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Petah Tikva Demolishes 10 Buildings for 132 New Apartments
Petah Tikva has begun demolishing 10 old apartment buildings in the Amishav neighborhood to construct 132 new apartments as part of the "Tzalah Shalom" urban renewal project.
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What happened
- 01Petah Tikva's "Tzalah Shalom" project begins demolition of 10 buildings for 132 new apartments.
- 02The urban renewal project involves an investment of approximately 187 million shekels.
- 03Av-Gad Holdings and Bino Real Estate are developing the site on Tzalah and Adash Shafik streets.
- 0492 of the 132 new apartments will be for sale on the open market.
- 05Acting Mayor Eliyahu Ginat emphasized the city's focus on urban renewal and safety.
- 06Av-Gad is undertaking 9 projects in Petah Tikva, totaling 1,246 new apartments.
The 187 million shekel investment by Av-Gad Holdings and Bino Real Estate aims to replace 40 existing units with five modern seven-story buildings. The project is expected to significantly improve living conditions and provide new housing options in the area.
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