Jerusalem to Build 260 Affordable Rental Apartments in City Center

Jerusalem Municipality and the municipal company Eden have selected Shapir Group to develop a long-term rental housing project in the city center. The project will include 260 apartments across the Beit Ha'am and HaMeshulash complexes, along with commercial, cultural, and educational spaces. The development will be financed, operated, and managed over a 25-year period.

The apartments will be offered to eligible participants of the "Apartment at a Discount" program at rents 20% below market rates, with 15% of the units reserved for Jerusalem residents. The initiative aims to increase rental housing supply and revitalize the city center through mixed-use development.

At Beit Ha'am, a nine-story building will house 120 rental apartments, commercial areas, and the restoration of the Vertigo and Kolben Dance halls. At HaMeshulash, located at the intersection of Osishkin and Menorah streets, another nine-story building will contain 140 apartments, 500 square meters of commercial space, 300 square meters of cultural space, and two kindergartens.

Jerusalem Mayor Moshe Lion stated that the project supports young people and families by providing quality housing in the city center while strengthening cultural, educational, and community institutions. Eden CEO Yehuda Saban emphasized the project's role in expanding long-term affordable rental housing, retaining young residents, and enhancing the city center with 20,000 square meters of combined public and commercial use.