web analytics
April 21, 2014 / 21 Nisan, 5774
At a Glance
News & Views
Sponsored Post
Spa 1.2 Combining Modern Living in Traditional Jerusalem

A unique and prestigious residential project in now being built in Mekor Haim Street in Jerusalem.



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

Share Button

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.

Share Button

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.

Leave a comment (Select your commenting platform)

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

Loading Facebook Comments ...
Loading Disqus Comments ...
Current Top Story
BDS targets Zabar's; Carole Zabar promotes BDS proponents.
All in the Family: BDS Protests Zabars; Carole Zabar Promotes BDS
Latest News Stories
BDS targets Zabar's; Carole Zabar promotes BDS proponents.

Carole Zabar, longtime supporter of BDS promoters, is now in a pickle – Zabar’s is a BDS target.

Rav Bina, the Rosh Yeshiva of Yeshivat Netiv Aryeh has sent the following letter out to alumni of the Yeshiva: Dear Alumni, This Wednesday one of my grandchildren will be undergoing crucial surgery to remove a cancerous tumor from his leg. I ask all of you to please recite tehillim for him during the surgery, […]

Naftali Bennett speaking in the Knesset

PA president Abbas, who is about 9 years late for democratic elections, has threatened to dismantle the PA and annul the Oslo Accords. Sounds good to us…

Hamas supporters marching on the Temple Mount, waving Hamas flags.

Rabbi Meir Soloveichik and his family’s visit to the Temple Mount was cut short when violent rioting once again broke out on the holy site.

Anti-semitic attacks have escalated with the firebombing of a synagogue in the Ukraine. Watch the video of the attack…

A surprised group of hikers stumbled across human bones in a Gush Etzion cave. But what they actually found was even more astounding.

Many Pakistanis consider bin Laden a “hero of Islam.”

Two major obstacles have kept Israel from joining the program: Allegations by U.S. officials that Israel has discriminated against Arab- and Muslim-Americans seeking entry, and a proliferation of young Israelis traveling to the United States as tourists and then working illegally.

A Lebanese man who was arrested in Thailand on suspicion of belonging to Hezbollah admitted to targeting Israelis, Thai media reported.

On Friday afternoon, Syrian fighter jets hit opposition/rebel targets and villages on the Syrian side of the Ramat HaGolan (Golan Heights), in the Quneitra region. Large pillars of smoke are seen rising from struck areas. Quneitra is the site of an official crossing between Syria and Israel on the Golan. IAF jets were sent out […]

As Rabbi Stav said, “You’re free to think what you want. But do you want me to recognize Chelsea Clinton’s child as a Jew?”

Chimpanzees and Orangutans eat Matza, unleavened bread traditionally eaten during the Passover holiday, at the Ramat Gan Safari on Thursday, April 17, 2014. I hope they can digest it. On Passover no leavened bread (Chametz) is allowed in Jewish possession, and that includes food we feed our animals.

Following intelligence reports of further expected Arab rioting and violence on the Temple Mount today, the police have placed restrictions on Muslim entry to the Jewish holy site, according to a report on Arutz-7. Entry will be limited to Muslims over the age of 50, and women, also they must be Israeli citizens or residency […]

PA President Abbas’s refusal to publicly condemn the terror attack that killed Baruch Mizrachi is putting a damper on the parade.

The Shas political party, founded and run by the late Rav Ovadia Yosef, has a appointed a new spiritual leader, according to a Galei Tzahal report. The rabbi chosen to replace Harav Ovadia and be the new president of the party’s Council of Torah Sages is Rabbi Shalom Cohen. Aryeh Deri is the political leader […]

In 1941, the Jews of Kiev received a similar leaflet. When they showed up the next day, more than 34,000 were murdered.

More Articles from Ranit Nachum-Halevi
A reflected Jerusalem skyline in the city's center.

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

Anava Park in Modi'in.

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.

    Latest Poll

    Now that Kerry's "Peace Talks" are apparently over, are you...?







    View Results

    Loading ... Loading ...

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: