Jerusalem's Katamon Neighborhood to Get New 29-Story Mixed-Use Tower

A significant step has been taken towards the construction of a new residential, commercial, and employment complex in Jerusalem, as the urban building plan (Taba) for developer Avi Hayer's project on Yehuda Hanasi Street in the Katamon neighborhood has been approved and taken effect. The plan permits the erection of a 29-story tower containing 134 housing units, alongside approximately 5,000 square meters of commercial and employment space, public areas, and development of the surrounding environment.

For Avi Hayer's company, this marks another milestone in its Jerusalem activities and the advancement of projects integrating multiple uses within a single complex. The new project reflects the company's experience in residential, commercial, and office development, connecting the building to the needs of its urban setting. The complex is located at 24 Yehuda Hanasi Street, at the corner of Tuvia Street and near the Pat Junction. The plan covers an area of approximately 3.22 dunams before expropriations.

The design combines high-rise construction with base floors for commerce and employment, adding public and open spaces to the complex. Alongside the new apartments, the site will become a hub of activity serving its surroundings. The tower will feature 23 residential floors with 134 apartments, 20% of which will be small units. Typical floor plans include three and five-room apartments, catering to diverse housing needs. The base of the tower is planned for four employment floors, alongside commercial spaces and a public building of about 730 square meters. The design also includes a garden floor and a four to five-story underground parking lot, as well as approximately 525 square meters of public open space.

The integration of uses is a central component of the project, with residential floors situated above a base of business and commercial activity, allowing apartments, workplaces, and services to be concentrated at one address. The public and open spaces complement the design, giving the project significance beyond the residential building itself. The complex's location near the Pat Junction is also a key element, with planning documents referencing an approved route for the light rail adjacent to the site, crucial for integrating residential and employment uses with the urban transportation network.

The approval of the Taba is a major planning milestone towards the project's realization, establishing the framework for subsequent licensing and detailed planning. For Avi Hayer, this progress adds to his company's extensive experience in initiating, developing, and completing real estate ventures since 2003, with projects ranging from Eilat to Acre. This new plan in Jerusalem, combining 134 new apartments with commercial, employment, and public areas, represents further progress in his urban development activities and a step towards a new complex that will connect residents, work, and local services at a single address.