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"News for young people": an affordable housing complex will be built in Kiryat Ono Israel today

2022-08-09T09:15:18.724Z


The "Altneuland" company is expected to build about 220 housing units in the "My Ono" district near the Savion junction • These are small housing units measuring 65 square meters, which will be under the definition of affordable housing


Affordable housing in Kiryat Ono: The "Altneuland" company is expected to build about 220 housing units in the "My Ono" neighborhood near the Savion junction, which will include "inclusive housing".

These are small housing units with a size of 65 square meters, which will be under the definition of affordable housing, which includes sheltered housing or student dormitories for rent.

The project will also include 40,000 square meters of office and commercial space and 30,000 square meters of underground parking.

The cost of building the project is estimated at about NIS 600 million.

The "Inclusive Housing" units will be built as part of the "Altneuland at Savion Junction" project, a multi-use project in the new "City" of Kiryat Ono, which will spread over approximately 100,000 square meters and include office, commercial and residential areas. The company is expected to build two buildings with Commercial areas on the ground floors and an office floor above them, and another separate residential building.

In the commercial areas there will be cafes, restaurants and other leisure and recreation centers.

Spaces for the well-being of the tenants and their employees will be built on the office floors, including a gym, showers, a health center, yoga or pilates, co-working spaces, a conference hall, a rooftop bar, and more.

Last year Altneuland purchased half of the land and construction rights from private owners for NIS 65 million.

According to Eran Levy, CEO of Altneuland and co-founder: "Against the background of the housing crisis and the spike in apartment prices, we are happy about the possibility to advance the construction of approximately 220 housing units that will be earmarked for long-term rental.

The more and more apartments are built, the more we will be able to provide the young couples with security and certainty."

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Source: israelhayom

All news articles on 2022-08-09

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