Urban Renewal

Amid market stagnation and rising construction costs in Tel Aviv, developers and apartment owners are renegotiating urban renewal deals, cutting previously promised benefits to keep projects viable.

Ramat Gan Municipality launched a 90 million NIS tender for a residential tower in Nachalat Ganim, while district committees approved 340 new housing units in major renewal projects.

A Haifa court ruled in favor of an urban renewal developer in Kiryat Yam, ordering an objector to cease disrupting a 130-unit project despite collapse risks, subject to a 200,000 NIS bond.

Jerusalem approved the final renewal project for the historic Orion Cinema, featuring 202 residential units, a hotel, and the restoration of the iconic cultural venue.

A comprehensive master plan in Israel takes an average of eight years to approve, hampering urban development and housing growth. The Planning Administration aims to cut this timeframe to three years.

A new study reveals that nearly half of Israel's urban renewal neighborhoods show under 10% implementation, highlighting a wide gap between planning and actual construction.

Israeli planning committees have advanced major urban renewal, industrial, and academic projects nationwide, including a new Kiryat Shmona academic campus, Western Galilee employment hub, and major housing initiatives.

Motslawi and Africa Israel Urban Renewal have secured a massive 1.8 billion NIS urban renewal project in Holon, replacing 330 units with 1,000 new apartments.

The Tel Aviv District Committee approved a major urban renewal project in Bnei Brak, converting an industrial zone into 198 apartments, commercial spaces, and public buildings amid rising property values.

Av-Gad and Barak Financials are nearing completion of a 49 million shekel partnership deal after receiving tax authority approval for urban renewal projects.

The urban renewal project at 7 Biltmore Street in Tel Aviv, home to singer Yehuda Poliker, advances as the District Court dismisses a delay request.

A 50 sqm apartment in Netanya sold for 1.45 million NIS with pinned urban renewal rights. Real estate agents note rising demand for second-hand homes over new developments.

The Netanya Municipality rejected the inclusion of an illegally split building with 19 units into an urban renewal project, as permits existed for only eight apartments, rendering compensation economically unviable.

Urban renewal projects in Israel hide a murky world of private organizers. Experts warn about hidden conflicts of interest where fixers trade developer deals for apartment kickbacks.

Bet VaGan executives discuss Tel Aviv's cooling real estate market, margin pressures, and the strategic pivot toward large-scale urban renewal projects in Haifa and Netanya.

The Central District Appeals Committee ruled that signing urban renewal agreements after plan approval does not disqualify safe room betterment levy exemptions for developers.

The Southern District Planning Committee approved 474 new housing units in Eilat under the HaTmarim Complex urban renewal project, as property prices in the resort city surpass 20,000 NIS per square meter.

Ben Shalom has demolished 12 old apartments on Yesod HaMa'ala Street in Hod HaSharon to build 36 new units across two 8-story buildings in a major urban renewal project.

M. Aviv Building Industries is acquiring 100% of urban renewal firm Tarhish for up to 56.4 million NIS and partnering with Ken HaTor in a 21-project deal worth up to 81.4 million NIS total.

The Jewish National Fund approved a 33 million shekel budget for 2026-2027 to fund detailed urban planning in Israel's northern periphery, tackling seismic risks and market failures.

Gabay Group is advancing three major urban renewal projects across northeast Tel Aviv, including Neve Sharet, Neot Afeka, and Hadar Yosef, delivering hundreds of modern apartments.

The National Planning Appeals Subcommittee unanimously rejected Bat Yam's appeal against the Shaar Yoseftal project, approving a revised plan that adds 249 apartments while reducing commercial space to ensure economic feasibility amid rising market costs.

At the Globes real estate conference, appraiser Rotem Zilber urged industry professionals to embrace artificial intelligence today, utilizing automated operations and data scanning to maximize investment opportunities.

The Israeli government approved fast-track urban renewal for two complexes in Bat Yam damaged by a rocket strike on May 15, 2025. The project, led by Bezalel Smotrich, covers 24 buildings and over 420 homes.

The valuation conducted by BDO boosted the quarterly results of the construction company Amram. The real estate company, which is traded on the Tel Aviv Stock Exchange, reported a threefold increase in profit to 165 million shekels.

The Government Authority for Urban Renewal has allocated 100 million shekels to subsidize reconstruction projects in Dimona and Arad. The funding aims to ensure the economic viability of building 760 new apartments to replace 253 units damaged by missile strikes.

The Tel Aviv Administrative Court rejected a petition filed by 48 residents against the project at the intersection of Raoul Wallenberg and Pinchas Rosen streets. The court upheld the use of easements to provide public access to open spaces, ruling it a proper balance between public needs and property rights.

After bringing Barak Finance into its structure, the company is looking for partners and may bring in institutional investors. The board of directors determined that despite the negative cash flow, there are no liquidity problems. The company published its reports for the second quarter, which show that the company sold 32 apartments in the quarter, compared to 10 in the previous quarter.

