Ramat Gan Approves Plans for 480 New Apartments in Urban Renewal Projects
Translated & summarized from Ice by baba
Ramat Gan's District Planning Committee has approved plans to build 480 new housing units in the Hagafen and Ramat Shikma neighborhoods. The projects involve demolishing older buildings to construct towers up to 38 stories, alongside commercial spaces and public facilities. Prices for new four-room apartments are estimated to be around NIS 3.8 to 3.9 million. The plans aim to significantly increase the city's housing supply and cater to diverse populations.
The story in 5 lines · by baba
- Ramat Gan approved plans for 480 new apartments in Hagafen and Ramat Shikma neighborhoods.
- The projects will replace 144 old housing units with modern towers up to 38 stories.
- New apartments in Hagafen range from NIS 38,000-42,000/sqm, and in Ramat Shikma from NIS 36,000-39,000/sqm.
- A four-room apartment is estimated to cost approximately NIS 3.8-3.9 million on average.
- The developments include new commercial spaces and approximately 6.4 dunams for public buildings.
The District Planning Committee has approved two urban renewal plans in Ramat Gan that will add 480 new housing units to the city. The plans target the veteran neighborhoods of Hagafen and Ramat Shikma, replacing 144 old housing units with modern construction, including two towers reaching up to 36 and 38 stories. These developments will also incorporate commercial and employment spaces, a new urban plaza, and approximately 6.4 dunams dedicated to public buildings.
The Hagafen neighborhood plan, located in the northern part of the city, focuses on the area of Abba Hillel 76-78 and Harut 9-11. It involves demolishing four old buildings with 41 units to construct a 36-story tower with 130 new units and ground-floor commercial frontage. This plan also includes a new 670-square-meter plaza and street widening to enhance public space and pedestrian access.
The Ramat Shikma neighborhood plan, situated in the southern part of the city between Shelem Street and HaTayasim Road, covers about 12.8 dunams. It will see the demolition of six old buildings containing 103 units, replaced by 350 new units, including a tower up to 38 stories high, subject to aviation authority height restrictions. This development will also feature around 1,750 square meters of commercial space along Shelem Street and dedicate about half of its area to public facilities, creating a large public complex for residents.
Recent transactions indicate that prices for new apartments in Hagafen range from NIS 38,000 to NIS 42,000 per square meter, while in Ramat Shikma, prices are between NIS 36,000 and NIS 39,000 per square meter. A four-room apartment in these projects is estimated to cost around NIS 3.8 to 3.9 million on average, depending on factors like floor and size.
Erez Ben Eliezer, District planner for Tel Aviv in the Planning Administration, stated that these plans are crucial for urban renewal in Ramat Gan, increasing housing supply and offering a diverse mix to cater to various populations. He noted that the plan along Shelem Street complements a series of urban renewal initiatives in the area.
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