Tel Aviv Approves 371 Apartments in Neve Sha'anan Renewal Project
Translated & summarized from Calcalist by baba
Tel Aviv's Local Planning and Building Committee approved five towers and 371 housing units for the Neve Sha'anan neighborhood's renewal. The project, involving Elad Real Estate, Sela Binyan, Shoval, Bar'al, and Bonelli Company, includes residential, commercial, and public spaces, along with underground parking. The approvals are part of a long-term effort to revitalize the neglected area, with a separate large development also progressing at the former central bus station.
The story in 5 lines · by baba
- Tel Aviv approved five towers and 371 apartments for Neve Sha'anan neighborhood renewal.
- The project includes residential units, offices, commercial spaces, and public buildings.
- Elad Real Estate, Sela Binyan, Shoval, Bar'al, and Bonelli Company are involved developers.
- The renewal aims to revitalize one of Tel Aviv's most neglected neighborhoods.
- A separate large development at the former central bus station is also underway.
Tel Aviv's Neve Sha'anan neighborhood is set for significant renewal with the approval of five new towers and 371 housing units by the Local Planning and Building Committee. The project, which includes residential units, office and commercial spaces, and public buildings, aims to revitalize the historically neglected area. The approved plans encompass six underground parking levels shared by all structures.
Three separate applications, all part of a single complex on Gra, HaRakevet, and Bnei Brak streets, were unanimously greenlit. Elad Real Estate, a partnership including Sela Binyan, Shoval, and Bar'al, will construct a 20-story residential tower with 148 units and a commercial ground floor, alongside an office and public building. Elad also received approval for increased building coverage and an additional two residential floors, bringing the tower to 22 stories, featuring large balconies and private rooftop pools. An objection from a nearby hotel owner was dismissed.
The Sela, Shoval, and Bar'al partnership secured approval for a 23-story commercial and public building and a 15-story residential building with 105 units, including two extra floors for the residential structure. Bonelli Company received approval for a 33-story tower containing 118 apartments, offices, commercial space, and public areas, plus a shared swimming pool. The committee stipulated that building permits for all three applications would be issued simultaneously, contingent on agreements with the municipality, fire department approval, and city architect sign-off. Elad's plan also includes planting 78 trees.
Neve Sha'anan, one of Tel Aviv's most neglected neighborhoods, has been slated for renewal for decades. The process has been complex due to multiple ownerships and lengthy planning procedures. Separately, the large "HaShomron" complex, formerly the old central bus station, is also undergoing development. Approved in 2020, this 80-dunam site is expected to feature 153,000 square meters of employment space and 1,333 apartments, with 138 designated for affordable housing.