13.12.2012
TAMA 38 TEL AVIV

In early November, Tel Aviv city council made it easier for property developers and building owners to expand and renovate apartment buildings by introducing a plan that will boost urban renewal in the area. The decision was made to allow two and half floors to be built on apartment buildings in Tel Aviv and Jaffa. Apartment buildings along main streets such as Ibn Gabriol and west of Menachem Begin Boulevard, have been granted permission to increase building height by seven and half floors, including general building reinforcement in Tel Aviv city. 

Furthermore, an application has been submitted to UNESCO to include ‘white city’ titled buildings in the plan which may lead to for authorization to allow an additional two and half floors to those buildings designated under the ACT, however this is still outstanding.
Easing these limitations will make it easier for property developers and building owners to maximise on their investment.