17 new evacuation-construction complexes announced, mostly in Gush Dan

• Published date: 21 March 2024
• Author: OFER PETERSBURG
• Publication title: Jerusalem Post, The: Web Edition Articles (Israel)

Designating a complex as an eviction-construction complex gives the developer crucial tax benefits mandated by law, which are indispensable for project actualization. Additionally, the developer becomes subject to provisions outlined in the law concerning "reluctant tenants."

The announcement comes at an advanced project stage, post objections submitted to the approving planning institution, and upon the developer's completion of eviction-construction agreements with at least 67% of apartment owners in the project, signifying high project maturity levels for execution.

Per a legislative amendment passed in 2021, the CEO of the Governmental Authority for Urban Renewal is now the authorized entity for declaring construction evacuation complexes, a responsibility formerly held by the Minister of Construction and Housing, thus streamlining the process.

Details of the Announced Complexes:

- Ashkenazi Ha-Aztmaut Complex - Yehud Monson: Situated in the Neve Oved neighborhood, amidst Ashkenazi, Weizman, and Derech Ha-Aztmaut streets, this complex comprises 114 housing units slated for demolition, to be replaced by 444 new units. Aura Ltd. serves as the developer.

- King Shlomo Complex - Haifa: Nestled in the Neve David neighborhood, between Esther HaMalka and Shlomo HaMelech streets, this complex entails 38 housing units marked for demolition, to be supplanted by 236 new units. This announcement supplements the previously announced 111 housing units in the complex. Azorim Benim (1965) Ltd. spearheads the development.

- Sheshat Hayim Complex - Kfar Saba: Located in the Oved Ben Zion neighborhood, bounded by Pardes, Sheshat Hayim, and Geulah streets, this complex involves housing units, 48 of which are to be razed to make way for 157 new units. Y.N.V.B. Construction and Development Ltd. is the developer.

- Independence Complex - Or Yehuda: Positioned in the Kiryat Giora neighborhood, amid Semat BeMaale and Ha-Aztmaut streets, this complex encompasses 32 housing units slated for demolition, to be replaced by 186 new units. A. Dori Ltd. leads the project.

- Appleton Isaac Complex - Tel Aviv-Yafo: Situated in the Neve Golan neighborhood, encompassing Socrates, Aristotle, and Isaac Harif streets, this complex comprises 96 housing units destined for demolition, to be substituted with 223 new units. C.P. is the developer.

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- Shalom Ash Complex - Petah Tikva: Located in the Neve Gan neighborhood, spanning Shalom Ash and Ze'ev Orlov streets, this complex...