A 45-storey tower will be built on the site between Dubnov Street and Leonardo da Vinci Street, which is currently used as a car park.
The parking lot located at 4-6 Dubnov Street in central Tel Aviv, between Dubnov Street and Leonardo da Vinci Street, was sold at an Israel Land Authority auction of subsidiaries of Israel Canada (Exchange: ISCN) for NIS 443 million, including development costs. . A 45-storey tower will be built on the site, containing offices and 170 residential apartments.
The site is 2.4 dunams (0.6 acres) in size and, as mentioned, is currently used as a parking lot. It is adjacent to the National Kibbutz Movement building, which has been designated for preservation, in one of the city's most prestigious areas, close to Sarona and the military command complex. Last year, the Ministry of Defense submitted an objection to the site plan due to the building's height, but in the end the heights remained at 45 floors.
In total, the project will contain 1,600 square meters of hotel space, 2,800 square meters of commercial space, 11,600 square meters of office space, 1,500 square meters of public space, in addition to 170 apartments.
Published by Globes, Israel Business News – en.globes.co.il – on May 27, 2024.
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Parking lot on Dubnov Street: Tamat Matsavi