HARAKEVET, TEL AVIV

Acquired: 2010
 
Two contiguous lots with an area of approximately 1,400 sqm close to the intersection of HaMasger, Rosh Pina, and HaRakevet streets, and near the La Guardia Interchange and the Ayalon Highway, with an old single-storey building.

Zoning designation at acquisition: Employment, industrial and commercial use.

Betterment measures: Reality Fund took steps to promote a new zoning plan in collaboration with the owners of the nearby lots, under which the construction volume would be increased significantly and in keeping with Tel Aviv’s master zoning plan.