Ambitious plan adds two floors to Tel Aviv's Dizengoff Center

Dizengoff Center, Tel Aviv  credit: Guy Hamoy
Dizengoff Center, Tel Aviv credit: Guy Hamoy

The Tel Aviv Municipality and the owners seek to build small rental apartments, a roof garden, and kindergartens on top of the veteran mall.

Two floors will be added to Tel Aviv’s Dizengoff Center shopping mall, on top of which a public park will be laid out, and kindergartens will be constructed. These are the main points of an ambitious plan being promoted by the Tel Aviv Municipality and the owners of Israel’s best-known mall. The outline of the plan will be presented to the public at a meeting at the Lev cinema tomorrow.

Dizengoff Center is not exactly a mall of the kind built today, and it opened almost a decade before the first shopping mall proper in Israel, the Ayalon Mall. It is, however, a commercial center not unlike a mall. It was built in 1977 by the Pilz family, headed by Aryeh Pilz. The family currently owns a quarter of the property, and it will be represented at tomorrow’s meeting by Dizengoff Center co-CEO Dan Pilz.

Dizengoff Center has 350 stores, and employs 150 people directly. Its turnover last year was estimated at NIS 60-65 million monthly. The center has come in for much criticism. It has aged, and there are complaints about its design, but the fact is that it has survived the years and is popular, largely thanks to its incomparable location on the corner of Dizengoff Street and King George Street.

The Tel Aviv Municipality decided to carry out an urban renewal plan on the site that will include turning the adjacent 1240 Street into a pedestrian walkway, adding floors, and turning part of the veteran commercial center into public amenities. Two and a half floors will be added to the center, consisting of small apartments for subsidized rental, and hotel and work spaces.

"This is the greenest and most socially aware project imaginable," says architect Gidi Bar-Orian, the designer of the addition to the center. "It includes two and half floors of inclusive housing, a hostel, and expansion of the pool and the cinema, and the entire eight dunams of roof will become a public park with kindergartens. As far as I am concerned, this is a super-conceptual project that takes more from faculties of architecture than from life itself."

The meeting that will take place tomorrow is described as "updating the public" rather than "consulting the public", indicating that it will be more about providing information, and will not be a forum for hearing objections and ideas.

The plan itself has a long way to go in the planning process before it is realized. It has to pass both the local and the regional planning committees.

Published by Globes, Israel business news - en.globes.co.il - on September 18, 2024.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2024.

Dizengoff Center, Tel Aviv  credit: Guy Hamoy
Dizengoff Center, Tel Aviv credit: Guy Hamoy
groundcover founders credit: Yossi Yarom Israeli observability co groundcover raises $35m

groundcover has developed a “Bring Your Own Cloud” (BYOC) observability solution, redefining the architecture of a modern observability platform.

Tel Aviv Stock Exchange credit: Shutterstock MagioreStock Foreign investment in TASE hits five-year high

Foreign investors have been flocking to the Tel Aviv Stock Exchange in recent weeks, the TASE research department tells "Globes."

Elbit Systems tank turret systems credit: Elbit Systems Elbit Systems wins $100m tank turret systems deal

The Israel defense electronics company will supply its advanced UT30 MK2 unmanned turret systems to General Dynamics European Land Systems (GDELS) to be supplied to a NATO European country.

Tomer Weingarten Photo: PR Trump targets SentinelOne exec in act of revenge

The US administration has suspended the security clearance of the company's chef intelligence and public policy officer Chris Krebs and everyone associated with him.

Tel Aviv Stock Exchange share prices rising credit: Tali Bogdanovsky TASE opens sharply higher after Trump U-turn on tariffs

The pause is being interpreted as a climb down after US President Donald Trump admitted he had made the move to calm the markets.

Ashot Ashkelon credit: Ministry of Defense Up 250%, Ashot Ashkelon wins another Defense Ministry order

The Israeli defense company's share price has risen 250% in the past three years since FIMI Opportunity Funds acquired control.

Liad Agmon credit: Eyal Izhar Insight Partners Liad Agmon steps down as managing partner

Serial entrepreneur Agmon has served as a partner at Insight Partners Israel alongside Daniel Aronovitz who set up the Israel office.

Shekels credit: Shutterstock Vladerina32 Shekel slide resumes amid escalating tariff war

The Bank of Israel is not expected to intervene in the forex market despite the sharp depreciation of the shekel.

Nir Zuk credit: Inbal Marmari Palo Alto Networks mulls buying AI security co for $700m

Sources inform "Globes" that on Palo Alto's radar is Protect AI.

President Donald Trump hosts Prime Minister Benjamin Netanyahu credit: Reuters Kevin Mohatt Israeli officials confident on US tariff concessions

Senior Israeli figures believe that concessions could be tied to progress on strategic regional political issues that are important to President Trump.

Phoenix Investment House CEO Avner Hadad  credit: Tommy Harpaz "The market has priced in all the bad things"

Phoenix Investment House CEO Avner Hadad says US markets could continue to fall, but that we are close to interesting territory for patient investors.

Tel Aviv credit: Shutterstock Tel Aviv slips in World's Wealthiest Cities ranking

Tel Aviv's position as one of the world's wealthiest cities took a big knock over the past year as it slipped from 42nd to 48th in investment advisors Henley & Co.'s "World's Wealthiest Cities" Top 50 ranking.

Leviathan platform  credit: Albatross C'ttee seen recommending no cut in gas exports

The Dayan committee on the future of the gas sector estimates that Israel's natural gas reserves will run out in 2045.

Accountant General Yali Rothenberg credit: Rafi Kutz Israel's fiscal deficit continues to narrow

The deficit narrowed in the twelve months to the end of March 2025, for the sixth consecutive month, Ministry of Finance accountant general Yali Rothenberg reported today.

Arkia credit: Arkia Arkia cuts Tel Aviv - New York April fares

Arkia has cut fares at the last minute, a time when prices usually soar even higher, according to the pricing method used in the industry.

Bank of Israel Governor Prof. Amir Yaron credit: Dani Shem Tov Knesset Spokesperson BoI Governor: US tariffs could push up inflation in Israel

Prof. Amir Yaron tells "Globes" that there is a risk that the new tariffs will cause inflation to rise in the US, with a knock-on effect for Israel.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018