Urban renewal is similar to running a group marathon. It is a long process with numerous challenges, and its success depends on the commitment and desire of the entire group to reach the finish line.
The Process
Preliminary feasibility assessment
feasibility assessment of urban renewal is conducted through engagement with local government. This not only entails bureaucratic and technical aspects, but also the municipality’s desire to advance urban renewal in the designated area. Furthermore, the Company also assesses the financial feasibility of the renewal project.
Agreement between the residents of the complex and the development company
signing the contract indicates the mutual desire of both parties to work together to advance the urban renewal project.
Advance the city building plan (TABA) for the complex
local government approval according to which a building permit can be issued for the new buildings.
Building permit
following city building plan approval a process is conducted to obtain a building permit in order to advance the project.
Building process
after receiving the building permit the existing buildings are demolished and the new buildings are built in their place, according to the character and type of urban renewal.
Ownership transfer of the apartment
after the building is completed and population permits are obtained, ownership of the new apartments can now be transferred to the buyers.
In case you didn’t know!
In an urban renewal type project the development company takes upon itself all the costs entailed in carrying out the project, including costs directly related to the apartment owners such as levies and taxes (land betterment levy, land appreciation tax, etc.). The costs also include payment to consultants and service providers such as lawyers who represent the residents, a construction supervisor, moving costs to the alternative apartment and rent payment during the construction period.
Long Distance Running
The stages in an urban renewal project take time, and every stage itself may take several years. Overall, the duration of urban renewal may be five years on average (depending of course on the project type and scope).
You are at the center!
In the midst of the accelerated process of renovation and renewal, demolition and rebuilding, it is very easy to become immersed and forget that these are the homes of people. We are well aware that homes have a history, that they carry feelings and meaningful memories, both good and bad, that have shaped entire families for years and generations.
Sharbiv also has a history of its own. It is a long established family company with beginnings in the scorched and ravaged land in Europe and culminating in realization of its vision by building and settling the land. We understand the many sensitivities entailed in the urban renewal process. For us your home is not just four walls, and we promise to accompany you all the way with sensitivity, understanding and consideration.
Sharbiv – all the advantages under one roof
A long standing company that is a major market player.
Sharbiv is a long standing company and a major market player owing to its reputation and extensive experience. While many companies are riding the urban renewal wave in recent years, it is important to select a seasoned and well-established development company. Sharbiv has operated for about seven decades and will continue to be active for many years to come.
A strong financial back which is an important and significant consideration.
Sharbiv has strong financial backing. This is important and significant as its projects must be financed in high amounts over many years.
A development and contracting company - which can therefore carry out the project by itself.
Sharbiv is a construction development and contracting company and therefore can carry out the project by itself. The advantage for the apartment owners is that they communicate with one entity, and this entity is directly and independently responsible for the planning and execution stages. This in contrast to companies that are only developers and therefore transfer the execution stage to a contracting company, which has its own interests and constraints.