Construction of a 17-story office tower on Har Hotzvim has commenced, but it is what’s being planned below ground that has Jerusalem reaching for the clouds. Or cloud.
The RAD Tower, named for RAD Group, will be home to the largest and most secure data center in the Middle East. The server farm, which will occupy four of ten basement levels and 14,000 square meters, will be used to provide advanced cloud services to banking, security, and government entities, among others.
Construction on the 250-million shekel project will be carried out by Solel Boneh and is expected to be completed in 2020. It will provide an additional 52,000 square meters of office space to the area at a lease rate of 50-55 shekels per square meter. The structure will be the fourth in a portfolio of buildings on Har Hotzvim owned and managed by the Rad-Bynet Group.
Har Hotzvim was established in the early 1970s to be the leading high-tech industrial park in Jerusalem. Since its founding, it has grown to become one of the largest technological centers in Israel, accommodating the offices of billion-dollar Israeli brands like Teva and Mobileye. Over 10,000 people are employed on the campus.
(Header Image by Mark Neyman Copyright © 2018 National Photo Collection)