Jerusalem District Committee Approves Pinui-Binui Project on Borochov Street
Translated & summarized from Israel Hayom by baba
Jerusalem's District Planning and Building Committee has approved a major urban renewal project on Borochov Street, involving the demolition of 46 apartments and construction of 190 new units. The project, led by Hachsharat Yishuv Urban Renewal and Blilious Company, has the consent of 75% of rights holders. Construction is expected to begin in 2027, with the company advancing thousands more units in Jerusalem and other cities.
The story in 6 lines · by baba
- Jerusalem's District Planning and Building Committee approved a pinui-binui project on Borochov Street.
- The project involves demolishing 46 apartments and building 190 new units in two towers.
- Hachsharat Yishuv Urban Renewal and Blilious Company are advancing the project.
- Approximately 75% of the rights holders have agreed to the plan.
- Construction is expected to commence in 2027.
- The company is developing over 4,500 housing units in Jerusalem and thousands more nationwide.
The Jerusalem District Planning and Building Committee has approved a "pinui-binui" (demolish-and-rebuild) project on Borochov Street in Jerusalem. The project, advanced by Hachsharat Yishuv Urban Renewal and Blilious Company, which holds 50% of the project, will see three existing buildings with 46 apartments and eight commercial units demolished. In their place, a 25-story tower and a 10-story building will be constructed, comprising approximately 190 new apartments, along with commercial spaces, resident amenities, and public buildings. The companies report that approximately 75% of the rights holders in the complex have agreed to the plan. This project is one of six included in Menora's second investment deal with Hachsharat Yishuv Urban Renewal. Eliran Ben Shushan, VP of Business Development at Hachsharat Yishuv Urban Renewal, stated that the approval is a significant step and they are working to expedite the project's execution. He added that the company is advancing many other projects in Jerusalem, totaling thousands of housing units, and is pleased to contribute to the city's development. This Borochov Street project is the first of over 12 complexes Hachsharat Yishuv Urban Renewal is advancing in Jerusalem, encompassing about 4,500 housing units in various planning and promotion stages. The company anticipates the Borochov project will be ready to commence construction in 2027. Hachsharat Yishuv Urban Renewal is also preparing to start work on phases A and B of the "Ir Galim" project in Kiryat Yam, which includes 478 housing units. The company currently has over 9,000 housing units with approved building plans and approximately 32,000 units in various stages of advancement.
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