Ramat Gan approves 111-floor office high-rise

Diamond Exchange Photo: Tamar Matsafi

When completed, the building near the Diamond Exchange will be Israel's tallest, "Yediot Ahronot" reports.

A 111-floor high rise office complex has been approved by the Ramat Gan Local Planning and Building Committee, reports "Yediot Ahronot." When completed, the building near the Diamond Exchange, will become Israel's tallest building. The 440-meter high building must now be approved the District Planning and Building Committee.

The new tower, designed by Israeli architect Avner Yashar, will be built with a 77-floor high-rise alongside it with the two buildings having combined capacity of 400,000 square meters.

The decision comes three months after the Tel Aviv District Planning and Building Committee approved a plan to increase the "Between the Cities" project from 75-floors to what will be a record breaking 400-meter, 100-floor building when completed.

The "Between the Cities" project, several hundred meters to the south of the planned new Ramat Gan project, reflects a rivalry between the neighboring cities, which has been carrying on for decades.

At present, Israel's tallest building is the 68-floor, 233 meter Moshe Aviv Tower in the Ramat Gan diamond exchange area. That superseded the Azrieli Center circular tower, the tallest of the three iconic towers, which has 53-floors and is 193-meters tall. And that tower superseded the relatively ancient 36-floor Shalom Meir Tower completed in 1965 in the old financial district.

However, in a few months the title of Israel's tallest building will move back to Tel Aviv with the opening of the 73-floor 238-meter Sarona Azrieli tower nearing completion. Before the "Between the Cities" project is completed, the tallest building in Israel will likely be the fourth planned Azrieli Tower, on the site of the former Yediot Ahronot building, which will be 80-floors and 360 meters high.

Ramat Gan Mayor Yisrael Zinger told "Yediot Ahronot," "The towers will be built as part of my vision for the Diamond Exchange that I have been promoting since my term of office began. Such a new complex will serve as a magnet for thousands of businesses in a range of sectors. The money collected will be channeled into improving and developing infrastructures throughout the city and increasing municipal services to residents."

Published by Globes [online], Israel business news - www.globes-online.com - on June 28, 2017

© Copyright of Globes Publisher Itonut (1983) Ltd. 2017

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Diamond Exchange Photo: Tamar Matsafi
Diamond Exchange Photo: Tamar Matsafi
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