The Beit Vegg company reports this morning (Thursday) that it received the permit to carry out an urban renewal project as part of the TMA 38 plan in central Tel Aviv, 18 Lipsky St.
According to the plan, the company will demolish an existing 3-story residential building that includes 11 old apartments, and build In its place is a new 7-story building that will include 23 housing units.
The project is located on a quiet and green street near Madinah Square - and enjoys on the one hand a pastoral street, and on the other hand residences in the center of Tel Aviv, near places of shopping and leisure, cultural institutions, accessibility to major traffic routes that provide easy exit from the city and more.
In the center of Tel Aviv: an urban renewal project of the Beit Vegg company (Photo: Damiya - Astudio)
The project will be characterized by a diverse mix of small 2- and 3-room apartments, alongside a 4-room garden apartment and 3-room mini-penthouses.
The area of the apartments will range from 44-50 square meters for a two-room apartment and a balcony of 12 square meters or 7.5 square meters, 69 square meters for a three-room apartment, including two balconies of 12 square meters and 7.5 square meters.
In addition, the project will include two basement floors that include underground parking, private warehouses for each apartment, a bicycle room and more.
The architects of the project are Rabin Architects.
These days, marketing of the project has begun, with prices starting from NIS 3,190,000 for a two-room apartment.
Ronen Ekabia, CEO of Beit Vegg (Photo: Nimko)
Ronan Ekabia, CEO of Beit Vegg
, says that "We are happy to launch another project in one of the most sought-after areas in Israel, and congratulate the apartment owners on the significant path they have taken.
Apartment buyers in urban renewal projects enjoy all the advantages of a new apartment in a new building, built according to the highest standards.
Urban renewal is the best way to create a supply of apartments, and the company is working to increase its backlog of projects in this framework."
The law firm that represented the developer is the Cohen Belharski Foundation and Co.
Real estate
urban renewal
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real estate
urban renewal
