Shlomit Tzur, Calcalist, 28.01.2020
Ofer Investments, controlled by Liora Ofer, is entering the evacuation building for the first time: The company recently won a tender initiated by owners of apartments in the Beit Hakerem neighborhood of Jerusalem for a project to demolish 154 old apartments and 401 new apartments will be erected.
The 18-acre complex, between Cedar Street and Peace Man, features four old four-story buildings at 14-10 Cedar Street. According to the plan approved in 2017 by the District Planning and Building Committee, the old buildings will be demolished and in place 13 new six- to six-story buildings, including commercial areas, will be erected. The plan was designed by architect Carlos Pruss.
The tender was attended by more than ten companies, including Africa Israel and Ashdar. Finally, Ofer Investments' proposal, jointly submitted with the Beta Urban Renewal Group, was won.
According to the social appendix to the plan, the Jerusalem Municipality's Moriah company, most of the population living in the complex, 58%, is of renters, and 56% of the population is in a young age group of 45-20. Also, the majority of the population is native to the country, secular, Hebrew-speaking, educated, and socioeconomic over the medium. As part of the project, the owners of the apartment will receive a new and larger apartment, which includes a space, a balcony and parking.
The condominium owners established a 20-member administration, five from each building, and this was in contact with the condominium owners and promoted the plan, as well as selecting a representative attorney, architect, appraiser and project manager. At the end of the program approval process, which ended within 30 months of submitting the plan to the local committee, the apartment owners conducted a tender to select an entrepreneur.
Attorneys Sagi Tiroche and Kfir Levi are represented by Kramer Shapiro Schneider's law firm. Ofer Investments and Beta Urban Renewal is represented by Adv. Keren Or Finkelstein of the Shai Adulam office.
Beit Hakerem is an old neighborhood in West Jerusalem, which has undergone renewal in recent years, mainly in TAMA 38 projects in the area of reinforcement and construction additions. The neighborhood includes public infrastructure, and the light rail connects the neighborhood to the rest of the city. In 2017, a number of objections were filed claiming change in character and character The Jerusalem District Planning and Construction Commission rejected these objections, stating that "the plan provides a proper response to the need for urban renewal and to increase housing supply while maximizing the neighborhood's character and proper construction proposal in volume and character."
Shai Weinberg, CEO of Ofer Investments: "The many development processes that Jerusalem is going through in recent years have led us to the decision to enter into a major evacuation project, together with the Beta Group, in the Beit Hakerem area." Weinberg added that this project would be "real estate pearl. True "in Jerusalem. Alongside this, Ofer Investments is examining projects in the center of the country, including in Tel Aviv, with a view to expanding its evacuation and construction activities.
Daniel Friedler, chairman of the Beta Group, said: "Demand for housing and employment in the city is emerging thanks to the renewal momentum that is leading the municipality and creating a new urban fabric in the old neighborhoods. We believe in Jerusalem and are delighted at the opportunity afforded to us and our partner Ofer Investments and the tenants' trust to lead such a significant project together. We are confident that together with the project's tenant manager and consultants, we will be able to create a flag project that will be a quality marker for other projects in Jerusalem and Israel in general. "