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Parkovksky Group Secures Majority for 230-Unit Redevelopment Project in Hadera
Parkovksky Group announced it secured the required majority for a 230-unit urban renewal project in Hadera. Approximately 67% of rights holders at President Street 32-34 have signed agreements for the project, which will replace existing buildings with two towers.
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What happened
- 01Parkovksky Group secured the necessary majority for a 230-unit urban renewal project in Hadera.
- 02Approximately 67% of rights holders in the President Street complex have signed binding agreements.
- 03The project plans to replace current buildings with two towers containing about 230 apartments and 800 sqm of commercial space.
- 04Construction is estimated to start in approximately five years, subject to approvals.
- 05This is the third urban renewal project Parkovksky Group has advanced in Hadera.
- 06Adi Burkin, CEO of Parkovksky Group, highlighted Hadera's significant long-term potential for urban renewal.
The company expects construction to begin in about five years, pending regulatory approvals. This is the third such project for Parkovksky Group in Hadera.
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