ABOUT INVESTMENT

21 Targowa St. is a marvellous example of how a completely dilapidated house can be restored to its former splendour. The construction was carried out in two stages: the first three floors were built in 1898, and the two remaining ones in 1910-12 (the address at the time was 45 Wolowa St.). Up until 1914 the property belonged to Michał Erlich, and documents from 1916 indicate that the owners at the time were Mr and Mrs Erlich. In the 1920s the building belonged to Boruch Klaperzak. Just before 1939 the plot registered as 21/23 Targowa St. was owned by Rywka Klaperzak. She is recorded as the owner up until the beginning of 1940. In 1945, the property passed into city ownership.

In October 2003, all tenants were evicted, utilities cut off, thus leaving the building empty, ready for demolition. It all happened due to the plans of prolonging Swietokrzyska street and the technical state of the house. The regional Historic Preservation Office in Warsaw did not approve the demolition and instead listed the building among historic monuments, as part of urban structure of Targowa street in its section between Plac Wilenski square and the railway viaduct.   

The derelict building was purchased by Fenix Group and the company began the process of the full-scale renovation, from the foundations up to the roof. This will enable to combine the pre-war comfort of apartment layout with all the contemporary mod cons. The entire elevation is being meticulously restored, as well as the interiors and all the elements showing artistry of the pre-war craftsmanship, such as ornaments, covings, door and window woodwork, or banisters.