Photo Credit: David Shay/Wikimedia Commons's headquarters in the Tel Aviv Port area

Israeli web-development platform Wix has announced plans for a new headquarters and campus in Tel Aviv, the company announced this week.

The new facility is slated to measure nearly 550,000 square feet and cost about $418 million to build.


It will replace current headquarters in the Tel Aviv port area and could open by 2022, according to Wix, which will invest $80 million over a two-and-a-half-year period for completion of the new space.

The new campus is already under construction, a spokesperson told Calcalist.