Hadas City, the urban renewal subsidiary of Hadas Capital, brings a vision of smart and creative revitalization and renovation.
Our team of experienced real estate professionals specialize in breathing new life into parts of the city with unique historical, cultural and aesthetic character. Backed by parent company Hadas Capital, they bring a refreshing and dynamic approach to urban renewal in Jerusalem.
For each urban renewal project presented to the company, Hadas City’s professional team examines every aspect. A decision is then made on its viability, profit potential, and the optimal way to advance it.
The team includes top architects who have been involved in dozens of impressive projects, with the highest level finishes.
TAMA 38 is a unique process that allows residents to enjoy new and more spacious apartments, built to the highest standards, without leaving the neighborhood they love.
- Tama 38
- Evacuation and Reconstruction (Pinui Binui) TAMA 38/2
Upgrade your home and property value
TAMA 38 is a program that benefits everyone, whether you are living in a building in need of renovation or an investor seeking an opportunity to buy a new apartment in a project.
Enjoy a new residence with more space and modern comforts
As a longtime resident of the building, you know when it’s time to renew and you’re probably aware of the immense potential your apartment holds. With TAMA 38, you benefit from a reinforced structure, a larger, more modern apartment with high end technical specifications, terraces, elevators, elegant lobbies and manicured gardens. These improvements increase the value of your apartment, at no expense to you.
During implementation of a TAMA 38 urban renewal project, we become your partners every step of the way. Together, we create a new and up-to-date residential environment which gives you the following benefits:
All planning and project initiation fees are covered by Hadas City, including attorney expenses and tenants’ building inspection fees.
TAMA 38/2 is similar to TAMA 38/1 but involves the demolition of the entire existing building and increased building rights. Residents gain a spacious new building with apartments constructed to the highest modern standards in place of their existing apartment plus an additional 25 sq. m, balconies, elevator, warehouses, and underground parking if possible.
With TAMA 38/2 you are entitled to alternative accommodation during the construction period at no additional cost on your part. You benefit from a dramatic increase in the value of your property, while staying in the neighborhood you know and love.
For this kind of project to yield success, it is not sufficient for neighbors to decide that they want to renovate. Rather, it is essential to initially choose the correct partner to execute the project to completion. At Hadas City, we work in partnership with you all the way to upgrading your living experience.
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Listening to the needs of residents is a challenging task, but when they realize we are leading the project for them - the partnership is harmonious. This is how we can build to the highest quality.
A crucial element of urban renewal is planning. For us, this means taking into consideration the needs of local residents and offering them a win-win partnership where we both prosper - and not at each other’s expense. This is the most important aspect of urban renewal.
- The Tama 38 process
- Evacuation and Reconstruction (Pinui Binui) Process
The first stage is to enlist approval from the tenants. Legally, approval of two-thirds of the owners of the building's housing units and common areas is required. For demolition and construction (Tama 38/2) an 80% majority is required.
Following the residents’ agreement in principle, the second stage involves a meeting with the residents at the company's offices. Here, we deliver a business presentation and unveil a preliminary architectural plan for the building, as well as providing details of the tenants' rights and compensation.
In the third phase, the project goes into detailed planning. Each resident receives a personal plan highlighting where the additions to their apartment are planned and what changes will be made. Once approved, the plan is submitted to the relevant local building authority committees, in order to expedite and obtain building permits.
Once we receive preliminary approval from the relevant committees, a detailed agreement is signed with the apartment owners, finalizing the plans submitted to the local authorities for approval.
Upon obtaining a building permit, we begin accelerated construction of the project. The project is undertaken in three parts: Reinforcement from earthquakes, building additions to apartments as well as building new apartments.
When the construction and upgrades are completed, the new apartment will be handed over to the residents.
The first stage is to get approval from the residents. An 80% majority is required for demolition and construction.
Following the residents’ agreement in principle, the second stage involves a meeting with the residents at the company's offices. Here, we deliver a detailed presentation, as well as providing details of the tenants' compensation and rights. An owners’ representative is appointed and an attorney is hired at the Company’s expense.
In the third phase, the project goes into detailed planning. A plan is built to the satisfaction of the apartment owners in accordance with the permits required by law.
Once approved, the plan is submitted to the relevant local authority committees, in order to obtain a building permit as soon as possible.
After receiving the permit - the tenants will be moved to alternative housing of the same level as their current housing - at the company’s expense.
We will start advancing work on site as soon as possible. Throughout the process, we will be attentive to your needs and preferences, and will update you at every stage.
Upon completion of the construction phase, the keys to the new apartments are handed over to the residents.