Last week, the Almog Group held a festive demolition event as part of the urban renewal project “Almog Corner Garden” in the heart of Ramat Gan. The event took place in the presence of company representatives and the existing apartment owners and their families.
The project is located at the corner of Rosh Pina Street and Metula in the city center and is being executed under the TAMA 38/2 format - demolition and reconstruction. During the process, a four-story old railway building with 20 apartments was demolished, and in its place, two eight-story boutique buildings will be constructed above three levels of underground parking, comprising a total of 46 new apartments.
Yaki Amsalem, CEO of the Almog Group, said at the event: “This is a happy and exciting day that concludes a decade of hard and intensive work. One can say that the hard part is behind us, and now it is time to start building. I want to congratulate everyone who participated in the process, and especially the residents, who will enjoy a high quality of life in new and safe buildings.”
What Will the Apartment Owners Receive?
Under the agreement, the 20 existing apartment owners will receive an additional 11 square meters to their apartment area, in addition to a 10-square-meter balcony and an adjacent parking space. Attorney Michal Liban-Kobi represented the residents, and the developer company was assisted by attorneys Barak Peri, Roi Nir, and intern Orian Asher from the real estate department of EBN - Erdinast, Ben Natan, and Tolidano.
The project, designed by the architectural firm “HaHeder,” features a modern design and a varied apartment mix - from three to five rooms, alongside garden apartments and penthouses. Marketing has already begun, and six apartments have been sold so far. A three-room apartment of approximately 67 square meters with a balcony of about 10 square meters is offered starting at NIS 2,290,000.