A significant and extensive urban renewal project by Almog Group in Jaffa is moving to the execution stage.
Last week, the Tel Aviv-Jaffa Local Committee for Planning and Construction approved the company's request for a building permit for a project located in the area between Kehillat Canada Street and Jerusalem Boulevard in the Jaffa D neighborhood along the Rokach Light Rail axis. This is the largest project within the framework of urban renewal in Jaffa currently at an advanced stage and the first to be promoted in the Jaffa D neighborhood.
As part of the project, designed by Bar Orian Architects and Zippor Architects, 8 old railway buildings comprising 208 old apartments will be demolished and replaced by 12 buildings of 9 to 29 stories containing 800 housing units. The project includes a diverse and unique apartment mix, with 2, 2.5, and 3-room apartments suitable for young people, singles, couples, and investors, alongside larger apartments of 4 and 5 rooms, mini-penthouses, and penthouses suitable for families.
The plan for the complex also includes the construction of public buildings totaling approximately 1,000 sq.m. intended for kindergarten classrooms, an additional 1,600 sq.m. of commercial space along Jerusalem Boulevard, and open public spaces (SHTAFIM) spanning approximately 0.67 hectares for the benefit of project residents and neighborhood inhabitants. In total, the project will cover about 2.6 hectares.
At the heart of the project, between the two rows of buildings, a central boulevard (linear park) is planned, inspired by the city’s famous boulevards such as Rothschild, Ben Gurion, and Nordau. The environmental development of the project is managed by Tema Company, which previously designed the environmental development of Habima Square, the Sarona Complex, and other iconic Tel Aviv projects.
The company stated that it is preparing to launch marketing later this year and that the expected average price for the project will be around NIS 42,000 per square meter.
Yaki Amsalem, CEO of Almog Group: "When you promote an urban renewal project for more than a decade and reach this significant moment just before the launch, it is always exciting. We thank the mayor and the planning and engineering authorities who assisted in advancing this significant and important project, which is the order of the day.
A large-scale urban renewal project, such as the one about to commence, practically brings the meaning of urban renewal to life in every aspect: firstly, addressing old and dilapidated buildings and the associated infrastructure that does not allow proper and safe living, and secondly, renewing the environment and cityscape through the creation of a contemporary complex that combines residential units, street-facing commercial spaces, alongside rich environmental development and public areas for the benefit of residents.
At Almog Group, we thank the long-time residents for their trust over the years and promise to advance the execution of the project as quickly as possible."