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Azrieli Group signs with British fashion retailer AllSaints
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Hassan Arafa: Tel Aviv s new city within a city
13 high-rise buildings are planned for the district and the number is likely to grow.
In recent weeks, two big real estate deals worth hundreds of millions of shekels in the Hassan Arafa neighborhood in Tel Aviv have refocused attention on this developing area between Hamasger Street and Menachem Begin Road.
Ziv Yakobi, one of the three owners of Acro Real Estate, which was involved in the two latest deals, and many of the other deals in the district in recent years, said, If you look at Tel Aviv today you will see that there are new neighborhoods but there are no new districts of this size. In my eyes it’s a type of new city, both a business center and residential neighborhood, because of its scale and because of its location.