IBA Sarona demolition makes room for housing

IBA campus Sarona Photo: BSR

BSR will build 400 homes and commercial space on the former Tel Aviv offices of the Israel Broadcasting Authority.

Demolition of the former Israel Broadcasting Authority (IBA) campus in Tel Aviv's Sarona has begun to make way for a new residential and commercial project. According to B.S.R. Group, a building permit for the new project will be received within nine months and the first homes will be occupied by 2024.

The plan encompasses 400 homes and commercial space. However, there are legal proceedings between B.S.R., which was awarded the tender after the original development group was found to have seriously underestimated the costs of developing the project.

Published by Globes, Israel business news - en.globes.co.il - on January 13, 2019

© Copyright of Globes Publisher Itonut (1983) Ltd. 2019

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IBA campus Sarona Photo: BSR
IBA campus Sarona Photo: BSR
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