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Tel Aviv Approves 50-Story Towers for YBOX After Romano House Deal
The Tel Aviv District Planning and Building Commission approved YBOX company's plan to build three towers up to 50 stories high, an increase from 45, in exchange for transferring ownership of the historic Romano House to the municipality.
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What happened
- 01Tel Aviv approved YBOX's plan for three towers to reach 50 stories, up from 45.
- 02The approval follows YBOX's transfer of the historic Romano House to the Tel Aviv Municipality.
- 03The project will include 456 apartments and 80 units for reduced-rent long-term leases.
- 04The increased height compensates YBOX for project costs, including a future metro station levy.
- 05The plan aims to preserve Romano House's cultural character and promote urban renewal.
The deal allows for 456 apartments and 80 reduced-rent units, with the increased height intended to compensate YBOX for project costs. The plan aims to preserve the Romano House's cultural character while facilitating urban development.
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