web analytics
November 21, 2014 / 28 Heshvan, 5775
At a Glance
News & Views
Sponsored Post
IDC Herzliya Campus A Day on Campus

To mark IDC Herzliya’s 20th anniversary, we spent a day following Prof. Uriel Reichman, IDC’s founder and president, and Jonathan Davis, VP for External Relations, around its delightful campus.



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
Masked Arabs clash with Israeli security forces  in anti-Israel riot outside the Ofer prison between Jerusalem and  Ramallah.
Israel Law Center Wins Landmark Decision Against PA in NY Court
Latest News Stories
Masked Arabs clash with Israeli security forces  in anti-Israel riot outside the Ofer prison between Jerusalem and  Ramallah.

The Israel Law Center wins a landmark decision against the Palestinian Authority (PA) on behalf of 11 families of victims of terror.

Prime Minister Benjamin Netanyahu surveying the Israeli Golan Heights, January 13, 2013.

Young Jewish women and a family come under attack from Arab elementary students hurling rocks in the Golan Heights.

Terror rockets fired at Israeli civilians from a United Nations (UNRWA) girls school in Beit Lahiya, Gaza, on August 23, 2014.

Israel has agreed to cooperate with a UN board of inquiry appointed by Ban Ki-moon, probing UNRWA events in Gaza this summer.

Esther Pollard met with President Peres on the eve of his meeting with President Obama.

A U.S. parole board has turned down a request for release by former Israeli agent Jonathan Pollard, now in his 30th year in prison.

Dmitri Diliani, a spokesperson for Fatah in Jerusalem and a member of the Fatah Revolutionary Council, had taken issue with Klein’s characterization of recent violence in Jerusalem as being instigated by the Palestinians.

Hundreds of Ethiopian Jews take part in a prayer of the Sigd holiday on the Armon Hanatziv Promenade overlooking Jerusalem on November 20, 2014. The prayer is performed by Ethiopian Jews every year to celebrate their community’s connection and commitment to Israel. About 80,000 Ethiopian Jews live in Israel, many of them came in massive […]

Cleared for publication: Security forces have determined that the hit and run near El Aroub in Gush Etzion was a terror attack and not a traffic accident.

Why not? Obama already lives like he is on his own island.

There were disguised as Christmas gifts, which were to be used to kill Jews.

The alert guard at the entrance decided to check the car when the man drove up and discovered the knife.

But perhaps the thought of racism will make Arabs speak out against murderers.

To clear up a misunderstanding, you cannot apply for your gun license on the plane and receive it with your Teudat Zehut when you land.

Wholesale discrimination against Arabs is blatantly illegal and racist but sends a strong message to the police.

The army believes that the Gazans are testing their rockets in order to increase their rocket launching capabilities.

Mayor Shimoni was looking to provide security, albeit in an unpopular way, because his prime minister has not been able to. Calling him names does not change the fact that Israeli civilians are not safe from being murdered in the street by blood-crazy Arab individuals.

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: