The establishment of a new urban district in North Tel Aviv which will be built along three boulevards that combine residences, offices, commerce and hotels as well as green parks that were carefully planned as part of a green planning that allows a natural flow of the sea breeze between the buildings of the neighborhood and an open view of the sea between the residential buildings.
The district will be built next to the beach and from any building it will be possible to reach the beach in a short walk. These days, the continuation of Ibn Gvirol Street will be paved and several light rail stations (the green line) connecting the cities of Gush Dan will be built along it.
The new neighborhood planned in accordance with the Ta/3700 plan will be built between the new Ibn Gvirol Street and “Derech Hayam” Street (the continuation of Hayarkon Street), along the entire northwest and pristine coastal strip of the city of Tel Aviv and near the prestigious projects Sea & Sun, Blue, Ne’eman Towers and the new Ramat Aviv G neighborhood.
The location of the plan is extremely attractive! The plan is located between prestigious neighborhoods and close to the beach and main transportation arteries. There is no doubt that in a city like Tel Aviv, proximity to the sea plays a significant role, increases the value of the property, significantly improves the quality of life and leisure culture.
The 3700 plan is at a very advanced stage towards its approval and this is a golden opportunity for investors interested in investing in one of the most sought-after complexes in Tel Aviv.
The T/3700 plan discusses the establishment of a new urban district on the coastal strip of northern Tel Aviv, between Propes Street south of the northern cliff, on its northern border. A detailed outline plan for multi-use construction was approved on the land, including residential buildings, commercial and industrial areas, and hotels. The Trigo Group has been operating in the complex for many years and is one of the leading companies that consolidate and manage the complex. The Trigo Group consolidates and manages over 300 units in the complex and approximately 15,000 square meters designated for commerce and employment.
Plans submitted as part of the statutory phase, land not available for construction
Average apartment price
in 2016
sale price
Average today
Estimated value of
land available for construction*
Selling price for a 4-room apartment
in nearby neighborhoods**
* As detailed in Standard 22, there are additional expenses that will apply in the future, prior to issuing a permit ** From the Madelan website