Sursock family
The area was acquired by the Jewish community as part of the Sursock Purchase, in which a large tract of land on the Haifa Bay was purchased from the Sursock family of Beirut by the American Zion Commonwealth in 1925. In 1928, the Bayside Land Corporation, a joint venture of the Palestine Economic Corporation and the Jewish National Fund, acquired 2,400 dunams of residential land in a deal related to the building of the IPC oil pipeline. Development of a residential area began in 1939, and the first houses were completed in 1940.