Insurance Tower, Acro Real Estate And the Tidhar Group Announced today (Sunday) that they jointly acquired the rights to the plot in an area of about four dunams at the corner of Tzafira and Eliashberg streets inTel Aviv, Which will be used to establish a combined project for commerce, housing and offices. The plot was purchased from Dror-Levenfeld Investments for NIS 305 million. The estimated investment in the construction of the project, including the land component, is about NIS 800 million, and its population is expected within about four years.
The area of the siren street is in the urban block whose boundaries are Locksmith Street in the east, Railway Street in the south, Menachem Begin Road in the west and Car Street in the north. While in the part north of it Hassan Arafa (Yitzhak Sadeh) is developing rapidly, this area is still faltering and you can find a lot of old buildings and empty parking lots.
According to the announcement made today, the companies intend to build in the lot they purchased a 39-story tower that will include a double commercial floor, first 26 floors for offices, 11 residential floors and one technical floor; As well as a nine-story building that will include a commercial floor, offices and public areas. In total, the project will include offices with a gross area of 33,000 square meters; Approximately 100 housing units of 8,900 square meters; commercial floor level with an area of 1,000 square meters gross and public areas of 3,120 square meters. The operator of the project is the stage designer, Archbishop Moshe Tzur.