“The Lake" – a new luxury residential project under construction in Ramat Gan’s National Park – is a dream come true. When deciding where to live, most people must compromise between the convenience of residing in Central Israel and the high quality of life that comes with living in a rural, pastoral environment. The good news is that it is no longer necessary to compromise, since “The Lake" Project embraces the best of both worlds: on the one hand, it boasts a highly desirable location close to the center of Tel Aviv and to Israel’s main road arteries; on the other hand, residents will be immersed in nature and will enjoy an outdoorsy lifestyle previously unheard of in the metropolitan area of Tel Aviv and Ramat Gan.
Indeed, for the first time, “The Lake’s" three luxury towers will make it possible to live on the banks of a beautiful lake and on the edge of an enormous green park, while remaining in one of the most desirable neighborhoods in the heart of the metropolitan Tel Aviv area. The project was inspired by the prestigious residences adjacent to New York’s Central Park and London’s Hyde Park, which are considered prime real estate in those cities.
The new project will adjoin the upscale neighborhood of Ramat Chen, close to the Kfar Maccabiah complex, the Sheba Medical Center and some of the best schools in the country, such as the famous Blich High School. Moreover, from this part of Ramat Gan residents enjoy easy access to the center of Tel Aviv.
A beloved “green lung”
The National Park in Ramat Gan has always been a favorite destination for Israelis of all ages eager to enjoy fun outdoor activities, abundant green nature and fresh air without having to travel too far. Back in 1950, Avraham Krinitzi, Ramat Gan’s mythical former mayor, envisaged that the city would have a “green lung” similar to Central Park in New York. His vision was fulfilled when the National Park was opened a few years later.
The National Park is the third largest in Israel, covering 445 acres. It houses a large variety of attractions, including the large lake, the popular animal safari, a horse riding school, a rose garden, the largest collection of sculptures by artist Menashe Kadishman, an amphitheater which hosts shows for the whole family, a lovely eucalyptus grove, the Man and the Living World Museum, an outdoor playground, sports equipment, and lots of nature paths, including a paved promenade around the lake and the Naomi Shemer Memorial Trail. The municipality of Ramat Gan is investing tens of millions of shekels to embellish the National Park and this significant facelift is expected to make the park even more attractive.
The new residential project is built in close proximity to the park, so that its residents will enjoy breathtaking nature right at their doorstep. There will be direct access to the park from “The Lake" towers, and the enormous park will actually be the residents’ "back yard". They will be able to simply go downstairs and partake in a large range of recreational activities, such as bicycle riding, walking or running, or sharing a meal with friends at one of the park’s picnic tables.
“The Lake" residential Project is being developed by Srugo Real Estate and Zemach Hammerman Ltd. The project earned its name due to the fact that it will be constructed on an area of 1.5 acres on the banks of the National Park’s lake. Each of the three towers will be 16 stories tall and will comprise 180 apartments, ranging from 3 to 6 rooms, including exclusive penthouses and mini-penthouses. All the mini penthouses and the penthouses are designed according to the highest standards and will have large balconies with breathtaking views of the green park and the blue lake, as well as of the Tel Aviv skyline. Each building will feature an elegant lobby, three smart elevators, a lounge and a large two-floor underground parking garage
The towers were designed by the Yasky Architects firm and will combine elements of stone, steel and glass so that the overall effect will be elegant sophistication. Out of respect for the environment and for the project’s close links with nature, ecological building materials will be used as well as energy-saving systems.
Huge demand drives up the value
Living in such close proximity to a large park can help provide a high quality of life and a healthier, more active lifestyle. In Israel, like in other countries, properties with views of nature have substantially higher values, which appreciate over time.
A recent survey shows that in the past year demand surged for housing near urban parks throughout Israel, and prices of apartments located within 1 km of a park jumped by almost 30%. The lockdowns during Covid-19 were a key trigger that made people realize how important it is to live near a park.
In the past year, apartment prices in the neighborhood closest to the National Park in Ramat Gan rose by over 10%, compared to a 3.5% average increase in all of Ramat Gan. Another survey, which checked real estate transactions in Ramat Gan over the past five years, revealed a price gap of up to 75% between appartements with a direct view to the lake and those without such a view. This price difference grew over the years, at one point reaching a high of 200% more for properties with lake views. Similar trends can be seen all over the world, including in New York and London.
The unique location and advantages of the new “The Lake” project virtually guarantee that its real estate value might continue to grow substantially into the future.
For more information about The Lake, please visit our website or contact *3240