North Sde Dov plan could be delayed years

Sde Dov Credit: Tel Aviv - Yafo Municipality
Sde Dov Credit: Tel Aviv - Yafo Municipality

One of Tel Aviv's biggest new construction plans for 12,000 homes in the north of Sde Dov could be tied up in red tape for years.

One of Tel Aviv's biggest new construction plans (TA/3700), which includes 12,000 housing units in the north of the city, has been delayed for a protracted amount of time at the stage where landowners' rights are being distributed.

It is currently becoming clear that because of foot dragging by the Tel Aviv - Yafo Municipality in applying the conclusions of research into the plan, there is real concern that the plan could be tied up in several more years of red tape.

TA/3700, also known as the "Northwest Quarter" includes 12,000 new housing units, 1,500 hotel rooms, 200 dunams (50 acres) of public buildings, and 215,000 square meters of commercial and office space. The plan was deposited for objections in 2010, and approved in January 2015 but has since been delayed for seven years and it now looks as though progress will be postponed for several more years.

"The plan will be postponed indefinitely"

Many of the opponents of the plan claim that a main principle in the outline plan for the district has not been kept: the concentration and pooling of unified landowners in specific lots, in order to prevent their fragmentation. The plan's researcher, the appraiser Lavana Eshed, who was appointed to examine the dozens of objections, determined that this could be "remedied" by correcting the tables - a recommendation adopted by the subcommittee of the local committee 15 months ago. However, so far this has not happened.

The Tel Aviv - Yafo Municipality said, "The balanced tables have not yet been finally corrected, and the municipality is working to correct them in accordance with the researcher's recommendations. The correction procedure is carried out by the plan's assessor, and requires many corrections which take time. After the corrections are made, the balanced tables will be published and presented in a procedure that will be carried out according to law."

"The corrected tables have not yet been prepared and it looks like they have again repeated the mistakes of the past, "said Adv. Miriam Donin Shoob of the Erdinast, Ben Nathan, Toledano & Co. with Hamburger Evron law firm, which represents hundreds of the landowners, who hold rights to 1,878 housing units in the plan. "After all the corrected tables will draw new objections, and we will go through the same process that we have been through so far.

"The ruling speaks of damage of 6% to the value of the land for each year of delay of a plan, and it is about land that is currently valued at about NIS 30 billion. Another seven years of waiting means that more rights holders will pass away, and more heirs will inherit their rights - and the picture will only get more complicated. This will make it even more difficult to implement the plan, and the fear is that it will be postponed indefinitely."

Published by Globes, Israel business news - en.globes.co.il - on August 22, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.

Sde Dov Credit: Tel Aviv - Yafo Municipality
Sde Dov Credit: Tel Aviv - Yafo Municipality
Israeli apartments Credit: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel in Tel Aviv, Holon, Rehovot, Kiryat Tivon, Shlomi and Beersheva.

THAAD anti missile system credit: The US Army Ralph Scott Wikimedia US deploys more THAAD, Patriot batteries in Israel - report

Amid rising regional tensions the US is bolstering Israel's air defense, Saudi state-owned TV channel Al Arabiya reports.

Tel Aviv Stock Exchange credit: Shutterstock TASE tumbles in Wall Street's wake

Dual-listed stocks have again been hard hit, but the banks are also down sharply.

Donald Trump and Benjamin Netanyahu credit: Avi Ohayon Netanyahu due in Washington to discuss tariffs

According to news website Axios, Prime Minister Benjamin Netanyahu will be the first leader to meet President Trump after the latter's announcement of sweeping import tariffs.

Yoni Assia CEO eToro Credit: PR eToro defers IPO amid market turmoil

The online trading platform had planned to begin meetings with investors this week.

Minister of Finance Bezalel Smotrich credit: Shlomi Yosef Smotrich meets wrong man in Washington

Minister of Finance Bezalel Smotrich tried to persuade Secretary of the Treasury Scott Bessent to soften the tariff blow on Israel - only Bessent isn't responsible for the matter.

Unframe founders credit: Yossi Yarom Israeli AI enterprise platform co Unframe raises $50m

Unframe’s turnkey AI solutions enable companies to solve any enterprise AI use case at scale with fully functional, customized AI solutions for businesses in a matter of hours, rather than months.

Combatica credit: Combatica Combatica launches next-gen VR AI training platform

The Israeli company's virtual reality platform includes 50 AI generated scenarios, seven maps and even situations for operating night vision.

Shekel credit: Shutterstock Vladirina 32 Shekel volatility after US tariffs announcement

The shekel is weakening sharply against the euro, which is gaining following the unveiling of Donald Trump's tariffs plan.

Minister of Finance Bezalel Smotrich credit: Noam Moskovitz Knesset Spokesperson Treasury assesses potential damage to Israel's US exports

Israel will be charged a higher tariff on its exports to the US - its biggest export customer - than Turkey and the UAE.

Iranian flag credit: Shutterstock Why inflation haunts Iran

With a month-on-month increase of 3.3% and an annual rate of 37.1%, inflation reflects the struggles of millions of Iranians.

APM merges with lawyers from Doron, Tikotzky Kantor, Gutman credit: Eyal Merilos APM merges with 12 lawyers from Doron, Tikotzky Kantor, Gutman

With the addition of these 12 lawyers, Amit Pollak Matalon & Co. will now have 135 lawyers.

US President Donald Trump credit: Reuters Sipa USA Israel on list as Trump unveils tariffs

Relatively low reciprocal tariffs will be imposed on Israeli goods sold in the US.

Deflated unicorn credit: Shutterstock Big Tech 50 reports more huge falls in startup valuations

Israeli R&D partnership Big Tech 50 reports that an investment of $2 million in Orcam made in 2021, shrank to just $31,000 at the end of 2024.

NextFerm technologies based on yeast credit: NextFerm Food-tech co NextFerm suspends operations

The company, which produces food ingredients in yeast without genetic engineering, cannot pay its debts and is seeking a buyer.

Minister of Finance Bezalel Smotrich credit: Shlomi Yosef OECD sees recovery in growth but high inflation

The OECD Israel Economic Survey 2025 recommends that the Israeli government take several restraining measures, in order to exit the economic storm created by the war.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018