Jerusalem has a rich history that makes even New York pale in comparison. Hence, no wonder that there are plenty of ambitious real estate projects that are currently stand in different stages of creation: from planning to acquiring the necessary authorizations, the construction process or marketing the new project for inhabiting the advanced living spaces.
In this review we'll go over some of the most exciting initiatives, crafted by the greatest entrepreneurs and that must be in the eye-sight of the greatest investors or anyone who would love to keep up with the best opportunities in the city.
The overall development of the city is going hand-in-hand with plenty of restoration projects, such as the Cardo Road, unraveled and reconstructed. Additionally, plenty of housing projects are being initiated in newly built areas, as well renewing old buildings for adding few stories, balconies, elevators, underground parking lots and other elements that significantly improves the quality of life for the residents. For instance, new construction at Davidka Square will create a 30-stories tower with 170 apartments as a refurbishing initiative. Additionally, the whole city keeps evolving with the most modern and most progressive solutions, such as the funicular that will take the visitors directly to the Western Wall. This project was recently authorized, despite some objections from different parties.
Photo: Nefussy Project
All in all, the dynamics in the ancient city show no signs of slowing down any time soon!
Luxurious housing initiatives are allowing us to live in the city while feeling secure and slightly reclusive. Here are some examples of such compounds:
J19 Boutique ResidenceThe definition of luxury and high class, this initiative offers some of the most promising residencies in Jerusalem, offering self-inclusive solutions, management services, business lounges, and coffee shops within the premises. The prime location creates easy access to any vital areas of the city, both historical and flourishing business activities.
The project is based on a modular design, dividing the units into 2 rooms, with the ability to purchase two units to enjoy a large condo, as well as smaller spaces. The building offers both commercial properties and areas for personal matters and uses.
Photo: Nefussy Project
This building, planned by the best architects and interior designers is situated at Shamai street, by King George Street, near Mahane Yehuda Market (10 minutes on foot) and close to Damascus Gate (8 minutes on foot). The Mamilla shopping center is also nearby. The transportation solutions here are secure and accessible, having a light rail right next to the building.
Foreign Ministry QuarterThe land in Israel is highly expensive as it is and when it's in Jerusalem – the pricing is even higher! One of the last available plots is now ready for establishing a world-class level of housing experience.
Aviv Group initiates the project, and it consists of 5 11-stories buildings, and 266 apartments in total. Its location is at the entrance to the city, in the area that is considered the New City. It is close to main transportation routes – including Highway 1, Begin road and close to accessible public transportation – Train, Light rail, and buses (central station).
It offers a variety of assets – 3-5 rooms, penthouses and apartments with gardens. The compound consists of adjoined buildings connected by finely designed paths. The luxurious setting picked by Aviv Group and the proximity of various leisure attractions will add to the high quality of life in the area – it is close to all cultural, entertainment, and shopping centers: Har Hotzvim, Sacher Park, the Israel Museum, Mahane Yehuda Market, Nahlaot neighborhood, Cinema City, International Convention Center and more.
King David ResidenceThe King David Residence offers exquisitely designed apartments, located within walking distance of the Ancient City of Jerusalem. Situated in the historical King David Street, it is close to the Mamilla center and City Center. All apartments enjoy a lovely view of the Old City, concierge services, a beautiful Andalusian-styled yard, synagogue, and private country club for the residents only: gym, swimming pool, sauna, cigars room, winery room and more.
The complex offers 3-5 rooms apartments and penthouses, and it is available for immediate move-in, as well as for rent for tourists and residents alike.
Savyon ViewA housing project by the Africa-Israel conglomerate. The Savyon View project, as the name states, is unique for its breathtaking panoramic view over Jerusalem. It is also defined by its prime location in the center of Jerusalem and having numerous attractions within easy reach. The building's exact location in on an intersection of Jaffa, Wallenberg, and HaNevi'im streets.
The project offers 2-4 rooms apartments and penthouses, all of which are finely equipped with the most advanced technologies of home management, including smart toilets, mirrors, plenty of electrical outlets, and spots for electrical devices, such as dishwasher, home cinema, phones and more.
Extra attention was devoted to the kitchens. They are easy and comfortable to use.
BSR Mahane YehudaThe new project is inspired by the deep love of many Jerusalem residents to the mythic Mahane Yehuda Market. The new luxurious housing project consisted of 4 towers, 30 stories tall, composed of 2-4 rooms and penthouses. The building is equipped with a large gym, an underground parking lot, and a commercial area.
The towers will rise from the tallest spot in the city, overlooking the center of Jerusalem, Sacher Garden, the Old City, and more. In the area of the project, a unique business hotel will be established as well, contributing to the overall development of the area.
Thanks to the proximity of Mahane Yehuda market, the residents will always have access to the authentic attraction, that offers not only colorful stalls and unique products but also plenty of cultural activities, such as galleries, bars, restaurants, live shows, and many more.
If you're interested in making the right investment in luxurious conditions and prime locations, make sure to follow the advancements of these projects!