What is the Status of Barbaros Boulevard Urban Transformation Process?

There are two main reasons for the slow progress of urban transformation in the Beşiktaş region in general, but not everywhere.
The first and biggest reason is that since there is no comparable increase, most of the owners do not look positively at their buildings undergoing urban transformation.
In the current scenario, the fact that their flats will become smaller during urban transformation or that they have to allocate a serious budget to maintain the same m² area makes them step back.
Another reason is the slow progress of urban transformation and the high number of elderly population throughout Beşiktaş.
According to the information I have, Barbaros Boulevard is a special area where there is an increase in traffic.
There are already ongoing construction projects. One of them is Barbaros 48 project, the other is Kempinski Residences Balmumcu.
There is another construction project that will start soon in the same region, on Barbaros Boulevard.
However, the number of investors who are located in old buildings on Balmumcu due to the urban transformation advantage is not small. Iba Blocks is one of them.