People seeking homes in the Tel Aviv will soon have at least 4,000 new homes to choose from – while supplies last, of course. That is the number of houses and apartments that are to be built on one of the biggest real estate projects in the suburbs of Tel Aviv in recent years – the “Eucalyptus neighborhood” planned for the land that the Tel Hashomer induction center currently stands on. Also approved for later construction was a plan on a second large IDF installation in Ramat Gan.
The IDF's Tel Hashomer base, which for decades has been the last stop for civilians – and the first for new inductees in the IDF – is moving to the Negev, to a large IDF infrastructure project being developed outside Be'er Sheva. Among the other IDF facilities being vacated is the base surrounding the Ministry of Defense headquarters. Both the Tel Hashomer and Defense Ministry lands are in very expensive areas, where land for large-scale construction is almost non-existent.
The go-ahead for the Eucalyptus project was given Sunday by the Central District's Building and Planning Board. This is the first time a plan for civilian construction has been approved on lands that had been used by the IDF.
The plan for cottages, apartments, shopping centers and parks was approved by the Board after months of hearings. At least 20% of the homes will be built for, marketed to, and priced for young couples and families who do not own homes.