(photo credit: REUTERS)
FOR MONTHS the commercial complex on the corner of Jaffa Road and Sarei Yisrael Street was little more than scaffolding. The property, now called City Court, which originally belonged to the Balilius family, was sold to an Australian investment group headed by Moshe Katz.
Unlike most malls whose emphasis is on clothing and accessory stores, the general idea is to have fewer of these and more restaurants, fast-food outlets and pharmaceuticals. City Court is just a few meters away from light rail and bus stops. If its restaurants are good, its convenient location can more or less guarantee a steady stream of traffic.