SHEINKIN ST. HERITAGE URBAN RENEWAL

Characteristics

Description of the property

Feldstein house was built between 1925-1926 and designed by the architect Moshe Lubernizky for residential and commercial purposes in the eclectic style. The building has a symmetrical façade to Shenkin street. The original building was three stories, this comprised a commercial ground floor and two residential floors. Floor A and B floors specializing in two distinctive types of bay windows, the two arches provide depth to the façade and contribute to a clear delineation of four vertical fields.“Feldstein house" manages to preserve, rehabilitate and transform the original building whilst adding new stories and housing units. This creates a fusion between the old and the new, in which elements of the historic building are retained to create a dialogue between the modern addition and the original building. Indeed, the addition has been given enough space to cultivate its own presence, yet it grows and converses in tight relation with the original building, resulting in a new, empowering modern interpretation of the values and components of the historic design of the building.

Restoration Building for Sale – Prime Location: Shenkin and Allenby
This unique restoration project is located at the intersection of Shenkin and Allenby, offering a rare opportunity in a sought-after area. The property currently comprises three floors, with existing features and exciting development potential:

Existing Features:
• Ground Floor Apartments: 175 sqm
• First Floor Apartments: 189 sqm
• Second Floor Apartments: 189 sqm
• Total Built Area (Existing): 562 sqm
• Development Rights: Additional 722 sqm, totaling 1,288 sqm of rights.

End Potential:
• Total Apartments: 13 units
• Total Area: 1,300 sqm of living space
• Balcony Space: Additional 170 sqm

This property offers an incredible opportunity for developers or investors looking to create a premium residential project in a central and vibrant location. The finished project is planned to include spacious apartments with modern amenities and stunning balconies, maximizing both functionality and aesthetic appeal.
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