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Jerusalem Planning C'ttee approves three downtown plans

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  • Jerusalem Planning C'ttee approves three downtown plans

    Globes, Israel
    May 1 2005


    Jerusalem Planning C'ttee approves three downtown plans

    The land, zoned for residential, hotel, office, and commercial
    construction, is privately owned.

    Gal Nissim and Ron Paz

    The Jerusalem Local Planning and Building Committee has approved for
    deposit three urban building plans with a total of 150,000 sq.m. in
    the city center. Three sites are involved: an Armenian site bordered
    by Jaffa Street, Independence Park, Shlomo Hamelech Street, and the
    Feingold courtyard; a site bordered by Jaffa Street, King George
    Street, and Hillel Street; and the Havatzelet site, bordered by HaRav
    Kook Street, Jaffa Street, Helena Hamalka Street, and Monbaz Street.
    Most of the land is privately owned. The goal of these plans is to
    remove planning obstacles and encourage private construction
    initiative in the town center. The land has not been changed for
    decades. A company named Eden, which is promoting the project, has
    decided to emphasize approval of the statutory availability.

    In order to smooth planning processes, it was decided by refrain from
    consolidation and dividing, and to facilitate planning flexibility in
    the use of the land for residential, office, hotel, and commercial
    construction. Eden will also invest NIS 400 million in developing
    public space, together with its private investment.

    As part of Eden's efforts and investment in rejuvenating the city
    center, it was decided to invest resources in encouraging private
    initiative, which is one of the main anchors in renewed construction
    in the city center.
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