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Ongoing Story· Day 2

First Redevelopment Project Begins in Pardes Hanna-Karkur

2 developments

BizportalGeneral

First Redevelopment Project Begins in Pardes Hanna-Karkur

Translated & summarized from Bizportal by baba

BusinessNeutral tone

Hebrew · Sole source

Pardes Hanna-Karkur has launched its first urban renewal project, demolishing old buildings to construct new ones, increasing the apartment count from 36 to 80. The project signifies a move from planning to construction for the town's urban renewal efforts.

The story in 6 lines · by baba

  • Pardes Hanna-Karkur's first urban renewal project has begun with building demolitions.
  • 36 old apartments will be replaced by 80 new ones in four buildings.
  • The project, "Pinaat HaMoshava," is expected to take two years.
  • New apartments will include modern amenities and parking.
  • The remaining 44 apartments will be sold starting at 2.6 million shekels.
  • The town has established an urban renewal administration to promote more projects.

Pardes Hanna-Karkur has commenced its first urban renewal project, known as "Pinaat HaMoshava," located on HaTzfirah Street. Three older residential buildings, containing a total of 36 apartments, were demolished on Sunday to make way for four new buildings that will house 80 apartments. This marks a significant step for the community, which is in the earlier stages of urban renewal compared to central Israeli cities, moving from planning to actual construction.

The developer, Shi Hai, expects the project to take approximately two years to complete. The original residents will receive new apartments with added space, a safe room (Mamad), a sun balcony, storage, and parking. The remaining 44 apartments will be sold on the open market, with prices starting around 2.6 million shekels for five-room apartments, garden apartments, and penthouses. This pricing positions the project at the higher end of the local market for new, larger homes.

This redevelopment initiative is part of a broader plan for Pardes Hanna-Karkur, which includes a previously completed phase of 70 apartments in the Omerim neighborhood. The local council has established a dedicated urban renewal administration, with government support, to advance additional projects throughout the town. The goal is to increase housing supply while simultaneously reinforcing existing structures, enhancing security, and upgrading infrastructure.

For the residents of HaTzfirah Street, the process from initial planning to demolition spanned about eight years. The old buildings were over fifty years old, and many apartments lacked modern amenities like safe rooms, elevators, or private parking. The next challenge for the town will be expanding urban renewal to more areas while ensuring that infrastructure, including roads, education, public spaces, and city services, keeps pace with the addition of hundreds of new housing units.

BizportalOther · Tel Aviv

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