"If you have a profit of $ 700-800,000, you should be stupid not to take it"

Globes, Helit Yanai-Levison, 06.03.2020

Project Story:

Daniel Ben David, one of the project's owners, says: "We are two buildings that organized the project together - one of 12 tenants on 12 Eilat Street, and one of 6 tenants on Haganah 40. The other building had parking lots and we did not, and their lot was a bit bigger, too. But even so, we came to an unanimous opinion that together we could do it.We approached a lawyer who said he represented some entrepreneur and we signed many years ago.Give him a three-year grace to get a permit.It was three years and nothing happened and back to the starting point.

"Then some tenant from the other building brought the engineering view. He said it would only succeed if our eyes weren't narrow in each other - and so it was. I give 12 sq. Ft., A balcony and parking for those who didn't, for a building that had parking spaces and got another. The developer was flexible with us to raise the floor at no cost, and brought a pretty high quality specification. Everyone knows that if the sky falls on NIS 700-800,000, then it should be stupid not to take it. "

Compensation for tenants:

New apartment in new building, additional 19 sq.m. (7 sq.m. per apartment plus 12 sq. Ft. Balcony), underground parking (without parking multipliers), warehouse, fully air-conditioned. Elevator course. All tenants received additional parking: tenants holding parking Privately in the previous situation, they received two parking spaces, tenants who did not have parking received one parking space.

Compensation for the entrepreneur:

26 new apartments, including garden apartments, duplex and penthouse. The building has a three-story underground parking basement, and is built according to the Green Building Standard.

Hazel:

Construction began in 2018 and population is expected by next summer.

Exact location: Eilat 12 corner of defense 40, Givatayim
The developer : Engineering Landscape
Architect: Ohad Wasserman, Con Wasserman Architects
Previous situation: Two three-story buildings. In one building there were 6 apartments, all of which had private parking, in the other building there were 12 apartments, without parking. Both buildings did not have an elevator.

 

 

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