Adjacent to downtown Beirut is a small area called “Khanda2 el Ghami2”, and if you happened to pass by it someday, you can’t but notice the many abandoned buildings there. Once street in fact, the Tayyan street which is pretty close to Beirut Digital District, looks deserted with many vacant buildings. And what’s weirder is that there isn’t a single construction site there even though we all know there’s always a high demand for Land in Beirut.
Upon asking around a bit, one trusted source told me there’s a real estate company that is slowly purchasing every single building in Khanda2 el Ghami2 (the area enclosed in red), and have so far purchased many of the buildings you see in the picture above, in order to later demolish them all and reconstruct the whole area to make way for commercial spaces, residential towers, etc… and thus making it quite similar to what Solidere looks like.
Not that I oppose the idea, since the company isn’t doing anything illegal and is actually offering good money to the owners, but if would be interesting to learn more about this project. So if you have any information about it, please do share it in the comments.