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by Executive Editors

Lofty ambitions New York’s loft-style housing has found a new home on the outskirts of Ashrafieh. Har Properties, headed by Philippe Tabet, launched on July 21 their new residential development U Park, which sits upon a 3,000 square meter (sqm) plot in the Jisr El Wati area, and will boast 63 apartments on nine levels. Tabet told Executive on the sidelines of the launching, “when we bought the plot, we bought it next to another project (Factory by Bear real estate) and their concept was New York style lofts of brick and metallic. We took the same architect of that project [Charles Hadife]… but we added high ceilings and lots of green space and open spaces.” Though Tabet believes Har is “one of the last developers to buy in this area because the price of land is too high,” the group has maximized utilization of the space by including private

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