11,500 homes approved for Herzliya coast

Hof Tachelet Herzliya Photo: Tamar Matsafi
Hof Tachelet Herzliya Photo: Tamar Matsafi

The plan also includes commercial and lesiure space on the Hof Hatchelet coastal strip leading to the Tel Aviv border.

The Herzliya Local Planning and Building Commission recently approved the outline plan for the Hof Hatchelet (Blue Coast) site on the seafront between Abba Eban Boulevard on the north and the Herzliya border with Tel Aviv on the south. The next stage is discussion of the plan at the Tel Aviv District Planning and Building Commission.

The plan, designed by architect Danny Kaiser and the Herzliya municipality engineering administration, covers a 2,200-dunam (550-acre) site zoned for 11,500 housing units 150,000-200,000 sq.m. of space for public purposes (including schools and kindergartens), business, commerce, and 3,500 hotel rooms.

A 15-meter promenade along a sandstone ridge near the sea as a continuation of the existing beach promenade to the Tel Aviv border and a bicycle path along Highway 2 are planned, and the Tel Michal archeological site will be developed and turned into a 200-dunam (50-acre) park.

The business space will be constructed along the coastal road, creating continuity with the existing industrial zone in western Herzliya. The residential, public, and tourist space will be next to the sea. The residential buildings will have 8-30 storeys.

The plan allocates 70% of the space for public needs. It will probably take years before the plan is fully completed. Optimistic estimates speak of 5-7 years before infrastructure work begins.

An appraiser will be appointed to allocate specific areas to the many landowners on the site. The plan is then slated to move to the stage of objections at the District Planning and Building Commission, followed by final approval.

Herzliya Mayor Moshe Fadlon expressed satisfaction with the plan's approval, saying, "About two thirds of the land in the plan will be appropriated for public space, which shows that the plan's main goal is to preserve open spaces, the marine environment, nature reserves, and national parks. We were also careful to maintain a balance between residential sites and business and tourist sites which will provide an economic level for the city and benefit for all its residents."

Herzliya municipal director Yehuda Ben Ezra added, "The Herzliya municipality has been promoting the plan for a long time, while showing special sensitivity to the preservation of nature values. In planning the residential neighborhood, we took care to provide a good and effective solution for the tenants' needs in matters such as education, transportation, etc."

Ezra Yehezkel, chairman of the Association for Promotion and Development of Hof Hatchelet, said that he hoped that the state's attitude towards shortening bureaucratic procedures would also be applied to Hof Hatchelet. He stated, "My father bought the land when I was born in 1938. Many of the landowners are the children of buyers who have passed away. I have 750 sq.m. and no one has an exact answer about how much we'll get for our land. There's 70% confiscation for public needs, and there are also non-residential uses. Out of 2,000 dunam (500 acres), 400 (100 acres) will be for residences. The current estimate is that constructions rights will be 30-40 housing units per dunam (120-160 housing units per acre)."

Adv. Joseph Guy Mosseri, who specializes in forming buyers groups in projects in the planning stages, and represents over 1,000 buyers in Hof Hatchelet, says, "It is likely that the District Commission will act like it did in approving (the nearby) municipal plan 3700, when it increased the rights (meaning the density of housing per net dunam after confiscation) in the site, because the interests of the Local Commission are different from those of the District Commission, which is responsible for supervision and preservation for the purpose of maximizing the expensive land resource. For this reason, the proper criterion will be the density approved in plan 3700."

Mosseri added, "It is important to realize that the outline plan involved is for high rise high density construction, and confiscation therefore neither adds nor detracts. It is important to know the net number of approved housing units that will be approved after the confiscation. Confiscation for public needs refers to the purposes, but the key is determined by National Outline Plan 35. What will remain after the confiscation in terms of urban building plan units should be checked, because the rights will be for high-rise construction."

