Mekor Baruch

Mekor Baruch (, lit., "blessed source" or "fountain of blessing") also spelled Makor Baruch, is a neighborhood in Jerusalem. The neighborhood is bordered by Malkhei Yisrael Street to the north, Sarei Yisrael Street to the west, Jaffa Road to the south, and the Zikhron Moshe neighborhood to the east.
History.
Mekor Baruch was founded in 1924 on land purchased from the Schneller Orphanage by the Jerusalem-American Land Company, a consortium of Jerusalem and American investors. The name of the neighborhood was based on the words "Yehi mekorkha baruch" ("Let your fountain be blessed") in Proverbs 5:18. Differing sources place the beneficiary of the name as Boris (Baruch) Hershenov, one of the investors, or Baruch Aharanoff, an American philanthropist. The consortium mapped out 207 lots, but due to the economic downturn of 1927–1930, construction did not get underway until the 1930s, by which time the consortium had been liquidated.
To the southeast lay an adjacent neighborhood called Ruchama, founded in 1921. This neighborhood was absorbed into Mekor Baruch after 1948.
Geography.
Mekor Baruch is located above sea level. The area lies at the head of the Ben-Hinnom Valley, a -long valley that winds down Jaffa Road to Independence Park and Mamilla Pool until it intersects with the Kidron Valley.
The main street of the neighborhood is Rashi Street. In the northwest quadrant, a group of streets are named after heroes of the Hanukkah story, Yehuda Hamaccabee, Shimon Hamaccabee, and Elazar Hamaccabee; these streets intersect HaHashmonaim (The Hasmoneans) Street.
Demographics.
Before 1948, Mekor Baruch was considered upscale and was home to Eastern European Labor Party members and Holocaust survivors. In a 1938 census, the population was recorded at 2,500. After the 1948 Arab-Israeli War, large numbers of Jewish refugees from Eastern lands moved into the area and the buildings became rundown. In the 1960s, Haredi Jews began to move into the neighborhood. Today the neighborhood is Haredi, with a mix of Ashkenazi and Sephardi residents.
In a 2010 real estate report, Mekor Baruch logged a 26 percent increase in home prices, the largest increase in the city, with sales of three-room apartments averaging US $384,000 (NIS 1.5 million). The increase was said to be influenced by the influx of "social centers" to the neighborhood.
Health care.
The neighborhood houses clinics for three out of the four Israeli health maintenance organizations: Clalit, Meuhedet, and Leumit. The Clalit clinic is part of the Mekor Baruch Health Clinic, a three-story medical center that includes an emergency room and operating theaters. The Meuhedet clinic on Haturim Street occupies one of Meuhedet's main offices in Jerusalem.
Industrial zone.
Mekor Baruch is the site of an aging yet active industrial zone bordered by Yehuda Hamaccabee Street, Rashi Street, and Gesher Hachaim Street. Built in the 1950s by the Jerusalem Economic Corporation, the multi-story complex is home to about 40 companies engaged in light industry, including manufacturers of diamonds, pencils, and Judaica, the MA’AS Rehabilitation Center and Sheltered Workshop, and printing establishments, including the Hebrew language "Hamodia" daily newspaper.
Cultural references.
Much of the action in Amos Oz's novel "My Michael" takes place in Mekor Baruch.