The building known as Hekluhúsið on Laugavegi will be demolished as part of a development project at address Laugavegi 174. The structure, which has been home to the Heklu car dealership for decades, covers an area of 5,620 square meters. According to the planning proposal, residential units along with commercial and service spaces will be built on the site, including parking areas. Örn V. Kjartansson, managing director of M3 property development, stated that construction could begin in July and the demolition might take place in August. He noted that the building spans more than one floor, so
Bias read (Center): The article provides factual information about a real estate development project without taking a stance or using biased language.
