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May 17, 1996 - Image 51

Resource type:
Text
Publication:
The Detroit Jewish News, 1996-05-17

Disclaimer: Computer generated plain text may have errors. Read more about this.

Historical Headaches

Developers are bringing historic
buildings back to life.

GAL1T LIPKIS BECK SPECIAL TO THE JEWISH NEWS

I

n a country with immediate
housing needs for young cou-
ples and immigrants, pre-
serving historic buildings
might not seem like a top prior-
ity. Unlike renovating ordinary
\— old buildings, which requires get-
ting rid of rot on the walls and re-
pairing foundations, preserving
a historic building in Israel in-
cludes all this plus a lot of atten-
tion to the original's details.
Yet, despite the high cost of re-
newing historic buildings and the
many headaches involved, such
\_, projects tend to reap higher re-
(---- turns than newer buildings in the
same area.
Eyal Liberman, general man-
Galit Lipkis Beck writes for the

Jerusalem Post.

ager of the Colonnade House de-
velopment in Tel Aviv, says the
cost of preserving and enlarging
an historic building can reach up
to twice the cost of building a sim-
ilar-sized new building. He says
construction of one square meter
costs about $1,100, not including
the value-added tax, about twice
as much as building an apart-
ment block in Hadera.
Zipha International is in the
process of preserving and reno-
vating Colonnade House, an im-
pressive building situated in the
Nahalat Binyamin neighborhood,
around the corner from the
Carmel Market.
Colonnade House was con-
structed in 1925-1927. The three-
story building, designed by

architect Yehuda Megidovich, Tel
Aviv's first town engineer, con-
sists of six apartments contain-
ing 28 rooms, with large
balconies and mosaic floors.
Zipha International plans to
add a fourth floor to the original
building and construct a seven-
story apartment
block behind it.
The developers
plan to restore the
exterior walls but
redesign the inte-
rior rooms. The en-
tire project will
have 50 apart-
ments, including
studio apartments,
two-room apart-
ments, three-room
apartments and
duplex and pent-
house apartments.
Upon comple-
tion the complex will include un-
derground parking, a swimming
pool, door man and laundry fa-
cilities.
So far, the buyers include
many artists and journalists.

`96 SUNFIRE COUPE

'96 GRAND AM COUPE

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power brakes, 4 wheel, ABS brakes, 2.2 liter engine.
Stock #J60391

2.4 twin cam., power door locks, AM/FM stereo, buckets
with console, rear defogger, ABS brakes.
Stock #N60282

$11, 295'

$12,395

GM OPTION BUYER'S PRICE $11,712*

V-6, automatic, air, tilt, cruise, stereo with cassette,
power windows & locks, rear defogger, rear spoiler.
Stock #G60677

V-6, automatic, air, power windows & locks, tilt, cruise,
AM/FM stereo, rear defog.
Stock #B60521

$

17 490

9

$6 mo. lease

$265'"

GM OPTION BUYER'S PRICE $16,569*

Leather interior, rear air and heat, power windows, locks,
seats and mirrors, stereo cassette, trailer package, alu-
minum wheels, overhead console, deep tint.
Stock #C06056

$34 895 Iv
9

GM OPTION BUYER'S PRICE $33,305*

TRI
C OUNTY

DEALERS

Air, stereo cassette, power locks, rear spoiler, 16" alu-
minum wheels, pulse wipers, tilt, rear defogger, buckets
with console. Stock #N61243

$14 595'

36 mo. lease

$1944"

Air, auto, stereo cassette with steering wheel controls, 10
speakers, power windows, locks, mirrors and antenna.
Cruise, keyless entry. Stock #F66057
mo. lease
*

36 mo. lease

$258 68**

GM OPTION BUYER'S PRICE $17,982*

V-6, automatic, air, stereo cassette, overhead console,
power windows, locks and mirrors, cruise, tilt, deep tint,
235 tires. Stock #C6588
9 1 2e3ase

$209995*3$21.

GM OPTION BUYER'S PRICE $19,861*

GM OPTION BUYER'S PRICE $19,995*

PONTIAC GMC

$

17

36

9 990

$281""

GM OPTION BUYER'S PRICE $17,038*

'96 JIIVIMY
4 DOOR
4X4

Front & rear air/heat, 350 V8, power windows & locks &
mirrors, power antenna, tilt, cruise, stereo cassette, run-
ning boards. Stock #C06055

BOB SELLERS
.

$115 , 995 $$215 j r

V-6, automatic, air, tilt, power mirrors, stereo cassette, 8
passenger,pulse wipers, ABS, air bag.
Stock #U60970

$19,351'

,

V-6 engine, automatic, air, power windows/locks, tilt,
pulse wipers, AM/FM stereo cassette.
Stock #G61152

GM OPTION BUYER'S PRICE $15,121*

GM OPTION BUYER'S PRICE $18,262*

$20 995*



GM OPTION BUYER'S PRICE $13,802*

95 STARCRAFT

NEW
STARCRAFT
SUBURBAN
4X4

Other places where historic
preservation has taken hold and
pushed up housing prices in-
clude the German quarter in
Haifa and older sections in Ram-
le and Jaffa.
The Tel Aviv Municipality
hopes to preserve 1,500 build-
ings in the coming years. While
the city is determined to go
ahead with the program,
progress is dependent on the
building owners who, like in oth-
er cities, carry all of the finan-
cial burden of the renovation
work.
To give the developers some
incentive, Tel Aviv Municipali-
ty is usually flexible in approv-
ing developers' requests to
increase building space above
the standard percentage. For ex-
ample, real estate developer Al-
fred Akirov is constructing a
high-rise office building on
Sderot Rothschild in Tel Aviv.
The municipality approved his
request to increase the building
area on condition that the adja-
cent Russian church is renovat-
ed.

`96 GRAND
AM GT
COUPE

,

GM OPTION BUYER'S PRICE $10,711*

Neveh Tzedek and Nahalat
Shiva are two historic neighbor-
hoods that have undergone major
face-lifts, turning unlivable envi-
rons into stunning enclaves that
attract the well-to-do. Tel Aviv's
Neveh Tzedek neighborhood is the
city's oldest quarter, with build-
ings from the early
1900s. It is home to
the Suzanne Dellal
Theater and offers
magnificently recre-
ated homes which
often still have as
yet unrefurbished
neighbors.
The Nahalat Shi-
va neighborhood in
Jerusalem, with its
coffee houses, ce-
ramic shops and
boutiques, features
remodeled apart-
ments. Thanks to
the efforts of former Jerusalem
Mayor Teddy Kollek, the neigh-
borhood, established in 1869 and
slated for demolition since the
time of the British Mandate, was
remodeled.

GRAND %Eli

la o'''

V-6, automatic, overhead console, luxury ride suspen-
sion, air, power windows/locks & mirrors, deep tint,
cruise, tilt, cassette, 235 size tires, aluminum wheels.
Stock #C6515

$24 595'

,

38000 GRAND RIVER AVE. • FARMINGTON HILLS 10810-47808000

• Rebate included in advertised price. Plus tax, title & plates. Desination included in sale price.

$297'

GM OPTION BUYER'S PRICE $23,260*

— plus tax, license, title. S1,000 down payment, 12,000 miles
per year. 1st payment, security dep., (monthly payment
rounded to next highest S25 increment) Lessee has option to
purchase a lease end for predetermined amount. Lessee
responsible for excess wear & tear. Total payments equals
payment x terms.

1 . 800 .400 - 4320

30 mo. lease

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