Page 13 - HaMizrachi Sukkot 5784 North America

Renewed cities
A third type of development that is becoming increasingly popular is
urban renewal, which means reimagining and redesigning existing
cities. This usually involves knocking down old buildings to build
newer ones. This type of development is particularly popular in Isra-
el’s two largest cities, Yerushalayim and Tel Aviv. These two bustling,
cultural hearts of Israel have very little empty land to develop and so
the only way to develop them is to rebuild. Urban redevelopers are
replacing older run down buildings with new, structurally sounder,
larger buildings, with amenities such as elevators, underground
parking and central air conditioning as well as more modern apart-
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ments. As Israel matures, these types of projects have become more II S R A E L ' S R E A L E S T A T E
common. 31% of all apartments approved last year were in urban
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renewal projects, and this number is likely to rise. MM A T C H M A K E R
These projects are changing the skylines of Yerushalayim and Tel
Aviv. For the first time, Yerushalayim is building office and residen- THERE IS A PLACE FOR EVERYONE IN
tial buildings that will be 30 or 40 stories high, and there are now
parts of Tel Aviv and Ramat Gan that resemble Manhattan, with ISRAEL AND KIM BASH REAL ESTATE IS
many 70 and 80 story buildings already built. The urban glue that HERE TO HELP YOU FIND THE RIGHT
binds the cities together is also being remade as they shift from COMMUNITY TO CALL YOUR HOME
public transport to mass transit systems. Both Yerushalayim and
Tel Aviv now have their first light-rail lines; Yerushalayim plans
to build seven more light-rail lines, and the Tel Aviv metropolitan JERUSALEM
area is planning two more light-rail lines and three metro lines.
Thus there will continue to be many opportunities for Anglos in
Yerushalayim, but the available housing will likely be different. OLD CITY, JERUSALEM
Rather than small apartment buildings, there will be more tower 2 Mins from Kotel, Spacious Living & Dining
buildings connected by the light-rail network. Neighborhoods like Room, High Ceilings, 4 Bedrooms, 3.5
Arnona and Kiryat HaYovel in Yerushalayim both have developing Bathrooms. $5 mIllion
Anglo communities in some of these renewed developments.
CITY CENTER
Continuous opportunities NEW Build, 3 Bedrooms, 2 Bathrooms,
Shabbat Elevator. 4.9 million nis
We are living in times of unprecedented binyan ha’aretz, creating
many new housing options for Anglo Jews. Wherever in the world GERMAN COLONY
we live, there is an exciting opportunity to participate and take an NEW Build, 3 Bedrooms, 2 Bathrooms,
active role in this remarkable moment. Might there be an apartment Balcony with Sukkah, Shabbat Elevator,
that fits your financial needs, a community that is right for your
family’s future Aliyah, or the perfect plot of land waiting to be devel- Parking. 4.6 million nis
oped for your dream community? With so many investment options,
this could be the perfect time to make a long-term investment in RAMAT BET SHEMESH ALEPH
Israel. In the unfolding tapestry of the development of Israel, is
there the opportunity for you to take part? GARDEN APARTMENT WITH RENTAL UNIT
5 Bedrooms, 270sqm Garden, Bargain Price.
1. Technically, a kibbutz had existed in Harish, but it had basically been abandoned Only 4.9 million nis
and had only a few residents before the more recent plan to turn it into a full city.
2. Full disclosure – the author is involved in the Carmay HaNadiv project, and PENTHOUSE APARTMENT
serves as an agent for it.
5.5 Bedrooms, Newly Renovated, 140sqm.
3.85 million nis.
3 BEDROOM INVESTMENT
OPPORTUNITIES
Nahariyah - 1.3 million nis
Carmei Gat - 1.9 million nis
Harish - 1.6 million nis
Rabbi Aron White
is the Managing Editor of HaMizrachi magazine.
+972 54 441 5704
KimBashRealEstate.com