Midtown Tel Aviv Explained

Midtown Tel Aviv
Location:Tel Aviv, Israel
Coordinates:32.0771°N 34.7935°W
Address:144 Menachem Begin Road, Tel Aviv-Yafo, Israel
Status:Complete
Building Type:Mixed-use

Office, Residential

Floor Count:50 (+7 Underground each)
Start Date:2013
Completion Date:2018
Roof:196m (643feet) (Office Tower)
183m (600feet) (Residential Tower)
Structural System:Reinforced concrete
Developer:Canada-Israel Ltd.
Architect:Moshe Tzur
Structural Engineer:David Engineers
Main Contractor:Electra Construction

Midtown Tel Aviv (he|מגדלי מידטאון) is a mixed-use skyscraper complex in the Nahalat Yitzhak district of Tel Aviv, Israel. Built between 2013 and 2020, the complex consists of two towers, the Midtown Office Tower standing at 196m (643feet) and the Midtown Residential Tower standing at 183m (600feet) tall, both rising to 50 floors. The Office Tower is the current 8th tallest building in Tel Aviv.[1]

History

The towers were built on the territory of the Tnuva dairy that operated there between 1953 and 2002, and the nearby junction was named after her "Tnuva Junction". After the closing of the dairy, the lot became a parking lot that operated until 2012 . In 2011, a partnership of the companies Israel Canada, Electra Real Estate and Eurocom Real Estate purchased the lot for NIS 530 million. In 2013, excavation work began on the lot.[2]

In February 2013 it was announced that the 16 lower floors in the office tower were sold to Ernst & Young,[3] but a year later the firm expanded the purchase to 21 floors for NIS 342 million. In March 2014, it was announced that the top three floors of the office tower, with an area of ​​5,000 square meters, were sold for NIS 88.5 million, these floors are occupied by the WeWork company, which located its Israeli headquarters on the top floor.[4]

In January 2017, the Magorit Real Estate Fund purchased 34 apartments in the residential tower, for approximately NIS 71.4 million.[5]

In 2023, the Shaul Hamelech station on the red line of the light rail was opened on the adjacent street, one of whose entrances is linked to the project.[5]

Architecture

The Midtown towers were designed by the office of the architect Moshe Tzur. They include a 197-meter-high, fifty-story office tower, with a total area of ​​approximately 75,000 square meters.[6] The design of the tower is like two boxes placed on top of each other with a slight offset. The lower box rises to a height of 32 floors and the other floors of the tower are moved by a slight rotation. The area of ​​each floor is about 1,660 square meters. The nearby residential tower rises to a height of 183 meters and includes 50 floors with 338 apartments.[7] At the time of its completion, it was the tallest residential tower in Israel. The residential tower is served by six elevators and a swimming pool . The tower includes 34 apartments for discounted rent, owned by the Municipality of Tel Aviv-Yafo and managed by the municipal housing company Ezera and Tesron.[8]

A commercial center with an area of ​​approximately 19,000 square meters was built in the project complex. Part of the center extends to the basement level and is connected to the Shaul Hamelech station on the red line of the light rail. An urban square will be built on the ground level that is also shared by the two towers that are expected to be built on the adjacent Klalit Health Services lot . Two to three story commercial buildings were built in the square. In the complex, the developers also built municipal services, such as kindergartens and a sports hall with 480 seats, to the east of the office tower, as a public task according to the requirement of the Municipality of Tel Aviv Jaffa.[7] The sports hall was built for multipurpose use for basketball, handball, gymnastics, and more. For teams in lower leagues, less popular branches and as a training facility.[1]

A new access road is expected to be paved to the south of the complex, and in the future a new bridge is expected to be built over the Ayalon lanes that will connect Emek Bracha Street to the complex from the east. A pedestrian bridge is expected to be built in the western direction. The total area of ​​the offices, residences and commerce built in the project is about 125 thousand square meters. In the complex, five parking floors were built in an area of ​​about 82 thousand square meters. The cost of the project is about NIS 2.6 billion.[9]

Buildings

NameImageHeight
m (ft)
FloorsFunctionConstruction
period
Ref
Office Tower 196m (643feet) 50 2013–2017
Residential Tower
183m (600feet) 50 2014–2018

See also

External links

Notes and References

  1. Web site: What is this tribune on the Ayalon? Tel Aviv's new sports hall. No menorah, no Hall of Solomon: 40 million shekels were invested in the construction of a sports hall in the "Midtown" complex. The fans climbing to the. ynet.co.il. Xnet. Hila. Shemer. he. June 11, 2017. November 22, 2024.
  2. Web site: Tel Aviv Dairy - The Old Tel Aviv. tnuvastory.co.il. Tnuva Museum. he. November 22, 2024.
  3. News: Ernst & Young will purchase real estate from Pangaia for NIS 256 million. globes.co.il. Globes. Shlomit. Tzur. he. February 14, 2013. November 22, 2024.
  4. Web site: The scope of the transaction for the purchase of the Ernst & Young offices in the Midtown tower - NIS 342 million. calcalist.co.il. Calcalist. Dotan. Levy. he. July 6, 2014. November 22, 2024.
  5. Web site: First deal for Magorit: affordable housing in a luxury tower for NIS 4,750 a month. themarker.com. TheMarker. Eran. Azran. he. January 17, 2017. November 22, 2024.
  6. Web site: The owners of the Midtown project in Tel Aviv sold 5,000 square meters of offices for NIS 88.5 million. themarker.com. TheMarker. Raz. Smolsky. he. March 10, 2014. November 22, 2024.
  7. News: Israel Canada buys Eurocom stake in Midtown Tel Aviv. globes.co.il. Globes Copyright of Globes Publisher Itonut (1983) Ltd. 2019. January 27, 2019. November 22, 2024.
  8. Web site: Tel Aviv Municipality will sell 50 apartments for discounted rent in three projects in the city. themarker.com. TheMarker. Eric. Mirovsky. he. October 22, 2017. November 22, 2024.
  9. News: Central Tel Aviv towers rule the tech office market. globes.co.il. Globes Copyright of Globes Publisher Itonut (1983) Ltd. 2021. May 20, 2021. November 22, 2024.