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YnetEconomy

Israel Approves Thousands of New Housing Units in Major Urban Development Plans

Translated & summarized from Ynet by baba

CenterNeutral tone

Hebrew · 1 newsroom

Israeli planning committees have approved or advanced plans for thousands of new housing units across the country. Major projects include a 3,085-unit neighborhood in Hod HaSharon, influenced by metro line planning, and a 3,575-unit development in Modi'in. Other significant approvals include plans for 1,550 units in Rishon LeZion, a mixed-use district with 620 units in Holon, 401 units in Tel Aviv-Yafo, and a new residential complex in Jerusalem. These developments aim to increase housing supply and incorporate commercial and public spaces.

The story in 6 lines · by baba

  • Thousands of new housing units approved in Hod HaSharon, Rishon LeZion, Modi'in, Holon, Tel Aviv, and Jerusalem.
  • Hod HaSharon project to include 3,085 apartments, influenced by planned M1 metro line.
  • Modi'in's "Ha'ayanot" neighborhood approved for 3,575 housing units.
  • Holon's "Ha'rokemim" industrial zone to be redeveloped into a mixed-use urban district.
  • Tel Aviv-Yafo plan adds 401 apartments and commercial space near Bloomfield Stadium.
  • Migdal HaEmek renewal project will replace 64 old apartments with 250 new ones.

Israeli planning authorities have advanced a series of significant construction projects across the country, collectively adding thousands of new housing units to urban areas. Among the most prominent is a plan for a new neighborhood in Hod HaSharon, which will feature 3,085 apartments. This project, located on a 276-dunam site between the Magdiel and Ramatayim neighborhoods, also includes commercial spaces, public institutions, and a city park. The plan was revised to increase density and adapt construction to the planned M1 metro line station, with buildings ranging up to 26 stories near the station and around 10 stories in the southern section. At least 25% of the units will be designated as inclusive housing, with 15% being very small apartments, alongside 110 units for long-term rental and 300 for sheltered living.

In Modi'in, a new neighborhood called "Ha'ayanot" has been approved, comprising 3,575 housing units on approximately 550 dunams. This development will include 300 units for special housing, with buildings generally between 5 and 9 stories, plus two 25-story towers. The neighborhood will feature residential, commercial, and employment spaces, as well as public buildings and a central park.

Further development includes a plan for a new neighborhood in Rishon LeZion, "Nachlat Tzafon," approved for deposit, which will add 1,550 apartments and half a million square meters of employment and commercial space. This project spans 486 dunams and will feature buildings up to 10 stories, with towers reaching 20 stories, and an employment zone with 12-16 story buildings, adhering to construction limitations near Ben Gurion Airport. In Holon, a plan to transform the "Ha'rokemim" industrial zone into an urban district with 620 apartments, 480 of which are designated for unified ownership rental, alongside 180,000 square meters for employment and 13,000 for commerce, has been approved for deposit. This area will see buildings up to 28 stories and is situated near a planned metro station.

Tel Aviv-Yafo has approved a plan for 401 apartments in five towers in the Jaffa area near Bloomfield Stadium, along with 30,000 square meters for employment and commerce. At least 20% of these apartments will be small (under 60 sqm), and another 20% will be between 80-100 sqm. Ramat Gan is set to deposit a plan for a 35-story employment and commerce tower in the Diamond Exchange complex, which will also preserve two historic buildings, including the former "Geh Geh" factory. In Jerusalem, a plan for a new residential complex in Givat Ram has been approved for deposit, featuring approximately 450 apartments, 400 of which are for long-term rental, with two 20-story towers and smaller buildings.

Additionally, a renewal plan in Migdal HaEmek will demolish 8 buildings with 64 apartments to construct 5 buildings with 250 apartments, ranging from 10 to 18 stories. This project is one of the first to utilize a new government model aimed at accelerating urban renewal by pre-examining transportation, public institutions, and economic feasibility.

YnetCentre · Rishon LeZion

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