Architect Richard Meier: "It’s Easier to Buy an Apartment in Brooklyn than in Tel Aviv"

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TEL AVIV (PR WEB).- Jewish-American architect, Richard Meier arrived today for a visit to Israel in order to promote “Meier on Rothschild,” a residential project that he designed. The new building is at the junction of Rothschild Boulevard and Allenby Street in Tel Aviv. At a press conference Meier said that the tower, rising to a height of 32 stories, is a symbol of the changes that Tel Aviv is going through. When asked what he thought about the fact that young people could not afford to buy an apartment in the project, Meier said, “The problem of housing for young people is typical of all big cities and isn’t unique to Tel Aviv. We build affordable housing in my home town of Newark in New Jersey that is subsidized by the government. In Israel, affordable housing financed by private enterprise is not possible without political and governmental intervention.” So far, 40% of the Tel Aviv luxury apartments in the 32 story Rothschild Boulevard building have been sold. Now the