Tel Aviv Cinerama to make way for office towers, homes
The Tel Aviv municipality has issued a tender for the redevelopment of the Cinerama site in east Tel Aviv, planning four buildings including three towers with 481 housing units and 110,000 square meters of office and commercial space. The minimum tender price is set at NIS 530 million, with bids closing on October 29. Of the housing units, 79 are designated as affordable housing and 48 as comprehensive urban housing, leaving 355 for the free market. The project also includes a small portion reserved for metro work.
The Tel Aviv municipality has published a tender for the redevelopment of the Cinerama site in east Tel Aviv, marking a major urban renewal project. The plan includes four buildings: a 46-floor tower, a 42-floor tower, a 37-floor tower, and a 7-floor building, totaling 481 housing units and 110,000 square meters of office, commercial, and public space. The minimum tender price is NIS 530 million, with bids closing on October 29. A small portion of the site (about a tenth) will be used as a work site for the metro, delaying permits and construction there. Of the 481 housing units, 79 are designated as affordable housing (long-term rental at discounted prices) and 48 as comprehensive urban housing (small apartments, student dormitories, assisted living), leaving only 355 units for the free market. The article frames the project as a significant addition to Tel Aviv's housing and office supply, with the municipality balancing market-rate development with social housing requirements.