Jerusalem's Municipality approved for deposit, a plan through the local planning and construction committee, to demolish the Reich Hotel in the Beit HaKerem neighborhood, which will be replaced by apartment buildings.
"Jerusalem is moving forward, both in the housing industry and in the tourism industry. This is the next change reflected in the plans to build thousands of new housing units and promote construction plans in the hotel sector," Jerusalem's Mayor, Moshe Lion said.
"This change will be felt more significantly in the coming years, through the establishment of additional projects within the framework of "evacuation construction," The National Outline Plan for Strengthening Existing Buildings Against Earthquakes (TAMA 38), price per occupant, housing for rent and more - all for the benefit of the residents and improving their quality of life," he added.