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Court Orders Givatayim Residents to Sign Redevelopment Deal
A Tel Aviv court ordered four Givatayim apartment owners to sign a redevelopment agreement with Carasso Real Estate, allowing a project to proceed. Judge Limor Bibi ruled their refusal was unreasonable, with court-appointed lawyers able to sign if they fail to comply within 30 days.
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What happened
- 01Court ordered four Givatayim residents to sign a redevelopment deal with Carasso Real Estate.
- 02Judge Limor Bibi ruled the residents' refusal to sign was unreasonable.
- 03The project involves demolishing old buildings for a 20-story tower with 92 apartments.
- 04Owners of 28 of 32 apartments have already signed the agreement.
- 05Dissenting owners were ordered to pay 40,000 shekels in legal costs.
The project will replace existing buildings with a 20-story tower. Dissenting owners' claims about apartment size and compensation were rejected based on an appraiser's report.
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