Plan for Beit Romano Approved: Building to Be Preserved, Towers to Reach About 50 Floors

In depth

The Tel Aviv District Committee has given final approval to the plan for Beit Romano. The historic building will be preserved and converted to public use. Cultural and entertainment activities will continue in the building, while the inner courtyard and public passageways will be maintained.

As part of an agreement with the Tel Aviv municipality, YBOX transferred Beit Romano to municipal ownership, in exchange for additional building rights in two towers on Gat Rimon Street and in another tower in the Hassan Arafa compound on Menachem Begin Road. The plan adds about 240 apartments in the nearby compounds.

The towers to be built nearby will reach about 50 floors. Under the approved plan, the three towers will be raised from 45 to 50 floors and 30 apartments will be added to them, bringing the total to 456 apartments alongside 80 apartments for rent at a reduced price.