The Jerusalem Local Planning and Building Commission yesterday recommended that the District Planning and Building Commission approve for deposit an urban renewal plan on Bar Yochai Street in the Katamon Tet neighborhood. The municipality says that the plan is one of the results of the greater certainty created by approval of an urban renewal masterplan in the Katamon Het and Tet neighborhoods.
The plan approved yesterday involves buildings at 5, 7, 11, 13, and 15 Bar Yochai Street on a 52.6-dunam (13.15-acre) site. The plan involves demolition of 376 existing housing units in the old buildings and construction of five new residential towers with a total of 980 housing units. The proposed construction includes towers of 32 to 36 floors, commercial space, built-up space for public use, and development of a public park. The development company is Kidmat HaYovel and the architect is Michal Della Pergola.
The plan also proposes widening Bar Yochai Street and turning it into a two-way street with public parking spaces along it. Also included is a new road connecting Bar Yochai Street with the public spaces touching Dov Yosef Boulevard, thereby providing access to two of the proposed towers in the plan. A light railway line is planned in the space bordering the plan on the south.
Since the plan also requires approval by the Jerusalem District Planning and Building Commission, the Local Planning and Building Commission recommended that it be deposited for objections and further handling.
"Urban renewal is the right urban and social solution for Jerusalem. In this way, we will be able to increase the supply of housing units in the city," Jerusalem Mayor Nir Barkat said. "Jerusalem has the potential to immediately build 30,000 housing units through urban renewal."
Published by Globes [online], Israel business news - www.globes-online.com - on August 2, 2018
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