Bat Yam Street Transforms With 1,078 New Apartments Replacing Older Buildings

A significant urban renewal project in Bat Yam has seen two older buildings, comprising 96 apartments, demolished to make way for three new residential towers. The first phase of this project, located at 101-109 Yoseftal Street, resulted in the construction of three 43-story towers with 576 housing units and approximately 12,000 square meters of commercial and employment space. The company behind the project, Matslau, estimates its revenue from this phase will exceed 500 million shekels, with over 90% of the apartments already sold. Matslau is undertaking this project in partnership with Nitzba Urban Renewal, holding equal shares.

Simultaneously, the company is advancing to phase two, which involves demolishing 93 existing housing units to build approximately 502 new apartments across three more 43-story towers. This phase will also include about 13,000 square meters of commercial and employment space. Demolition permits for phase two have been secured, and construction is expected to commence in the first quarter of 2027.

Collectively, both phases will deliver a total of 1,078 housing units and around 25,000 square meters of commercial and employment areas. A company representative highlighted the complex coordination required to achieve the final completion certificate for the entire complex, emphasizing the adherence to strict regulatory demands and the synchronization of numerous engineering systems. The representative expressed pride in the outcome, attributing it to the hard work, professionalism, and determination of all involved teams and consultants in overcoming challenges throughout the execution stages. The completion of the project signifies the fulfillment of professional responsibility and the creation of a new, high-quality living, commercial, and employment environment for residents and the public.