The Shikmim Quarter Revolution: Major Developers Bet Big on Be'er Ya'akov
Introduction
When major Israeli developers commit hundreds of millions of shekels to a location, it sends a powerful market signal. In Be'er Ya'akov's Shikmim Quarter, multiple prominent construction companies have placed substantial bets.
Avnei Derech Group: NIS 300 Million Investment
In September 2025, the Avnei Derech Group received permits to build a major residential project in the Shikmim neighborhood. The approximately NIS 300 million investment represents one of the largest single commitments to Be'er Ya'akov's development.
Ashtrom Residences: Eco-Friendly Community Vision
Ashtrom Residences is developing a unique, eco-friendly community in the Shikmim Quarter. The development features five residential buildings: three at 7 stories and two towers reaching 26 stories, offering a total of 260 apartments. Half of these units will be available through the government-subsidized "Mehir L'Mishtaken" program.
Design and Specifications
The apartments are designed by Baree'li Levitsky Architects. Buildings are constructed above a commercial floor with 8 stores and two levels of underground parking providing over 400 spaces with electric vehicle charging infrastructure.
Shapir Group: BE YA Project in Telim Mizrah
The Shapir Group's BE YA project spans approximately 82 dunams and comprises around 486 residential units across fifteen buildings, plus commercial areas and public spaces.
Complex 5: Israel Land Authority Partnership
The 312-dunam project will deliver approximately 1,900 housing units, with around 300 designated for special housing categories including students, elderly residents, and people with special needs.
Why Developers Are Betting on Be'er Ya'akov
Land Availability: Unlike built-out cities, Be'er Ya'akov offers substantial development-ready land.
Municipal Cooperation: Local government actively supports development, streamlining approvals.
Demand Fundamentals: Strong absorption rates for completed projects demonstrate genuine buyer demand.
Conclusion
The Shikmim Quarter and surrounding neighborhoods have attracted a who's-who of Israeli developers, collectively committing billions of shekels to the city's transformation.