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Economy13:22 · 46m ago

Tel Aviv Area Project Breaks Height Restrictions, Welcomes Residents

MaarivCenter
Translated & summarized from Maariv by baba
The story · English

The first phase of the "Alma" urban renewal project in Kiryat Ono, a city east of Tel Aviv, has begun occupancy, marking a significant development in the region's construction landscape. The project, which replaces 11 old railway buildings with 765 new housing units, includes the construction of ten buildings ranging from 14 to 20 stories. The tallest tower will reach approximately 116 meters (380 feet), a height previously restricted in the area due to its proximity to Ben Gurion Airport.

This height breakthrough was facilitated by Canaan Group, which advocated for a change in building regulations that had previously limited construction to 10-12 stories. The successful modification has reportedly paved the way for similar high-rise projects in the Ono Valley. The project also incorporates around 6,000 square meters of commercial and office space, alongside a central green boulevard.

Among the new residents are approximately 50 families from a Jewish community in Long Island, New York, who have purchased apartments as an investment and to establish roots in Israel. Original residents who lived in the demolished buildings are also returning to newly constructed apartments, now equipped with protected rooms (Mamads).

The urban renewal initiative was initiated by residents about 12 years ago. Despite challenges including labor shortages, price increases, and war-related delays, Canaan Group has managed to advance the project, with subsequent phases currently under construction. The third and final phase involves demolishing 72 apartments in three buildings to construct 180 new apartments in two 20-story towers.

Read the original at Maariv
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