Businessman Nochi Dankner and Baron Edmond de Rothschild, the famous benefactor's great grandson, are building a new mall in Caesarea which will be the port city's first, Yedioth Ahronoth has learned.
The shopping center will serve the area's business owners and residents, who up to now have been forced to travel to the closest mall in the nearby city of Or Akiva.
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The new project is a large commercial center which will be built by the Caesarea Development Corporation owned by Rothschild and the Gav-Yam company, which belongs to IDB Holding Corp's subsidiary Property and Building Ltd.
The commercial center, spreading over some 13,000 square meters (139,930 square feet) – compared to an average size of 20,000 square meters (215,277 square feet) in central Israel's big malls – will be built on a compound measuring about 7.5 acres in total.
The Shufersal chain, which is owned by the IDB Group, has already rented an area of about 3,600 square meters (38,750 square feet) in the new mall for eight years, with the option of an eight-year extension.
Apart from Caesarea's residents, the center will also target the workers of the Caesarea Business Park, where some 180 companies employing about 7,400 workers are based.
The new center will be built at the northern entrance to the Caesarea Park from Road 651, on a compound which is jointly owned by the Caesarea Development Corporation and Gav-Yam.
The planned center will include a ground floor on an area of about 8,000 square meters (86,111 square feet) and another floor on an area of about 3,000 square meters (32,291 square feet). The rest of the area will include public buildings and a parking lot for about 600 vehicles.
Rental prices at the compound will range between NIS 60-120 (about $15-30) per square meter a month. The commercial center was planned by the Mann-Shinar architects' firm.
The new center's construction will take about two years and it is not expected to face any objections.
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