BSR, a prominent name in the real estate development sector led by Owner and Chairman Nachshon Kivity, alongside the JTLV Foundation and the Yehuda Rahami Building Company, is set to leave an indelible mark on Jerusalem's landscape. These partners have won the tender for the prestigious Mahane Yehuda project. The tender, valued at approximately NIS 120 million, covers the A2, A3, and B complexes adjacent to the Miter Bridge and the Nation Buildings complex. An additional NIS 53 million will be invested in development expenses, underscoring the project's ambitious scope and the commitment of these organizations.
The Mahane Yehuda project is a significant development for Jerusalem, allowing for mixed-use construction across the three complexes. This development will encompass 376 housing units, alongside commercial, employment, hotel, and tourism facilities. It will also feature spaces for cultural and recreational activities, public use, and open spaces, complemented by an underground parking lot. The project's design supports a holistic urban living experience, ensuring that residents and visitors alike can benefit from a vibrant and multifunctional environment.
The A2, A3, and B complexes are integral parts of a broader vision for Jerusalem's entrance district, which spans a massive 1.2 million square meters. This area will include 650,000 square meters dedicated to employment, 200,000 square meters for hotels, 100,000 square meters for public and cultural uses, and 100,000 square meters for residences. Additionally, there will be 72,000 square meters for commercial activities, 70,000 square meters for residential rentals, and 25,000 square meters for sheltered housing. The project envisions around 20 towers, ranging from 18 to 40 floors, transforming the district into a modern, bustling urban center. This ambitious plan has been advanced by the Eden Company - the Jerusalem Economic Development Company, with designs from the renowned international architectural office TOPOTEK1, Dan Ben Amram Engineering and Management, Farhi Tzafir Architects, and the Miller Blum Environmental Planning Office.
The importance of this project to Jerusalem cannot be overstated. Mayor Moshe Leon has emphasized its significance, stating, "This is the fourth marketing that ends with great success, and is another expression of confidence from the leading companies in the economy in Jerusalem's next high-tech and employment complex. The complex is becoming a center of attraction for the leading companies in Israel and will attract a quality population to the city. This is another step on the way to making the city of Jerusalem its capital Israel's high-tech." The Mahane Yehuda project is not only a testament to Jerusalem's potential as a high-tech hub but also a pivotal development in enhancing the city's economic and cultural landscape.
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