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Planning C’tee approves 21-storey Rothschild-Herzl tower
Two buildings adjacent to the new tower will be preserved, financed by transferring building rights to the tower.
Guy Yamin 7 May 06 13:55
A Tel Aviv Regional Planning and Building Commission subcommittee has approved plans for. 21-storey tower at the corner of Rothschild St. and Herzl St., as well as the preservation of five buildings on Rothschild St. The tower will be for mixed office, commercial and residential use in 17,000 sq.m. of main space and 19,700 sq.m. of service space.
Two buildings adjacent to the new tower, one of Allenby St. and the other on Segula St., will be renovated. The remaining building rights on the secondary lots were not exploited and transferred to the main lot, in order to finance the preservation of the buildings.

Published by Globes [online], Israel business news - www.globes.co.il - on May 7, 2006
 
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