Kfar Saba Urban Renewal Project Receives Building Permit in Record Nine Months
Translated & summarized from Maariv by baba
The Av-Gad Group's urban renewal project in Kfar Saba has obtained a building permit in just nine months, a significant acceleration compared to the usual multi-year process. The project will replace 27 old units with 85 new apartments and includes a robotic parking system. This expedited permit was achieved through a new, fast-track licensing process, marking a potential precedent for the real estate industry.
The story in 5 lines · by baba
- A Kfar Saba urban renewal project received a building permit in nine months, a new record.
- The project by Av-Gad Group replaces 27 old apartments with 85 new ones.
- The expedited permit was granted through an Authorized Architect licensing route.
- The development includes a robotic parking facility and a communal rooftop.
- Expected revenues for the project are estimated at 163 million shekels.
A groundbreaking urban renewal project in Kfar Saba has achieved a significant milestone, receiving its building permit in approximately nine months, a process that typically takes years. The Av-Gad Group project, which involves replacing two existing buildings with 27 housing units with two new 11-story buildings containing 85 apartments, utilized a new, expedited permitting track.
This accelerated timeline was made possible through the "Authorized Architect" licensing route and the collaboration between involved parties. The project integrates two licensing tracks simultaneously: a fast-track option based on the "Shaked Alternative" and the Authorized Architect route. The new development will feature 58 apartments for free market sale, alongside a robotic parking facility with three elevators for vehicles and 85 parking spaces across two underground levels. Additionally, a communal rooftop space is planned for residents.
Av-Gad Group estimates the project's expected revenues at approximately 163 million shekels, with an anticipated gross profit of around 32.5 million shekels, according to their second-quarter 2026 financial reports. The company attributes the project's swift advancement to the new licensing pathway and the cooperative efforts of all stakeholders involved.