Jerusalem Approves Major Urban Renewal Project in Rasco Neighborhood
Translated & summarized from Bizportal by baba
Levinstein Group's urban renewal project in Jerusalem's Rasco neighborhood has been approved, replacing 42 old apartments with about 130 new ones. The plan includes commercial and public spaces and a garden. Two other similar projects on the same street are in earlier planning stages. Together, these three projects will add nearly 260 new apartments to the area, contributing to Jerusalem's broader urban renewal efforts which aim to build thousands of new housing units.
The story in 5 lines · by baba
- Jerusalem's Rasco neighborhood will see 42 old apartments replaced by approximately 130 new units in an approved urban renewal project.
- The Levinstein Group project includes new buildings of 8 to 11 stories, plus commercial and public spaces.
- Two other urban renewal projects on Tchernichovsky Street are in earlier planning stages, with one involving 48 old apartments becoming 134.
- The three projects on Tchernichovsky Street will collectively replace 133 old apartments with around 390 new ones.
- The approved project is part of Jerusalem's wider urban renewal initiative to create thousands of new housing units.
A significant urban renewal project in Jerusalem's Rasco neighborhood has received final approval, paving the way for the demolition of 42 old apartments and the construction of approximately 130 new ones. The plan, spearheaded by the Levinstein Group, focuses on a 3.5-dunam site at 31-33 Tchernichovsky Street, corner of Dov Kamhi Street. The existing three four-story buildings will be replaced by three new buildings ranging from 8 to 11 stories, offering around 130 new apartments. The project also includes about 300 square meters for commercial use, 440 square meters for public services, and a 300-square-meter urban garden. Residents will move into new apartments equipped with protected rooms, sun balconies, storage units, and parking. Levinstein secured the developer tender over a year ago and has since gathered the necessary majority of resident agreements. The company is now preparing the building permit application, estimating its issuance within two years, after completing the plan's publication in official records.
Two other urban renewal projects on Tchernichovsky Street are at an earlier stage, having been approved for deposit, which allows for public objections. Menarav Real Estate is advancing a project at 21-29 Tchernichovsky Street, involving the demolition of 48 apartments and the construction of 134 in their place, with an estimated investment of 300 million shekels. This plan includes five seven-story buildings with ground-floor retail spaces. Another project by Hachshara Urban Renewal and Tchernichovsky Renewal at 74-80 Tchernichovsky Street, at the intersection with Shimonni Street, will replace 43 existing apartments with 125 in six buildings, two of which will be nine stories high. This latter project mandates adherence to a four-star green building standard and will feature buildings constructed directly on the sidewalk line. The ground floor facing Shimonni Street is designated for public use.
Collectively, these three projects on Tchernichovsky Street will replace 133 old apartments with approximately 390 new ones, nearly tripling the housing density. This initiative is part of a broader urban renewal trend in Jerusalem, with the city promoting 1,430 new housing units across five urban renewal plans, including in Ramat Sharet and Kiryat Moshe, and the District Planning Committee recently approving plans for about 2,000 additional housing units in the city center.
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