The American Colony in Tel Aviv, established in 1866 by American settlers, has become a lucrative real-estate spot. As new projects are being built and older ones preserved, the American Colony is set to become a magnet for those who seek luxurious living and for investors interested in property that has a unique historical touch. The project leading the renewal of the American Colony is The Village.
The colony is being transformed into a unique historical environment thanks to the preservation of about 70% of the buildings on site (including the Park Hotel and the Jerusalem Hotel), which were built in the American and Templer eras. It is the highest concentrated area in Israel slated for preservation on a limited 30 dunam piece of land.
