U/C: Azrieli Modiin Mall & Towers

[source26]

Yesterday Press release by Azrieli Group:

Giant Modiin city-center complex starts construction!
The Modiin Mall will be the 8th of Azrieli Group in Israel.

Complex size: 130,000 sqm.
cost: $100,000,000

To include:
Large 22,000 sqm 130 store mall + 10 (!) cinema halls complex
(90 percent sold out already)
1300 workers. 2-3 underground parking floors, connected to central stations built in 3 levels.
+ Office Tower, 13,000 sqm
+ A 100 apartment tower, 10,000 sqm (the plan was for four 8-10 storey towers but it was changed to two higher towers of 16 floors, 50 apartments each, dont know what was approved - maybe 1 tower of 25 floors?!somebody know?)

no renders have been released.
digging works have started.

[ZOHAR]

why in Modiin?

[source26]

because:

1) Modiin has no mall and when this mall will be completed it will be a pop. of 60,000 city.
2) Modiin is a middle-upper class city and also gets lots of visitors from the outside
to it
3) It will enjoy being the only exclusive big mall in the city so you can imagine what high profits it will bring

municipality site http://www.modiin.muni.il/

[ZOHAR]

yes but it's so small city ...to build so big mall there it's so pathetic...

[source26]

Zohar Givatayim is the size of Modiin and they built a giant mall there!
Modiin is growing extremely fast, and dont forget the train station
will bring people from the center straight to modiin mall in 10 minutes!
also younger population = more spending money.. also macabim/reut - some of the richest communities..
I think this mall will make huge profits

[ZOHAR]

Givataim near Tel Aviv

[source26]

the planned area: modiin center
central bus station, central train station - natbag line (100,000,000 nis)
central mall (azrieli modiin mall) and business complexes, underground
central bus station on 3 levels.





the train station:

[source26]

so givatayim is close to tel aviv but tel aviv has 6 otehr malls..
modiin is secluded so all the city will go to one mall..

[ZOHAR]

yes u are right...

[TalB]

http://www.globes.co.il/serveen/
Cornerstone laid for Modi’in’s first mall

The 130,000 sq.m. Modi’in Municipal Center will cost $90-100 million to build.

Guy Yamin 21 Sep 05 17:21

The cornerstone for the first mall in Modi’in was laid today. The mall will be the eighth owned by the Azrieli group, which won a tender by the Ministry of Housing and Construction, Israel Land Administration (ILA) and Modi’in municipality for the Modi’in Municipal Center. Designed by architect Moshe Safdie, the Modi’in Municipal Center includes a mall, offices, residences, cinemas, events hall, and 1,500 parking space.

The 130,000 sq.m. Modi’in Municipal Center will cost $90-100 million to build. It will have 50,000 sq.m. of main space: 22,000 sq.m. of commercial space, including 3,000 sq.m. for a Co-Op supermarket, ten 500-sq.m. shops, 130 shops of 80-100-sq.m. each, eight cinemas, and a 400-seat events hall; 13,000 sq.m. of residential space, and 13,000 sq.m. of office space.

Azrieli group president Menachem Einan said, “The project is being marketed successfully at rents of $50-70 per sq.m. There is even a waiting list.”

Einan said the mall would be closed on Saturday, except for the cinemas and cafes, in line with the Azrieli group’s policy.

The Modi’in Municipal Center will have 75 three and four-room apartments of 80-130-sq.m. each. Canit Hashalom Investments chairman and owner David Azrieli said the apartments would be rented, but not offered for sale, in order to preserve the Azrieli group’s control of the project.

Tenders will be published next month to chose a contractor for the building skeleton, and for the electrical, plumbing, elevators and other contractors. Earthworks, foundations, and linings for the project are now underway.

David Azrieli said, “The Modi’in Municipal Center will directly generate 500 jobs in the city, and generate another 800 indirectly. It will unquestionably significantly improve the supply of commercial, business, and entertainment places for the city’s residents.

The Modi’in Municipal Center is the first project of its kind in Modi’in, which is growing by 10,000 residents a year.

Published by Globes [online], Israel business news - www.globes.co.il - on September 21, 2005

[ZOHAR]

very interesting...thanx for this article@!

[Kappa21]

Modiin is nice i heard...

is this in the or near the Green line..
cause i once went to Park Canada (how ironic) near modiin without my parents (long story) and they snapped on me...it was in the height of the intifhada

[source26]

The green line is formed by 30 green midgets, standing waving green flags.
they eat only green vegetables, wear only green and are family related to shrek.
They dont mind being shot at, as long as theyare paid in green bills ($).