One of Tel Aviv’s most prestigious stalled redevelopment plans moved forward on Tuesday after the city’s local planning and building subcommittee approved a residential complex for Neve Gad and Tidhar in the Daphne Street demolition-and-rebuild district, near Ichilov Hospital.
The approved plan is for Complex 501, which will replace six old railway buildings on Daphne Street. It calls for a 34-story tower, a new municipal community center, and lower-rise buildings of 8 and 9 stories, for a total of 391 new apartments. Of those, 54 units will be reserved for long-term rental as affordable housing, and a four-level underground parking garage with about 500 spaces is also planned.
The wider regeneration project, split into six sections numbered 501 through 506, is expected to add about 1,000 homes to the street. The area was first declared a demolition-and-reconstruction site in December 2008, and the Tel Aviv district planning committee approved the overall plan in 2015. The approved framework envisions demolishing 21 aging 1950s railway blocks, with roughly 450 existing units, and replacing them with six towers of 25 to 30 floors and 1,434 new apartments.
The current approval marks the second stage in advancing the broader project. In March 2025, construction began on Complex 505, also led by Neve Gad and Tidhar, where 231 apartments are planned in a 29-story tower and a six-story building. Another area, Complex 502, remains tied up in legal disputes after residents ended their agreement with the two developers and chose a new promoter; last year, Tidhar and Neve Gad filed a NIS 60 million damages suit against the residents and the new developer, Adam Shuster.
