On Wednesday, August 27, ICR announced the official submission of a major urban renewal plan for the Kiryat Shprinzak neighborhood in Haifa. The project includes the construction of approximately 2,400 residential units and commercial space.
The plan, promoted by ICR Israel Canada Raham, has been approved for submission by the District Planning Committee. ICR is managed by Dalit Raviv and jointly owned by Israel Canada (Barak Rosen and Assi Tuchmayer) and ORC LAND (Raz Oded).
This urban renewal (evacuation and reconstruction) plan spans approximately 65 dunams. It involves demolishing around 25 old residential buildings, each 3–4 stories high, totaling about 550 housing units that lack secure rooms and do not meet earthquake standards. In their place, ICR will construct about 20 new buildings ranging from 9 to 35 stories, totaling approximately 2,400 residential units.
The project will feature a mix of 3-, 4-, and 5-room apartments, garden apartments, and penthouses, combining high-rise and mid-rise construction. The plan also integrates natural parkland with exceptional views of the Haifa coastline. Additionally, the plan includes mixed-use zoning, with designated spaces for public buildings and commercial areas.
Of the 2,400 units, around 1,850 will be marketed by ICR, while the remainder will be designated for existing residents as compensation housing.
Project scope:
Residential space: 150,000 sqm
Commercial space: 3,500 sqm
Public built space: 11,000 sqm
Open public space: approx. 1.5 hectares
Dalit Raviv, CEO of ICR:
“ICR is committed to being active in high-demand areas, both in urban renewal and in promising new development projects with excellent transportation accessibility. We believe in Haifa, a city undergoing rapid development and renewal. This project is becoming a reality thanks to ICR’s persistence and strength, as well as the trust of the residents.
This plan is part of a broader urban renewal process in the area. Kiryat Shprinzak is a lively and vibrant neighborhood that is evolving and attracting a diverse population. It is uniquely located on the western slopes of Mount Carmel, offering breathtaking views of the Mediterranean Sea and proximity to parks and green spaces.
The project’s location in the Stromma–Jean Jaurès area aligns with our strategy to develop high-potential growth zones in demand areas, contributing to the improvement of the urban fabric-just as we have done in other projects in Givatayim, Herzliya, Netanya, and more.”
This achievement in Kiryat Shprinzak adds to a series of major successes by ICR over the past year, including:
Winning a major tender to build 900 units on Rothschild Street in Rishon LeZion
Receiving full building permits for the “Pastoral” project in Kiryat Yovel, Jerusalem (425 units)
Receiving full building permits for the “AIR” project in Givatayim (333 units)
Submitting the plan for the Rabbi Akiva project in Holon (492 units)
Harel Peretz, CEO of ICR Urban Renewal, added:
“We welcome the submission of the plan, which is the result of intensive work by all stakeholders. This is a significant and large-scale project that will transform the area. The time has come to bring such projects to life as soon as possible.
ICR is committed to advancing this project and intends to expand its activity in Haifa-a city experiencing renewal and attracting a young, high-quality population. We are proud to be part of Haifa’s urban development and thank our partners-the property owners, the municipality, and all involved parties-for their trust and collaboration. We will continue to promote this project and others creatively and responsibly for the benefit of the community and the city.”
About the Stromma–Jean Jaurès Complex
The Stromma–Jean Jaurès complex is a large and unique area in western Haifa, in the Kiryat Shprinzak neighborhood, situated on the western slopes of Mount Carmel. It is bordered by Ein HaYam to the north, Ramat Hanasi and Neve David to the south, and Sha'ar HaAliya to the west.
The project, advanced by ICR, is located along the following streets:
Stromma 4–8, 1–5 (East)
Jean Jaurès 21–45, 32–46 (North)
Yetzirat Europa 20–24
Soutine 3–11 (West)
The neighborhood is built on a cliff facing the sea. Eli Cohen Park, a charming slice of urban nature, is integrated into the design through green "fingers" that weave into the construction. Along with the panoramic sea views visible from almost every point in the complex, these are features that distinguish it from other developments in the area.
The advancement of this project allows ICR to provide the current residents with new, spacious apartments with secure rooms, significantly improving their quality of life. The average aerial distance from the sea is just 500 meters, with many units enjoying open sea views. The complex is surrounded by parks and public gardens, including the Shikmona Coastal Reserve and Eli Cohen Park, which extends into the project as an integral component.
The plan offers mixed-use residential construction of 2,400 units in buildings ranging from 9 to 35 stories. It ensures space for public use, connects to the surrounding neighborhoods, and provides a north-south landscape corridor. It also significantly improves traffic flow and pedestrian accessibility while preserving natural and landscape values and integrating them into the planning framework.
Project Architect and Planner: HQ Architects, led by Erez Ella
Law firms representing current residents: Ron Bar-Nat Law Office, Ben Ari Fish Law Office, and Advocate Hadar Arbel
Tenant representative: Ms. Sigal Sternberg, mediator and social consultant assisting residents throughout the project
About ICR:
ICR, led by CEO Dalit Raviv, is a real estate development company jointly owned by Israel Canada (Barak Rosen and Assi Tuchmayer) and ORC LAND (Raz Oded). Recently, Clal Insurance and Finance joined as a 15% partner with an investment of approximately NIS 260 million, valuing the company at around NIS 1.72 billion post-investment.
The company specializes in residential development, both large-scale and luxury, operating in major areas across Israel including Tel Aviv-Jaffa, Givatayim, Ramat Gan, Ramat Hasharon, Herzliya, Netanya, Bat Yam, and Jerusalem.
ICR is advancing around 50 projects across Israel at various stages of execution, planning, and marketing. These projects include about 15,000 housing units-of which about 30 projects are in the field of urban renewal, representing approximately 12,000 units.
The company plans to expand its urban renewal division and double the number of projects.
Currently, the company is in the midst of construction for 7 projects and marketing 3 others, totaling about 2,000 units. Earlier this year, it completed the occupancy of around 600 units in three key projects in Herzliya, Bat Yam, and Netanya, and by the end of the year it plans to hand over more than 1,000 units-most of them part of urban renewal projects.
For further information, please contact Yifat Rubinstein, Deputy CEO at Ran Rahav Communications, or Eli (available 24/7).