Shoval Group Begins Construction on Two New Haifa Projects
Translated & summarized from Israel Hayom by baba
Shoval Group has started construction on two new real estate projects in Haifa, Israel: "Shoval Touch" with 401 units and an urban renewal project on Ider Street. The company is actively developing multiple projects in Haifa, a key market for them. These new developments add to their existing portfolio and future plans for thousands of housing units in the city.
The story in 5 lines · by baba
- Shoval Group has begun construction on two new projects in Haifa: "Shoval Touch" and an urban renewal initiative.
- The "Shoval Touch" project will include 401 housing units in 14 buildings near Sammy Ofer Stadium.
- The urban renewal project on Ider Street will replace an eight-unit building with a new 26-unit structure.
- Shoval Group considers Haifa a central market and is advancing multiple projects there.
- The company is planning thousands of additional housing units through urban renewal in Haifa.
Shoval Group has commenced construction on two new real estate projects in the northern Israeli city of Haifa. The first, named "Shoval Touch," is located in the Neot Navon neighborhood and will feature 401 housing units spread across 14 buildings, including two 22-story towers. This project combines apartments for the open market with units under the "Target Price" program and is situated near Sammy Ofer Stadium, with some units offering sea views. Approximately 250 apartments have already been sold since sales began three months ago.
The second project is an urban renewal initiative on Ider Street, involving the demolition of an existing eight-unit building and the construction of a new 26-unit building under the Tama 38/2 urban renewal plan. These developments add to Shoval Group's existing portfolio in Haifa, which includes the recently completed "Lotus 20" project and other ongoing developments.
The company is also advancing several other urban renewal complexes in Haifa, collectively comprising thousands of housing units currently in various planning stages. Yishai Rot, CEO of Shoval Group, stated that Haifa is a key market for the company, where they have a long-standing presence and are actively involved in multiple ongoing and upcoming projects. Orital Harush, Marketing and Sales Manager, emphasized the significance of the construction start for buyers, marking the transition from planning to physical execution.