Calcalist, Shlomit Tzur, 11.03.2021

The owners of the apartments in Kiryat Meir in Tel Aviv are launching an extraordinary tender for urban preservation and renewal, Calcalist has learned.

According to the plan, the developer who wins the tender will renovate and preserve their apartments and buildings - a 12-building complex with a common yard built in the 1930s - in exchange for 10,586 sq.m.

The project sits on 15 dunams between Ibn Gvirol to the west, Dubnov to the east, Mana to the south and Zeitlin to the north. The buildings, 3 storeys above the ground floor, include 156 apartments and are set for conservation without strict restrictions. The developer is required to change the definition of buildings for strict preservation.

Four underground parking lots will be added to the buildings, and apartment owners will receive an additional 12 square meters, security and parking. Elevators will also be added to the buildings and all facades of the buildings will be completely rehabilitated. During the construction period, the developer will be required to finance alternative housing for the apartment owners in the vicinity of the project.

"This is the first project of its kind in terms of movable rights, in terms of units and preserved buildings and location," says Adv. Itamar Panz, partner and head of the urban renewal department at Salomon Lifshitz & Co., which is issuing the tender. The architects Amnon Bar Or Tal Gazit.