Budget Plan Update and More Downtown Buildings

There is a lot of new construction to report, so this post will act as a catchall for several projects being built in close proximity to one another.

First, as promised in the 2015 Jerusalem Budget, the renderings of the new public swimming pools are now available.

Jerusalem Swimming Pools
TOP: Pisgat Zev BOTTOM LEFT: Malcha BOTTOM RIGHT: East Talpiot

HaNevi’im Court

The nearly completed Hanevi’im Court, named after the street on which it stands, is a small luxury complex featuring 140 housing units. It is being built by Africa Israel.

Haneviim Court

Bianchini Street

Located near the Italian Synagogue, Bianchini Street is an Ampa Malibu project. The taller of the two buildings will have a height of 10-storeys and the combined buildings will offer 60 residences.

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Bezalel Student Dormitories

Lastly, being built near the Museum of Tolerance is a student dormitory that will cater to students of Bezalel Academy. Once built, the buildings will offer enough space to house 200 students, and with rent to be set at 1,200 shekels per month, it should not take long for all of the space to be occupied. The project is part of Mayor Nir Barkat’s plan to bring a younger population to the downtown area.

Bezalel Dorms

 

Budget Plan Update and More Downtown Buildings

Little Hadassah

Little Hadassah

A proposal to build four new high-rises in the Kiryat Yovel neighborhood was approved by the Jerusalem Municipality. The land, which is state-owned, was previously leased by Hadassah and will keep the nickname “Little Hadassah”. According to the new plan, 405 new housing units will be added to the area, and the goal is for 75% of the apartments to be rent controlled at 20-30% below market price for long-term renters. The project is aimed at younger couples, who will have the option of renting for periods of up to five years at a time.

The four 18-storey buildings will sit on the 20,000 sqm. green area is best known for the “Mifletzet” Monster Park. Two floors of each building will be reserved for business and commercial space.

These four buildings come as a part of the government initiative “Apartment for Rent,” promoted by Yair Lapid. Little Hadassah is the first of two planned projects. Mitcham Allenby, located off of Derech Hebron, will add an additional 281 housing units.

allenby

 

Little Hadassah