For the second time this month, a historic Bauhaus-building (1936) was sold to a group of investors. The building (560 square meters) on Dizingoff Street, near Frishmanstreet, was sold for NIS 21 million ($7 million). After the preservation and reconstruction works, the building will get three (!) more floors. The building will have, at the end, 24 apartments, each measures 55 square meters and two penthouses (sales-offers at this moment: $321.000 for an apartment). The two penthouse will be sold for nearly $2 million. The restoration architect will be Nitza Szmuk, who studied restauration in Florence. She fought for years, within-and outside the Municipality of Tel Aviv, for the Bauhaus buildings of Tel Aviv. She wrote a fantastic, historic book about the Bauhaus-buildings ( Hebrew and English/French): Dwellings on the Dunes and … Read entire article »