Tel Aviv Towers Ready After 80-Year Wait for Original Landowners
Summarized from Ynetnews by baba
Three residential towers in Tel Aviv's Kikar Hamedina square are nearing completion after an 80-year wait for original landowners who purchased rights in the early 1940s. The project, featuring 453 apartments, is expected to be ready for occupancy by March-April 2027, with prices ranging from 8.5 to 40 million shekels. The landowners acted as their own developers in this unique project, which faced opposition over its impact on the neighborhood and traffic. The towers, designed with a spiral appearance, are part of a larger development that includes public spaces and a school.
The story in 6 lines · by baba
- Tel Aviv's Kikar Hamedina square will soon feature three new towers after an 80-year wait for original landowners.
- The project includes 453 apartments, with residents expected to move in by March-April 2027.
- Apartment prices are estimated to range from 8.5 million to 40 million shekels.
- The landowners acted as their own developers in this unique, long-delayed real estate project.
- Concerns have been raised about the project's impact on traffic and the neighborhood's character.
- The towers feature a distinctive spiral design and are part of a development including public spaces.
Ynetnews publishes in English. The key points are summarized above. Read Ynetnews’s full report from the link at the top of the page.
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