Israel Diamond Exchange

ISRAEL DIAMOND EXCHANGE DISTRICT PLANS MAJOR EXPANSION

A plan to expand Ramat Gan’s Diamond Exchange business district, including business and commercial space, along with homes, hotels and student dorms, will come before the Local Planning and Building Committee next Sunday.

 

According to a report in Globes quoted by IDEX Online, the complex, which now measures 750,000 square meters, will be expanded to 1.75 million square meters under the plan, with the diamond exchange business district becoming more than twice as large. This will include 1.4 million square meters to be zoned for business, and extra space for commerce as well as about 1,000 hotel rooms.

 

There will also be 250 long-term rental apartments, student dorms, business and commercial areas constructed on a plot owned by the municipality and the Israel Land Authority.

 

The expansion area will be divided into four types of zones: a very-tall building complex, a tall building complex, a complex with dense construction of low buildings, and two ‘vacate and build’ complexes. Each complex has defined zoning (business, commerce, hotels, student dorms and public needs, or any mixture thereof), a building rights and height key and conditions for their realization.

 

High-rise buildings will be built at the Israel Diamond Exchange inner area, which includes small plots with low buildings, thereby clearing some of the space and enabling more efficient planning of the area.

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