With the approval of the Jerusalem municipality, the controversial Parkview Condominiums and Beachcrest Condominium complexes are now open to the public.
The project is currently being overseen by the Israeli Planning Ministry, which has been given the green light to start the construction process.
In the past, the Parkview complex was built on a large tract of land owned by the state-owned Israel Land Authority (ILA), and the beachcrest complex on the outskirts of the city.
This time around, however, the Israeli Housing and Construction Authority (ILCA) has approved the construction of the projects on land in the northern part of the country, as the developer has requested the land be given to them as a result of their “convenient location.”
The project will be built on land owned jointly by the ILA and the Jerusalem Municipality, according to the Jerusalem Post.
According to the developer, the two buildings will be connected by a large swimming pool and spa.
According to the Israeli media outlet, the developer is planning to construct the new condominium buildings on 1.5 hectares of land, and they will be constructed to accommodate 8,000 residents.
The project is expected to cost around 5.3 million shekels ($11.5 million), which is equivalent to around $40,000 per month.
The construction project will begin next year, with the completion of the project expected in 2022.
In a statement, the ILCA said the project is intended to promote the development of the tourism sector in the region, and it is part of a broader project to provide housing for Israeli families.
It added that the project will contribute to Israel’s economic recovery and will help improve the quality of life for residents and visitors.
In 2016, the Jerusalem International Development Cooperation Agency awarded the construction permits for the Park and Beach condos, but this year, the developers have been given a green light.
The Israeli Housing Authority has also approved the project, and the project was approved for a maximum of 10 years.