The Jewish Valero Family Owned the Land outside of Damascus Gate. Antique Photos Show What Happened to It

 http://www.israeldailypicture.com/2012/07/jewish-valero-family-owned-land-outside.html

 By some accounts, the Valero family arrived in Jerusalem in the 18th or 19th centuries from Turkey.  Researchers have even suggested that the family were once conversos -- secret Jews who were forced to convert to Christianity in Spain. They later traveled to Turkey and returned to their Jewish faith.

Damascus Gate and Valero property
to the right of the gate (circa 1898)

In Jerusalem, the family took up residence in the Old City of Jerusalem .  According to a monograph by Hebrew University's Prof. Ruth Kark and Joseph Glass, Ya'akov Valero arrived in Jerusalem in 1835 from Istanbul.  Originally a ritual slaughterer, Valero opened a private bank -- the first in Palestine -- in 1848, located inside the Jaffa Gate in the Old City.  When Ya'akov died in 1874, the banking and real estate enterprise was eventually taken over by his son Chaim Aharon. 

Construction of the row of Valeros' shops outside Damascus Gate
(circa 1900). The domes of the Hurva and Tifferet Yisrael
synagogues are on the horizon on the left of the picture

Among the Valeros' land holdings were tracts outside of the Old City on Jaffa Road, the area that eventually became the Mahane Yehuda market, the grounds of the Bikur Holim hospital, and several acres around Damascus Gate, a hub of commerce in the 18th and early 19th centuries. 

Prior to World War I Chaim Aharon built and leased stores at the entrance of Damascus Gate, seen in the pictures below. 

Another view of the shops. See also here

In the 1930s, the British authorities ruled that the area should be zoned for use as "open spaces" and they demolished the shops in 1937.  The Valeros were not compensated.

Demolition of the Valero shops (1937), and here

Another view of the demolition

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