The Matzloi company, from the pioneers of Binui evacuation in Israel, announces today (Sunday) the construction of a project of TMA 38/2 - demolition and reconstruction on Shbati Israel Street in Tel Aviv-Yafo. The company announces that it has reached the required majority of 80% of the apartment owners in Shbti Israel 17
who In its current state, it includes 21 units and 8 commercial units, and a new 8-story building will be built with 52 residential units and a commercial floor.
The mix of apartments in the project will include 2,3,4,5 room apartments, including penthouses and garden apartments.
The owners of the land will receive a new apartment/shop with a construction addition of about 8-12 square meters, a warehouse, a sun terrace, and underground parking. All the apartments will offer rich technical specifications and a high standard.
Israel Tribes Street in Jaffa in anticipation of urban renewal (Photo: Yehchat)
Also, these days Matsaloi was chosen by the representatives of the tenants at 13 and 15 Shebti Israel Street and is advancing agreements with their representative.
As part of the construction on the street, the company will carry out a high-level environmental development that includes upgrading the surface of the street with an exit to the light rail on the Sderot Jerusalem axis.
According to Sami Matzaloi, chairman and owner of Matzaloi Construction Company, "We are happy to have reached the necessary majority that allows us to move forward with the first project of Matzaloi Company in Tel Aviv.
We are now working to formulate the full plan in preparation for its submission to the local committee for approval, and expect to receive the permit by the end of 2024. As part of the strategic move to renew more buildings in the area and in Tel Aviv in general, we have now won the tender for the tenants in the buildings next to it, and we will move forward with signing off the tenants along with their plan."
Real estate
urban renewal
Tags
real estate
urban renewal