Breaking Ground: Tel Aviv Launches Tender for Major Mixed-Use Development Project
A major development project is underway in Tel Aviv, with the Israel Land Authority launching a tender for a commercial and office complex. The 19-hectare “South of the Kiriya” project is located east of Derech Begin, south of The Hasmoneans and the Four St., north of Kaplan St., and west of Leonardo da Vinci St. This new tender represents a significant step forward in the creation of a mixed-use business and residential center in a prime city location.
The upcoming neighborhood will feature a central urban hub covering approximately 5 hectares, with commercial zones totaling around 25,000 square meters, office spaces amounting to roughly 354,000 sq.m., and public facilities encompassing approximately 16,900 sq.m. Additionally, there will be approximately 648 units of “D Special” housing spread across a 2-hectare area, with designated spaces for tourism and vacation hotels covering 1/2 hectare. The development plan also includes around 6 hectares for road infrastructure improvements and pedestrian pathways, as well as 4.4 hectares of open areas including a central park with preserved trees and buildings.
The minimum price and development costs will be provided at a later date. It is important to note that the plot falls under the Ta/3000 plan, indicating its main purpose as a central business center in line with Tel Aviv’s urban development goals. This project is expected to bring significant economic benefits to the city and its residents while enhancing its overall attractiveness as a global business hub.
