Jerusalem, 15 November, 2026 (TPS-IL) — The Jerusalem Municipality has granted occupancy permits for 308 new apartments across the twin 30-story Etz Chaim Towers, a major residential development situated in downtown Jerusalem.
Located immediately adjacent to the city’s bustling Mahane Yehuda open-air market—known locally as “the Shuk”—and along the Jaffa Road light rail corridor, the high-rise project was constructed by Ashtrom for the B.S.R. Group. To preserve local heritage during construction, engineers elevated a historic 3,000-ton kindergarten building on-site using hydraulic jacks.
The project’s completion comes alongside a new economic study indicating that the introduction of large-scale residential complexes triggers a 6% drop in surrounding rental prices, offering relief to housing costs in Israel’s densely populated capital.