold mine
Two veteran partners launched the Jerusalem of Gold complex years ago, but building has slowed. Some sources attribute this to a dispute between the younger generations on both sides.
The first phase of the prestigious Jerusalem of Gold apartment complex has been standing for a year and a half, but four years since being put on the market about half its 89 units still remain unsold. The project, whose ownership is divided equally between insurance and banking magnate Shlomo Eliahu and builder Mordechai Shechter, has been beset by delays. According to market sources, the project became bogged...
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