318 apartments approved for Tel Aviv's Carmel Market

Tel Aviv's Carmel Market will have an additional 318 apartments and an underground parking garage, as part of the renovation plan approved by the Tel Aviv Regional Planning and Building Commission today. The plan applies to a 74-dunam (18.5-acre) site that includes the Carmel Market, the Western Market, the Carmelit parking lot, part of the Conquerers Park, and lots owned by the Israel Land Authority.

The plan will renovate the Carmel Market, Tel Aviv's main outdoor market, and the Western Market, add residences, and create logistics anchors and open public spaces. It will regularize the market's statutory status, which will allow the issuing of building permits for the market's rehabilitation and renovation, replacement of old infrastructures, proper garbage removal, and other matters. The plan also establishes rules for stalls, light walls, the placement of street furniture, as well as parking and logistics. It also zones temporary lots for public needs of the Kerem Hatimanim and Kerem Israel neighborhoods. The plan sets building rights and instructions for areas that are currently blocked, to allow urban renewal projects that will include residences, hotels, offices, and commercial space.

There are currently 168 apartments in the area of the Carmel Market, to which 318 apartments will be added, for a total of 486 apartments with a total area of 25,800 square meters.

Source Globes