Haaretz, Israel’s oldest daily newspaper, yesterday published an announcement that apartment buildings across the city of Tel Aviv are set to move skywards. According to the publication, the local planning and building committee has confirmed that residential units in Tel Aviv are to undergo vertical extension projects as part of a new scheme to encourage investment in the city’s architecture.
The article reads: “After years of foot-dragging by the Tel Aviv municipality, the local planning and building committee has hammered out a program to add two and a half storeys to apartment buildings throughout the city. The move comes after years of delays in implementing National Master Plan 38 for reinforcing apartment buildings against earthquakes. The plan will breathe new life into property development and investment in the city.”
A formal statement is yet to be released from the planning and building committee however if these reports do come to fruition, the investment opportunities for Tel Aviv would be immense. Renovation projects of older residential structures in Jaffa and in the city’s east and southern districts could see homeowners and developers add another two and a half storeys above the current roofline while buildings on Ibn Gabirol Street could be extended by seven and a half storeys. There is also call for demolition in the White City of structures not under preservation to make room for new high-rise residential buildings.
Pe’er Visner, Deputy Mayor and chair of Israel’s Green Party is quoted as saying: “The committee meeting lasted over four hours and dealt mostly with removing barriers to the city’s urban renewal proposal. But the program included many restrictions and didn’t show any promise. Our duty was to simplify the process, and that’s what we did. In a long discussion we lifted at least 90% of the restrictions. This represents a breakthrough for urban renewal, good news for developers, and presumably a burst of building reinforcement work, flooding the city with new apartments.”