Did you know one of the most remarkable office skyscrapers in Israel is rising right in the heart of Tel Aviv? No, it’s not Azrieli or Moshe Aviv this time—it’s something entirely new and exciting. Let’s take a closer look.
Introducing ToHa Towers: Tel Aviv’s Next Iconic Landmark
If you’ve recently wandered near Derech HaShalom, Yigal Alon Street, or Totzeret HaAretz Street, you’ve probably noticed two imposing towers rising fast. Known as the ToHa Towers, these skyscrapers aren’t just impressive—they’re changing Tel Aviv’s skyline forever.
What’s So Special About These Towers?
First off, there are two distinct towers:
- The first building is already bustling with activity. Standing around 28 floors high, it’s fully occupied and has quickly become a hotspot for companies seeking prime office space.
- The second tower, currently under construction, is the one everyone’s talking about. This skyscraper will dramatically redefine the cityscape, expected to reach around 78 floors and approximately 135 meters tall, making it one of the tallest structures in Tel Aviv.
Major Companies Already Onboard
Here’s where it gets interesting: the smaller of the two towers has attracted international attention. WeWork, the global leader in coworking spaces, has committed to leasing a significant chunk—almost a third—of its floors. Meanwhile, the newer, taller tower has secured another heavyweight tenant: Google, which plans to lease roughly 19 floors for around a decade.
This isn’t just good news for these companies; it’s great news for Tel Aviv’s economic landscape, boosting employment, business activity, and even property values in the surrounding neighborhoods.
Who’s Behind the Ambitious Project?
Building towers like these isn’t a small task. This major project is led by two renowned real estate developers: Gav Yam and Amot, known for their solid reputation and extensive experience across Israel.
The total investment for the larger skyscraper alone is staggering, roughly estimated at about 3.2 billion shekels. But when you consider the impressive features and sheer scale of the construction, it begins to make sense.
Parking and Transportation—The Practical Side
You might wonder about logistics, especially parking. Well, here’s something interesting: despite planning around 1,600 parking spaces, developers and city planners expect a significant number of employees and visitors to rely on the Tel Aviv train lines, aiming to ease traffic congestion and embrace greener commuting options.
How Does This Compare with Other Israeli Towers?
Israel’s skyscraper game is no joke. Today, the tallest completed building is the Azrieli Sarona Tower, stretching approximately 58 floors skyward. Moshe Aviv Tower, located near the Diamond Exchange in Ramat Gan, is similar in height. But wait—there’s even more coming.
Currently, Azrieli is also building another giant named the Azrieli Spiral Tower. Upon completion, it will soar 88 floors and stand an incredible 340 meters tall, surpassing anything currently built. And if that’s not ambitious enough, nearby in Ramat Gan’s Diamond Exchange district, two even taller buildings are proposed, each potentially rising to 100–120 floors. Tel Aviv’s metropolitan area seems determined to redefine itself vertically in spectacular fashion.
Practical Tips: Why Should You Care About New Skyscrapers?
New towers like ToHa aren’t just interesting architecture; they signal shifts in employment hubs, increased demand for nearby residential properties, and economic growth. Whether you’re an investor, homeowner, or someone planning to move closer to Tel Aviv’s vibrant core, understanding these changes is essential:
- Investors: Tall office buildings typically increase neighborhood value. Consider investing early in nearby properties to benefit from rising real estate prices.
- Homebuyers/Renters: Living near growing commercial hubs means shorter commutes and better access to amenities. Watch areas near new towers for prime housing opportunities.
- Business Owners: Being near major corporate tenants like Google boosts credibility and networking potential.
Too Long; Didn’t Read (TL;DR):
- Tel Aviv is building two prominent office towers (ToHa Towers) near Yigal Alon and Derech HaShalom streets.
- Major tenants like Google and WeWork are already onboard.
- The tallest tower will be approximately 78 floors high; costs around 3.2 billion shekels.
- Parking planned for roughly 1,600 cars, with a strong emphasis on public transportation via nearby trains.
- Competition in skyscrapers heats up: Azrieli Spiral Tower (88 floors) and Ramat Gan towers (up to 120 floors planned).
- Great investment and living opportunities around these developing areas.
Now’s the perfect time to keep an eye on Tel Aviv’s skyline—you might find the perfect opportunity waiting for you.
