josh007

By joshhtl

Huge mall, 1,700 housing units to be built in central Tel Aviv at a cost of $1 billion

Ofer Petersburg Published: 09.11.07, 10:46 / Israel Money




The Tel Aviv municipality published an international tender for the construction of a 15,000 square meter mall and a new neighborhood compiling 1,700 housing units.



The projects will be built on the area which until recently served the wholesale market in Tel Aviv.



Menahem Leiba, director-general of the Tel Aviv municipality, explained that the tender would be international because construction costs are slated to exceed $1 billion, a cost local entrepreneurs may not be able to meet.


The projects are part of a plan to completely transform the Hashmonaim Street complex in the city. As part of the plan, a European-style square will be built on a public parking lot in Haarbaa Street; vehicle traffic will be banned in the Kirya compound and six residential towers will be erected there.



Additionally, galleries and cafes will be opened along Kaplan Street in the area of the renovated Templer Houses

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Silently Loud

I hope it will start soon!
btw what does mean a square in european style?

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Tel Aviv:
94 approved
48 proposed
37 under construction

josh007

You know how Tel Aviv has Dizengoff square, well this will be similar except it will be fashioned after a European square. At least that is what I understood it to be.

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NYC2TLV

I thought that it meant a square in actual square shape with no vehicular traffic and tall buildings and cafes surrounding it.

josh007

Could be. Another thing that confused me about this article, was whether this is a mixed project of both Kirya complex and the wholesale market project. Because it talks about the templar buildings and residential towers in Kirya, no?

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