Ra'anana approves first-ever urban renewal project

Adv. Eitan Ginsburg Photo: PR

Three seven-floor buildings will replace four three-floor buildings in poor condition.

The first building permit has been issued for an urban renewal project in Ra'anana. The Ra'anana Local Planning and Building Commission, chaired by Adv. Eitan Ginzburg, approved the demolishing of the multi-entrance buildings on Brandeis St. in the framework of an urban renewal project. The permit was conditionally issued to the Rotem Shani company, the developer of the project.

The 4.9-dunam (1.225-acre) site currently has four old three-storey residential buildings in poor condition with severe infrastructure problems. Under the approved plan, three seven-storey buildings with a total of 120 apartments above two underground parking floors will be built in their places. 30% of the project apartments will be small, and the buildings will comply with the environmentally friendly construction standard.

The project was first planned in 2002, but the planning procedures took years, and the District Planning and Building Commission changed the original plan. The District Planning and Building Commission gave final approval for the site only in late 2015. The detailed plans for the buildings on the site have now been approved, and the request for a building permit was granted by the Local Planning and Building Commission.

The Ra'anana municipality said, "This is the first urban renewal project to gain approval, while several other urban renewal sites in the town in various planning states on Weizmann, Kinneret, Migdal, and Geula Sts. are being promoted."

Commenting on the building permit today, Ginzburg said, "Ra'anana has been undergoing substantial development, with urban renewal of the town center and neighborhoods that were build decades ago. The new building outline plan for Ra'anana poses urban renewal as the biggest challenge facing the town, and we are determined to go ahead with this in the framework of both urban renewal and National Outline Plan 38. By promoting these plans, we are adding new apartments in the old town center that will increase the inventory of housing in the whole city, create a diverse and correct composition of housing units of various sizes, and enable young people wishing to live in Ra'anana to buy an apartment suitable for them."

Published by Globes [online], Israel business news - www.globes-online.com - on September 20, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

Adv. Eitan Ginsburg Photo: PR
Adv. Eitan Ginsburg Photo: PR
Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018