Luxury towers in the periphery? Sounds like science fiction. Who can pay the high maintenance expenses, and is there enough of an affluent public to purchase the equivalent of an airborne villa? Well, this year two unusual towers will be added to the map, changing the picture entirely.
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The second-highest tower in Israel (in meters, not number of floors) will be a mixed-use tower in Nesher near Haifa, reaching a height of 240 meters (54 floors). Today, the highest tower in Israel – Azrieli in Sarona, Tel Aviv – is 238 meters tall. The Spiral tower, currently being built on the site of the Yedioth Ahronoth building, will reach 350 meters. Haifa's District Planning and Building Committee approved constructing the tower in the quarry of the Nesher industrial area. It will comprise 165,000 sq.m. of office space, residential space, student dorms, commercial space, over- and underground parking lots, and built space for other uses.
The tower will be built by Geshem Holdings and designed by Arch. Guy Miloslavsky. It is planned as part of the urban renewal project for Quarry 4.5 at Nesher and its transformation into a modern, contemporary employment and commerce hub. This is the largest project in the quarry compound (named after its location, 4.5 kilometers from Old Haifa, on the route of the historical Iraq oil pipeline), and it will raise the value of the entire compound through its vertical connection to the Technion and to Haifa.
The project will spread out over about 12.5 dunams at the center of the northern metropolis and will create urban connections and urban continuity between Haifa and Nesher; between the employment area and the Technion and Haifa University campuses; between the mountain and the valley. This will be achieved by connecting the tower via a pedestrian bridge to Dori Road and to the new cable car line, which will produce a synergic combination between students from the Technion and the growing employment hub at the quarry. The tower's sky lobby (on the 26th floor) will connect directly to the operating cable car station.
For sale and rent
The appearance of the Yoo or Akirov towers in Tel Aviv, and even of the Rothschild 1 tower, is no different from that of the luxury tower planned in Yoqne'am. It can be replicated and placed in any luxury neighborhood in Tel Aviv or Herzliya. For the first time, two 19-floor towers will be built in the hi-tech capital of the north. Last week, the Shoval Group, owned by developer Moshe Miller, submitted to the local committee a plan to build two architectural icons intended for residential purposes.
The urban building scheme for the 8-dunam lot allows building about 140 housing units. Each tower will contain 70 units. One tower is intended entirely for the free market, and the other is designated entirely for long-term, 15-year rent. Out of 70 units for rent, about 20 are intended for controlled rent for eligible renters, at a reduced rent of about NIS 1,800 for a 3-room apartment and about NIS 2,800 for a 4-room apartment.
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A tender for the lot in the Sha'ar HaGai neighborhood in the city was issued by the Israel Land Authority in collaboration with the "Apartment for Rent" government initiative. Shoval won the tender in July 2020 with an offer of about NIS 33 million for the land.
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