Pinui-binui on HaYotam Street, Haifa: what "coming soon" actually means

Every project board has one line that says less than the others, and that is precisely the most accurate one: "coming soon". It is neither marketing nor a promise — it is a statement that the project has not started.

Pinui-binui on HaYotam Street in Haifa is a Tawfik Zidan Ltd urban renewal project, with the status "coming soon". Further figures will be published.

What pinui-binui is, and how it differs from strengthening

Pinui-binui is the demolition of an existing complex and rebuilding. It is not the strengthening of a building that goes on standing, with floors added on top. The difference is not only architectural — it replaces the question of what the building gains with the question of what each owner receives.

For an existing owner that means three things absent from a strengthening project: they leave the apartment, they need housing for the construction period, and they need securities over the consideration promised to them.

The special majority — the decisive figure at this stage

In a pinui-binui project the stage that fixes the schedule is not planning but consent. The Pinui-Binui (Incentives) Law, 5766-2006 requires a special majority of apartment owners, and the 2021 Economic Arrangements Law lowered it from 80% to two-thirds — 67% of all apartments in the complex, with further conditions regarding shares in the common property.

So the first question about a pinui-binui project marked coming soon is not when it starts but whether the majority has been reached. The full explanation of the track, the lapsed TAMA and the refusing owner is in the article on urban renewal.

Haifa, in its planning context

Haifa is on the list of fifteen authorities granted an extension for TAMA 38 — until May 2026 or until their replacement plan was approved, whichever came first. That date has passed, so urban renewal in the city runs through the tracks that remain: local plans, Amendment 139 to the Planning and Building Law, and pinui-binui.

The status of a specific plan is public information, checked at the local committee rather than in an article. It is also the figure worth checking before any conversation with a developer.

The company in Haifa — what has already been built

The company has a completed residential project in Haifa: HaRova — a residential and commercial complex in three buildings, 198 housing units. Details in the article on HaRova. That is the figure with execution behind it, unlike a project marked coming soon.

In addition, at the Gliliot education campus in Nesher — in the Haifa bloc — the company is building a primary school, a sports hall and four kindergartens for the Nesher municipality. Details in the article on the education campus.

What to check before entering a conversation

1. Whether the complex has been declared — and the plan's status at Haifa's local committee.
2. Whether the special majority has been reached — 67% of all apartments in the complex.
3. What securities are offered to the existing resident — and in which document they are written.
4. What the housing solution is — for what period, in which area, and who pays.
5. Who the developer is and who the executing contractor is — not necessarily the same body. Explained in the article on who is who in a project.
6. What the executor's contractor classification is — a figure checked in the contractors' register. Explained in the article on contractor classification.

All the company's projects, by field and status, are on the projects page.