Past co-owner dispute put a Herzliya plot into receivership
In 2018 a dispute between the Gindi brothers and a co-owner of a 5-dunam plot in west Herzliya HaYeruka led to receivership proceedings; the plot was sold to Yossi Avrahami.
DevelopersChen & Itay Gindi
Chen & Itay Gindi
חן ואיתי גינדי
Chen & Itay Gindi is a private developer founded in 1998 by the brothers Chen and Itai Gindi, separate from Gindi Holdings. A group of business owners organised under its lead won seafront North lot 3107 on 26 March 2025 for ₪208.8M plus ₪15.5M development, with most of the 82 homes belonging to the company for sale on the open market. The company markets the lot as 'Gindi Sde Dov, coming soon': two 9-storey buildings with 82 homes by Moshe Tzur Architects, in planning, with a waiting list and no published prices.
The company
- Founded
- 1998 (Globes, December 2021)
- Founders
- Brothers Chen and Itai Gindi
- Head office
- HaHoshlim 5, Building B, Herzliya Pituach (company site)
- Listed
- Private company, no exchange listing
- Ownership
- Private, owned by the brothers Chen and Itai Gindi. A separate branch of the Gindi family from Gindi Holdings (Yigal Gindi's children) and Gindi Investments (Moshe Gindi's children) (Globes, December 2021).
- Scale
- Company-stated: more than 25 years of activity in housing, offices, hotels, retail and urban renewal. Globes reported land deals of more than ₪500M in the year to December 2021, much of it with Rami Shabiro and Tidhar.
- Elsewhere
- Einstein 2-4-6-8, Tel Aviv, with Rami Shabiro, on Gush HaGadol land next to Sde Dov (company site)
- Gindi Liv, Ganei Tikva (company site)
- Calla, Tel Aviv (company site)
- THE REEF, Park HaYam, Netanya: the first of three towers (aggregator, 2026)
- TWENTY ONE, Florentin, Tel Aviv: 87 small homes, architect Gidi Bar Orian (Globes, December 2021)
- Kfar Yona land bought with Tidhar for ₪118M (Globes, December 2021)
- Not to be confused with
- Not Gindi Holdings (GINDI VOGUE, lots 2206 and 2255, won by Gindi Israel 2010). The August 2026 sale of commercial and office space in 'Gindi Sde Dov' to REIT 1 for about ₪400M concerns Gindi Holdings' VOGUE, not this company. Its 92-unit Einstein Street project with Rami Shabiro is on Gush HaGadol land adjacent to Sde Dov, not on a Sde Dov complex lot. The March 2025 losing bid for lot 104 is by Chen & Itai Gindi, not Gindi Holdings. Project TLV lists the group's lot as 3104; the tender results give 3107.
What a buyer from abroad should know
The English page, 'Gindi Sde Dov, coming soon', offers a waiting list but omits the unit count, building heights and architect that the Hebrew page gives. No prices, plans or delivery date are published in either language (September 2026).
What it paid, and for what
Every recorded acquisition in the district, with the source for each.
- ILA tender 267/2024 (North, market-rate housing)2025-03-26lot 310782 homes₪224.3M
₪208,818,818 land plus ₪15,489,281 development (WizBid); Nadlan Center, Ynet and Calcalist: about ₪224M. 33 bids. The formal winner is a 'list of bidders' (purchase group) led by the company.
- WizBid (aggregates Israel Land Authority results): tender 267/2024, Sde Dov North, lot-by-lot winners, bids and plan lot numbers2026-09
- Nadlan Center: Sde Dov North tender results (2,744 units)2025-03-26
- Globes: land for 2,700 more units sold in Sde Dov2025-03-26
- Sde Dov district news site: the big North tender closed2025-03-27
- Calcalist: business partners join Chen & Itai Gindi on a seafront lot; bid ranked fourth2025-03-27
Timeline
- Led the purchase group that won North lot 3107, 82 units, ILA tender 267/2024 closed 26 March 2025: ₪208.8M land plus ₪15.5M development; 33 bids for the lot, the highest ₪236.2M
- Its bid ranked fourth for the lot and won because higher bidders who had won other lots were struck out under the one-lot rule; most of the homes belong to the company and will be sold on the open market (Calcalist, 27 March 2025)
- Named the project 'Gindi Sde Dov, coming soon' on its site on 8 April 2025: two 9-storey buildings, 82 homes, Moshe Tzur Architects, in planning, waiting list
- No design plan approval reported as of 28 September 2026
- Appealed the Central district plan together with Rami Shabiro; appeal rejected, February 2025
- Bid for private Eshkol lot 104 and lost to Dan Real Estate, March 2025
On the record
Published facts a buyer would want before signing. Each carries its source.
Bat Yam hotel plan cancelled
In January 2024 the Tel Aviv district planning committee cancelled a plan by the Shabiro group and Chen & Itai Gindi for a 20-storey hotel with 220 rooms and 60 homes near the Bat Yam shoreline, ruling that it harmed the coastline.
Where sources disagree
Published figures that do not match. Both readings are given rather than one being chosen.
Which lot did the Gindi-led group win?
- Lot 3107
- Lot 3107 in block 6896
- Lot 3107, 82 homes, Moshe Tzur Architects
- Lot 3104
Three sources, including the tender results, give 3107; Project TLV's 3104 is the outlier.
What did the group pay, and for how many homes?
- ₪208.8M land plus ₪15.5M development, about ₪224M, for 82 homes
- About ₪244M including development, for 82 homes
- ₪224M including development, for a lot of 62 homes
Globes' ₪244M and Calcalist's first-night '62 homes' look like slips; the tender results and Calcalist's next-day article give 82 homes and about ₪224M.
Projects
Sources
Everything on this page traces to one of these.
- Chen & Itay Gindi (company page): 'Gindi Sde Dov, coming soon', 82 units, two 9-storey buildings, Moshe Tzur Architects, in planning, waiting list2026-09-28
- Chen & Itay Gindi (company page, English): 'Gindi Sde Dov, coming soon', in planning, waiting list (no units or architect)2025-06-10
- Chen & Itay Gindi (company site): home page, more than 25 years, selected projects2026-09
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