web analytics
December 20, 2014 / 28 Kislev, 5775
 
At a Glance
News & Views
Sponsored Post
8000 meals Celebrate Eight Days of Chanukah – With 8,000 Free Meals Daily to Israel’s Poor

Join Meir Panim’s campaign to “light up” Chanukah for families in need.



Prime Real Estate Opening for Housing on Dismantled IDF Camps

The Kirya military base and its signature intelligence tower in the center of Tel Aviv are slated for dismantling over the next two years, leaving behind prime real estate for development. Altogether the IDF move is expected to generate 100,000 new housing units.

The Kirya military base and its signature intelligence tower in the center of Tel Aviv are slated for dismantling over the next two years, leaving behind prime real estate for development. Altogether the IDF move is expected to generate 100,000 new housing units.
Photo Credit: Yasmine Soiffer/Flash 90

One of the proposed solutions for Israel’s housing shortage is the relocation of IDF bases from areas that are in high demand. These bases would make way for thousands of housing units. In recent years, public opinion has moved overwhelmingly in favor of relocating army bases. The Israeli government, the Israel Land Administration, and the local authorities are all in agreement that there is a tremendous shortage of land available for construction of apartments, particularly in central Israel.

The properties used up by IDF bases are part of the ongoing battle for the “hidden gold.” The huge economic potential of the available real estate has been estimated at over NIS 90 billion (roughly $26 billion), and this has caused the huge spur in land sales. The ILA, which has promised the Defense Ministry an advance sum of NIS 3 billion, announced recently that as long as IDF camps are not marketed, it will not pay the advance. This was confirmed by the ILA chairman, Bentzi Lieberman, after his agency signed a memorandum of understanding with the Defense Ministry and the budget chiefs in the Finance Ministry.

 

Number of housing units

Name of Camp

710

Camp Horodezky, Ramat Gan

1200

Ganim Complex

8,000

Camp Tel Hashomer

12,000

Sirkin Base, Petah Tikva

17,000

Tzrifin Base

11,000

Camp Glilot

540

Keren Hakirya Compound

16,000

Sde Dov Airport

23,000

Sharon Military Industries

1,030

Camp 80, Pardes Hana-Karkur

9,000

Camp Kurdani, Kiryat Motzkin

 

The agreement signed between the two sides deals specifically with the relocation and marketing of two especially “hot” properties. The first is the Keren Hakirya compound, or what is also commonly referred to as “the real estate holy trinity” that lies on the corner of Menachem Begin Road and Shaul Hamelech Boulevard in Tel Aviv.

This property stretches across 9 acres that are slated for gradual evacuation. The armty will be the clearing out of 3 acres beginning in early 2014, which will be used to house a new light rail station. Another half acre will be cleared out during the course of 2015, and the rest of the area – roughly 8 acres – will be cleared out by the end of 2016. The plan is being advanced and jointly overseen by the Tel Aviv Municipality. It also includes the construction of a commercial highriser with 540 housing units.

The Kanarit Compound on the corner of Kaplan and Leonardo da Vinci Streets on the western side of the Kirya is also likely to be marketed. This property, which currently houses part of the Defense Ministry headquarters, will soon include 300 new apartments in two 44-story buildings.

Another “hot” property that is about to go on the market and is quite controversial is the Tzrifin base. Authorities are prepared to evacuate 275 acres of land for the construction of 17,000 apartments as well as 1.3 million square meters of commercial space. According to plans, 105 acres will be cleared out by the end of 2015 in the first stage of the plan, with 7,000 new apartments slated to be built in Rishon Letzion. As part of the land clearance, planners are going to build an initial 3,500 apartments that are expected to win approval in the Planning and Building Committee toward the end of 2014.

About the Author: Ranit Nachum-Halevi is a consultant to real estate companies, and former senior real estate correspondent for The Marker, Haaretz's daily financial supplement. She has been working in Israel's media for more than 15 years. You can reach her at ranit.nh@gmail.com.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

One Response to “Prime Real Estate Opening for Housing on Dismantled IDF Camps”

  1. I wonder which "inside" developer will get the no bid contract to sell overpriced, luxury apartments to rich Israelis and foreigners. You can bet most Israeli will not be able to purchase any of these very desired apartments. If the government is involved it will be corrupt!

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
Posted to Twitter in Ferguson, MO by St. Louis County Police: "Bricks thrown at police, 2 police cars burned, gun seized by police. Tonight was disappointing."  Their motto is, "To protect and serve."
Prosecutor in Ferguson Case: ‘Witnesses Lied Under Oath’
Latest News Stories
Posted to Twitter in Ferguson, MO by St. Louis County Police: "Bricks thrown at police, 2 police cars burned, gun seized by police. Tonight was disappointing."  Their motto is, "To protect and serve."

Prosecutor in Ferguson case said ‘some witnesses lied under oath’ to support officer’s version of events.

Arab youth shoot fireworks during clashes with Border Police in Shuafat in Jerusalem.

PA Arabs are continuing near-daily clashes with IDF soldiers; on Friday, fierce fighting broke out after sermons at mosques.

False Alarm 2

Rocket fire was directed by Gaza terrorists at southern Israel’s Eshkol district on Friday for the third time since the summer.

Hamas on Temple Mount

Police must have been too busy arresting Jewish children to notice the Hamas rally on the Temple Mount today.

Was top Hezbollah terrorist a spy for Israel?

Reshet Bet has released their latest election poll…

Radical US Jewish lawyer involved in attempt to unite terrorists.

Israelis will Celiac disease will now be allowed to join combat units.

Teenager attacked Jews on their way to holy site.

Four in serious condition; doctors not sure why.

Liberman and Kachlon may merge right after elections – and the larger party will recommend Liberman for Prime Minister to the President.

A Chabad rabbinic student stabbed in “770″ has returned home from the hospital.

Arabs attacked an Israeli bus traveling between Arad and Be’er Sheva along Highway 31 Thursday evening.

The UN General Assembly approves resolution to refer N. Korea to the Intl Criminal Court at The Hague.

Israeli soldiers stand guard near large public menorah near the site where Dalia Lemkus, 26, was stabbed to death at a bus stop near the entrance to Alon Shvut last month.

US teachers are learning “3-D printing” from the Dept. of Defense.

More Articles from Ranit Nachum-Halevi
On the beach

Israel’s coastline may be short, but there are still some real estate pearls waiting to be realized, offering cheap alternatives for sea front living. All you have to do is go further from the boundaries of Tel-Aviv and the Dan Block.

Meir Shitrit speaks with the press.

Nave and Golan are advisors helping Meir Sheetrit run for president. As professionals who lead campaigns and shape public opinion, they cite the press as a major factor in this campaign.

Israeli biomedical firms look back on a successful year on Wall Street. Are we bearing witness to “the new tech”?

The romantic skyline of Jerusalem is disappearing. Is Jerusalem on its way to becoming a modern city? Or is it losing its special character?

Government plans to market 12,000 new apartments in Modi’in, where prices haven’t stopped rising in recent years.

It’s a boom: some 100,000 housing units will replace military camps in the high-value center of Israel.

Printed from: http://www.jewishpress.com/news/breaking-news/prime-real-estate-opening-for-housing-on-dismantled-idf-camps/2014/01/28/

Scan this QR code to visit this page online: