Helit Yanai-Levison, globes.co.il

Project Story:

Five buildings together are embarking on a reinforcement and construction project. Pinchas Prakash, owner and partner of Elad Psagot - the entrepreneur, says: "This is a project that we took in the middle of the process - was another entrepreneur who promoted the project and we purchased in the middle and welcome the name to the permit phase. Although the construction process will not be easy, but if you look at the end of the process and the big upgrade they will have. At Fruit Sail in the meantime there are many interested and by the time we get to the ground I believe there will be quite a lot of buyers. "

Compensation for the entrepreneur:

The existing 80 apartments will include 59 new apartments, including 3, 4, and 5-room apartments, as well as garden and penthouses. House prices began at NIS 1.5 million.

Compensation for tenants:

Addition of a space and a balcony to each apartment as well as an elevator in each building, replacement of the sewer, water and electricity infrastructure, the yard and lobby renovation.

The timetable:

A building permit for the project has recently been granted, and the company says that construction work will begin in about three to four months and the construction is expected to take about two and a half years.

Etzel 20-28, Tel Giborim neighborhood in Holon / Imaging: PR

Exact location: Tel Giborim neighborhood of Holon.

Existing situation: Five buildings built in the late 1960s, with apartments with an average area of ​​50 square meters.