Tel Aviv Municipality approves Keren Hakirya project, which includes construction of 80-story office building alongside three additional towers with up to 770 apartments
The Tel Aviv Municipality’s Local Committee has approved a plan for the construction of Israel’s tallest residential, business and leisure complex.
The Keren Hakirya project will see the construction of two 80-story and 50-story office buildings, which together include 100,000 square meters, and two 45-story residential buildings which will include up to 770 housing units.
The plan has now been submitted for the approval of the Tel Aviv District Committee. The project will be built on the corner of Shaul Hamelech and Weizmann streets.
As part of the plan, which is being promoted by the Israel Land Authority, 20% of the housing units in the project will be small apartments measuring up to 65 square meters (700 square feet), and the rest will measure 85 square meters (915 square feet).
The project is located on the northeastern corner of the northern Kirya Base compound, on an area of more than 9 acres, and is the second compound approved by the Municipality in the northern Kirya area.
The project was approved as part of the “green line agreement” signed between the Israel Land Authority, the Tel Aviv-Jaffa Municipality and the Finance and Transportation ministries. The agreement includes several projects in the area and links their execution with a solution for creating an underground light rail on Ibn Gabirol Street (the Green Line).
According to the Israel Land Authority, the Keren Hakirya project aims to tackle the shortage of offices and apartments in Tel Aviv.
