A group of local residents at Tel Aviv's Kikar Hamedina will shortly submit objections for the revised plan for the site, which allows the developers to add more floors to the proposed high-rises in exchange for canceling the commercial floors. The residents have already filed claims for compensation for the proposed project, and are considering filing more claims for compensation if their objections are dismissed.
In April, the Tel Aviv Local Planning and Building Commission announced the deposit of the detailed plan for the project and for the filing of objections. The new plan included changes to the original one.
The new plan calls for the building of 453 apartments in three 40-storey high-rises, instead of 387 apartments in three 29-storey high-rises, lobby, commercial floor, and services floor. The new plan cancelled the proposed commercial space in the face of objections of local merchants.
Objections to the original plan are already pending at the Tel Aviv Regional Planning and Building Appeals Committee. When the original plan was approved, local residents and shop owners at outer ring of Kikar Hamedina filed claims for NIS 350 million in compensation. In addition, landowners on the inner ring of Kikar Hamedina filed claims for compensation on the grounds that the previous city plan from the 1960s granted them extra rights than the current plan grants them.
The Appeals Committee has ruled in a number of decisions that assessors would determine the value of the damage in the appeals filed.
Published by Globes [online], Israel business news - www.globes-online.com - on June 3, 2008
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