An 80-story office tower, which would be the tallest building in Israel, has been approved by Tel Aviv authorities as part of a new master-planned real estate development. The proposed 2000 Complex reportedly includes 2,500 housing units and a transportation hub to be built on a 390-dunam (97-acre) land parcel.
The office building will be joined by three 45-story towers--one office tower and two residential towers.
The transportation hub planned for the site is intended to unite Israel Railways train service with two light rail lines, as well as bus and taxi service. The state has agreed to direct a portion of its take from the sale of land to build underground light rail lines and to relocate the central train station to the development, according to local media.
The development has the approval of the Tel Aviv Municipality, Finance Ministry and Israel Lands Administration. Construction of the transportation hub is scheduled to commence within five years, according to Gili Tesler, an Israel Lands Administration planner for the Tel Aviv district.