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Rishon LeZion Project to Replace Five Buildings with 232 New Apartments
Av-Gad has secured enough property owner support to demolish five old buildings and construct 232 new apartments in Rishon LeZion's Ramat Eliyahu neighborhood. The "pinui-binui" project on Zalman Schneur Street will nearly triple housing capacity, with construction anticipated to start in 2030 and finish by 2034.
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What happened
- 01Av-Gad secured majority owner support for a 232-apartment renewal project in Rishon LeZion.
- 02Five existing buildings with 80 apartments will be demolished and replaced.
- 03Construction is planned to start in 2030 and conclude in 2034.
- 04The project is valued at approximately 360 million shekels in revenue.
- 05This is one of three urban renewal projects Av-Gad is advancing in Rishon LeZion.
The company expects significant revenue and profit, and this is one of three renewal projects Av-Gad is undertaking in the city.
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