Published by Globes [online], Israel Business News - www.globes-online.com - on January 30, 2017

© Copyright of Globes Publisher Itonut (1983) Ltd. 2017

Hof Tachelet Herzliya Photo: Tamar Matsafi
Hof Tachelet Herzliya Photo: Tamar Matsafi
Fencing goes up Petah Tikva's Segula neighborhood  credit: NTA The Metro is really happening

Although there are skeptics who doubt that the project will ever be realized, there are now enough signs on the ground to indicate that they are probably wrong.

Ben Gurion airport Terminal 1 credit: Shutterstock Ben Gurion airport's Terminal 1 reopens

Terminal 1 at Ben Gurion airport reopened yesterday to domestic flights, while international flights will start using the terminal from Sunday, March 30.

Minister of Interior Moshe Arbel credit: Cadya Levy Interior Minister: There is no deep state in Israel

Minister of Interior Moshe Arbel told the Globes Services conference that civil servants are dedicated employees who serve the public.

Minimum wage credit: Tali Bogdanovsky Minimum wage in Israel to rise next week

The monthly minimum wage in Israel will be revised upwards by 6%.

Bank of Israel  credit: Shutterstock/Alon Adika Bank of Israel slams gov't fiscal policy

Governor Prof. Amir Yaron wrote in the annual report that the government's measures are not enough to ensure a sustained decline in debt-to-GDP ratio.

Minister of Justice Yariv Levin credit: Noam Moskovitz Knesset Spokesperson Knesset passes Judicial Selection Law

The new law makes judicial appointments subject to political control.

Airbnb credit: Reuters Knesset ignores Airbnb tax evasion loophole

The Israel Hotels Association has slammed the government's indifference to tax evasion by Airbnb landlords, which it insists promotes unfair competition.

GMT CFO Eran Tibon credit: PR Political tensions tempt Israelis to move funds abroad

According to data from advanced financial services company Global Money Transfer, steps taken by the Israeli cabinet to oust Shin Bet chief Ronen Bar, and Attorney General Gali Baharav-Miara, could cause capital to flee Israel.

Sde Dov credit: Guy Yehieli Tenders close for 2,744 more homes in Sde Dov

Four tenders closed last month for the north Tel Aviv district saw a decrease of about 40% in the prices of land, and there is great interest in the prices these latest tenders will fetch.

Rafael CEO Yoav Turgeman credit: Rafael Spokesperson Rafael CEO: Iron Beam will be ready in 2025 as promised

In presenting record financial results for 2024, Yoav Turgeman tells "Globes" that the high energy laser weapon system will be operational this year.

Tel Aviv credit: Shutterstock Rent rises moderate due to emigration and reserve duty

Rents only rose 4% in 2024, the Bank of Israel reports, despite the large number of evacuees, due to the negative migration balance and the large number of young people in the army reserves.

Moody's, Benjamin Netanyahu, Bezalel Smotrich, credit: Shutter stock, Government Spokesperson, Tali Bogdanovsky Moody's: Political risks weigh on Israel's rating

"Israel's sovereign credit profile reflects very high political risks that have weakened economic and fiscal strength."

Stef Wertheimer  credit: Reuters Industrialist and philanthropist Stef Wertheimer dies aged 98

Wertheimer founded Iscar, which was sold to Warren Buffett's Berkshire Hathaway, and was behind many industrial and social initiatives, as well as having a brief political career.

Island founders Dan Amiga and Mike Fey credit: Antonio Delucci Browser security co Island raises $250m at $5b valuation

The company has developed a communications technology that enables fast remote connection to corporate computers.

Yossi and Shlomi Amir  credit: Jonathan Bloom Shufersal doubles annual profit

Streamlining measures by brothers Yossi and Shlomi Amir since they took control have vastly improved the supermarket chains profitability metrics.

Africa Israel Residence CEO Ronit Eshed Levy credit: Cadya Levy "Jewish communities want to move together to Jerusalem"

Africa Israel Residence CEO Ronit Eshed Levy told the Globes Going Long on Israel investment conference about urban renewal in Jerusalem.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018