Tel Aviv municipality compelling co-living projects in packed city

Due to a ongoing housing necessity and restricted rents, Tel Aviv’s City Hall is operative with a New York-based genuine estate association WeWork to open co-living spaces in a city’s downtown area, Calcalist reported Wednesday.

WeWork, and a auxiliary WeLive, offers civic residents small, reduction costly units that are trustworthy to common areas, featuring common kitchens, washing bedrooms and recreational areas.

Noting WeWork’s successful models in New York City and Washington, DC, Tel Aviv’s arch planner Orly Erel pronounced a plan would engage a construction of a 17-story building during a site being grown by a Israeli-based Azrieli Group.

WeWork skeleton to dedicate some of a floors in a new building to a WeLive brand, formulating units for co-living, while regulating other floors for a company’s common bureau spaces, Erel told Calcalist. WeWork and a Azrieli Group declined to comment.

“We wish this plan to pierce forward,” Erel said, adding that it might take dual to 3 years to finish since a forms of vital buliding designed by WeWork now do not accommodate a authorised specifications of what constitutes an unit in Israel.

“There’s an emanate with a distance of these apartments,” she added. “Israeli law does not know how to understanding with [co-living units].”

In a meantime, Erel pronounced her staff is actively operative with WeWork to deliver new legislation that would approve co-living units.
WeWork, founded in 2010 by Israeli-born Adam Neumann and Miguel McKelvey, has 207 locations opposite 65 cities around a world, including several common bureau spaces in Tel Aviv and other Israeli cities.