Pinui Binui Carasso Nia: Premier Urban Renewal in Jerusalem

Overview

Project Name & Developer: Carasso Nia is the flagship urban renewal initiative by Carasso Real Estate, a company with a storied history dating back to 1933. Known for its stability, integrity, and excellence, the developer is a leader in Israel’s property market.

Concept & Scale:

• Urban Renewal: The project involves demolishing 128 existing apartments to create a modern development with 437 new residential units.
• Mixed-Use Development: It features approximately 2,000 square meters of commercial space and a private rooftop area of around 400 square meters exclusively for residents.

Location & Accessibility

Address & Neighborhood:

• Location: Situated at 128-130 Bethlehem Road (דרך בית לחם) in the Talpiot neighborhood of Jerusalem.
• Neighborhood Transformation: The area is evolving into a vibrant, mixed-use district with residential, commercial, and green public spaces.

Connectivity:

• Public Transportation: Proximity to the new light rail system ensures efficient access throughout Jerusalem.
• Major Roads: Located near key routes such as Hebron Road, David King Street, Begin Road, and Highway 16 for excellent connectivity.
• Active Living: Additional pedestrian and bicycle paths support a dynamic, on-the-go lifestyle.

Architectural & Design Features

Building Composition:

• Four Structures: The project includes one 33-story tower offering panoramic city views and three boutique buildings ranging between 14 and 15 stories.
• Thoughtful Layouts: Each structure is designed to maximize space and natural light with smart, modern layouts catering to urban living.

Design Highlights:

• Quality Finishes: Upscale finishes throughout, from sophisticated lobby designs to meticulously planned apartment interiors.
• Balconies & Views: Many units feature spacious balconies that provide stunning views of Jerusalem and its surroundings.

Residential Options & Pricing

Carasso Nia offers a range of apartment configurations:

• Three-Room Units:
  • Size: Approximately 88 square meters with a 12-square-meter balcony.
  • Price: Starting at around 2.98 million shekels.
• Four-Room Units:
  • Size: Approximately 100 square meters with a 17-square-meter balcony.
  • Price: Starting at approximately 3.39 million shekels.
• Five-Room Units:
  • Size: Approximately 123 square meters with a 17-square-meter balcony.
  • Price: Starting at about 3.97 million shekels.

Community Amenities & Lifestyle

On-Site Amenities:

• Commercial Center: Approximately 2,000 square meters of commercial space serving residents and visitors.
• Green Spaces: A beautifully landscaped garden offers a peaceful retreat and space for community gatherings.
• Fitness & Recreation: A fully equipped fitness center is available for residents’ health and wellness.
• Rooftop Terrace: An expansive terrace serves as a venue for social events and gatherings with panoramic views.
• Community Lounge: Dedicated spaces encourage social interactions and foster a strong neighborhood spirit.

Designed for those who thrive in a dynamic urban environment, Carasso Nia combines modern convenience, excellent connectivity, and community living.

Developer Background

Carasso Real Estate, established in 1933, is renowned for its long-standing commitment to quality, transparency, and innovative urban renewal. Their experience and reputation underpin the success of the Carasso Nia project.

Project Status & Timeline

Current Phase:

• Pre-Sale Stage: As of December 2024, the project has received its building permit and is in the pre-sale phase.
• Construction: Construction is expected to begin in the coming months, offering a prime opportunity for early investors and future residents.

Investment & Lifestyle Considerations

Why Invest in Carasso Nia?

• Strategic Location: Positioned in a rapidly evolving neighborhood with significant future value appreciation potential.
• Comprehensive Urban Living: The blend of residential, commercial, and recreational spaces creates a vibrant, convenient lifestyle.
• Trusted Developer: Backed by the reputable Carasso Real Estate, ensuring high-quality construction and innovative design.
• Exceptional Connectivity: Excellent access to major transit routes and public transportation enhances everyday convenience and long-term investment value.