A delegation of senior officials from Extell Development Company, the developer that is building the iconic International Gem Tower Company in New York’s Diamond District, will be visiting Israel from February 14-17, 2010.
Since Extell’s first visit to the Israel Diamond Exchange in Ramat Gan this past October, a number of Israel-based companies have signed contracts to purchase office space in the state-of-the-art office building. Among them are three Diamond Trading Company (DTC) sightholders, A. Dalumi Diamonds, Sahar Atid Diamonds and Yerushalmi Bros. Diamonds. Additionally, Yondor Diamonds Ltd., another leading diamond firm, and Malca-Amit, a global valuables courier service, have also signed on to take space. The Gemological Institute of America (GIA), the world’s foremost authority on diamonds, colored stones and pearls has purchased an entire floor.
“With close to 100,000 square feet under contract, some of the best locations in the building have been purchased. Response to the project has been overwhelmingly positive,” said Raizy Haas, senior vice president of Extell Development. “Meanwhile, we continue to receive inquiries from Israeli companies looking to secure space at current pricing, which has already increased and will continue to increase.”
When completed in 2012, the 34-story office tower on West 47th Street in the heart of New York’s Diamond District will be an ultra-modern industry center designed exclusively for the international gem and jewelry trade. Wholesalers, retailers and manufacturers will be able to benefit from all of the features that the tower has to offer, which includes state-of-the-art security and vault operations, valet parking, restaurants, a full service executive club, and an on-site health and fitness center.