The real estate market slowdown is bypassing the leading urban renewal company. Aura sold 385 apartments in five days during the 'Hever' campaign, with revenue crossing the 1 billion shekel threshold for the first half of the year.

Luzon Ronson, owned by Amos Luzon, has filed a lawsuit against former Or Yehuda mayor Yitzhak Buchovza. The developer claims that the attorney's actions are jeopardizing a major urban renewal project.

Barak Finance will invest about 49 million shekels and hold 49% in a new company with Av-Gad, which will take on 24 projects in the center of the country. Bank Hapoalim is investing about half a million shekels in establishing a community space, a cafe, and a workspace at Hermon Square in Kiryat Shmona. And Samsung will launch a web series in addition to a fashion campaign to promote its new...

Yesodot Eitanim Urban Renewal and the Savionim Group have won a residents' tender on Ben Gurion Street in Kiryat Bialik. The project involves replacing 18 old apartments with 90 new units across two modern buildings.

The apartment spans 68 square meters and is located on the first floor out of seven. The real estate agent who represented the sellers in the deal notes: "There is currently activity in Nahariya and quite a few deals are being closed. People have gotten used to the security situation and have returned to the market." Plus more real estate deals from the last week.

Oron Nadlan and Midar have secured the necessary majority of apartment owners to advance a Pinui-Binui project in Jerusalem's Kiryat Menachem neighborhood. The plan involves replacing 84 existing units with 400 new ones.

The Appeals Committee rejected a building permit application due to objections from residents who were forced to give up a window in their apartment because of an urban renewal project. The judge returned the case to the local committee and ruled that it must examine additional options.

This involves the demolition of two buildings including 30 residential units and 14 commercial units on Ussishkin Street in the city. The old apartments will be replaced by a new project including 82 residential units and 16 shops in a 7-story building above a commercial floor.

The District Committee has approved an urban renewal (pinui-binui) plan for a complex significantly damaged during the war. Details on the cooperation between the Tidhar Group and the Ramat Gan Municipality.

After a missile strike damaged a Tel Aviv building, residents faced bureaucratic chaos. Lawyers successfully resolved the conflict between renovation compensation and the TAMA 38/2 demolition plans.

The Vatma'l (Committee for Planning and Construction of Priority Housing Complexes) has approved a massive urban renewal plan for the old center of Be'er Ya'akov; in Kiryat Yam, 180 apartments will be replaced by 826 apartments in buildings of up to 40 floors; and in Haifa Bay, planning is advancing for complexes with millions of square meters for employment and commerce and thousands of housing...

Ron Hochman, former CEO of Mizrahi-Tefahot Invest, is launching a new real estate investment firm. The company aims to build a portfolio of 1 billion shekels over the coming years.

The local committee recommended depositing a plan for the construction of a new residential complex on HaAliya HaShniya Street in Bat Galim. Instead of eight housing buildings from the 1950s, about 800 housing units, 5,000 sqm of commercial space, and 1,500 sqm for public buildings will be built. The plan also allows for doubling the area of the "HaAliya" school.

Following a recent court ruling that created uncertainty in the industry, the Ministry of Justice and the Urban Renewal Authority have published a framework that will allow real estate developers to offer tenants different compensation in Pinui-Binui and TAMA 38 projects. What do real estate experts think of the proposed framework?

Building renewal is one of the most important ways to increase housing supply. After examining the situation in Tel Aviv, we checked which companies dominate in the other two largest cities — Haifa and Jerusalem.

The Ministry of Justice and the Urban Renewal Authority have published a framework that will allow real estate developers to offer tenants different compensation in Pinui-Binui and TAMA 38 projects. The document was written following a recent court ruling that created immense uncertainty in the industry.

The Government Authority for Urban Renewal has announced a new call for proposals to subsidize 'pinui-binui' projects in Ashkelon. The state is investing significant funds to ensure the implementation of projects that are not otherwise economically viable.

This is a project on Ahad Ha'Am Street in the city. As part of the initiative, two old 4-story buildings were demolished in preparation for the construction of two new 8-story buildings with 42 housing units above an underground parking lot.

The house, in the Neve Amal neighborhood, was built in the fifties and sold for 3.8 million shekels. Prices for new cottages in the neighborhood range between 6 and 7 million shekels.

Construction costs have surged by 20%, stalling urban renewal projects in Israel. Before signing any documents under pressure, follow these professional negotiation rules from real estate appraiser Shmulik Cohen.

The government budget is intended to bridge the economic gap in 'pinui-binui' (evacuation-construction) complexes that are not profitable under market conditions, and to enable developers to move from planning to execution — subject to approvals and a tender.

Raul Sarugo and Ampa signed an agreement for the acquisition of his construction company, which holds rights to 6 urban renewal projects expected to include about 1,400 new housing units.