5 Fable St. - A special project in the landscape of urban renewal in Tel Aviv is underway

In order to maintain the architectural character and quality of life of its residents, Tel Aviv was divided into quarters. In District 4, right in the heart of the city without a break, a unique building will be erected, as part of a collaboration between two real estate giants. This is your opportunity for something new and different in Tel Aviv.

The urban renewal industry is no stranger to the city of Tel Aviv, which is responsible for the most coveted areas of demand in Israel. Projects from the field of urban renewal are today almost the only way to produce new apartments for purchase in the city - demolition of an old building and construction of a new building under it with a high level of finish, quality specifications and location that is almost impossible to find.

In order to promote and simplify the processes of urban renewal in Tel Aviv and especially in the center, while preserving the architectural character of the city and the quality of life of its residents, a plan was defined that divides the city into quarters and dictates the character of each.

Unique conditions in relation to the area

The Fable 5 project is located in the heart of District 4, bounded between Ibn Gvirol Street to the west and Ayalon lanes to the east, and Nahal Hayarkon to the north and King Shaul Boulevard to the south. The apartments in the project are particularly spacious and their size even exceeds what is customary in this area.

The project is in the final stages of obtaining a building permit, including the demolition of a 4-story building with 13 units and the construction of a new building in its place, with 7.5 floors and 23 new apartments. As part of the project, buyers and apartment owners are offered apartments that are built under unique criteria, both compared to other projects in the field of urban renewal and compared to driving in the area.

First, these are extra large and spacious apartments, as mentioned, most of them are about 120 square meters in size and allow for a layout of four rooms. Apart from being large and spacious, each apartment also enjoys two air directions and a large balcony with open views of the quiet Zlotiski Street.

In addition, the project includes a number of premium apartments that boast two balconies, front and rear. In most of the TMA projects in these areas, they are a particularly rare thing, which has been made possible thanks to optimal and optimal planning.

The building, which enjoys a green park right at its entrance, also includes a basement car park, with no parking multipliers. The fact that each apartment has regular parking without the use of multipliers is a special advantage in this project, compared to other projects in the city where the density of Tel Aviv requires the use of parking multipliers.

In addition, the owners of the existing apartments in the building will enjoy a significant addition of space that will include a sun terrace with an area of ​​about 12 square meters, an additional area of ​​about 25 square meters to the existing apartment and parking.

"The project is intended for families and housing developers, and in general, people who want to live in the city without compromising on the quality of life," says Eleanor Januszewski, director of urban renewal at Januszewski, the project's developer and executor. Depending on the region. "

In addition to these advantages, the project has another significant advantage - the ideal location: Fable Street is a small, quiet and green street, surrounded by parks and gardens, yet close to the train station, Namir Road and exit to Ayalon lanes, and within walking distance of the city's main and most interesting centers. State Square, the Cameri Complex and the Israeli Opera House, Rabin Square and the City Garden, Ichilov Hospital and more.

Fable 5 Project (Photo: PR)

Fable 5 (Photo: PR, PR)

Collaboration between two real estate giants

In the time we are in, when the corona plague refuses to leave and creates uncertainty for the entire economy and also for the real estate industry, the cooperation between the two companies behind the project is a real promise of the project's solidity and execution on the best side.

Januszewski, the developer and executor of the project, was established in 1946 and has been operating for decades in the field of engineering execution, entrepreneurship and development. The company specializes in the execution of mega-complex projects, including the construction of power plants, hospitals, residential neighborhoods and projects classified into government and security bodies for the State of Israel. In addition, the company is considered one of the leaders in the country in the field of urban renewal and one of the first to adopt construction with a green standard, with specific expertise in the demand areas of Tel Aviv.

In September, the company is expected to begin the execution of another project, on Weizmann Street. "We specialize in this area of ​​the city, and especially in the 4th district," says Januszewski.

Januszewski joins this project Olitzky Infrastructure Ltd., one of the largest infrastructure and civil engineering companies in Israel, which since its establishment in 1973, has implemented dozens of projects in the field of transportation infrastructure, marine and submarine engineering, quarries, construction of residential and industrial infrastructure and more.

In addition to their rich experience, proven abilities and financial strength, the two companies have another common feature - each of them was established by the head of the family and is now led by the next generation. As family companies, the two companies put the values ​​of the family and customer satisfaction at their feet, both in terms of the level and quality of service and in terms of the high standard of workmanship and the constant pursuit of quality and innovation.

An entrepreneurial company that is also the executive

Januszewski's expertise in both entrepreneurship and execution, and being the entrepreneur and executive of the Fable 5 project, is a significant addition to the project's long list of benefits.

As an entrepreneurial company that is also the executor, Januszewski is a solid foundation for the realization of the project and enables the creation of a stable performance sequence from the initial planning stages to the delivery of the keys, both in terms of professional conduct itself and in relation to apartment owners.

"The seam between the developer and the contractor can be very problematic," says Januszewski. "A lot of promises made at the beginning do not materialize in the end, schedules are not met and from the beginning it is very difficult for developers to find quality contractors at an affordable price, especially now."

Thanks to being the entrepreneur and executor of the project, Januszewski avoids these and other problems, manages to keep its promises and fulfill the planning vision for the reality on the ground, while meeting the most stringent schedules and quality standards and providing a personal and continuous response to the customer from the beginning to the end.

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