Plan to Expand Ramat Gan Diamond Exchange District

A new plan to more than double the size of the Ramat Gan Diamond Exchange business district will be submitted for approval at the Local Planning and Building Committee on Sunday, according to Globes.

The project envisions expansion of the 750,000 square meter complex to 1.75 million square meters. Most of the area would be zoned for business, including about 1,000 hotel rooms.

The plan also calls for 250 long-term rental apartments, student dorms, business and commercial areas to go up in a plot owned by the municipality and Israel Land Authority, on the banks of the Ayalon River, in a parking lot near the Rogovin-Tidhar Tower.

Meanwhile, improvements in the Diamond Exchange area are already moving forward. Ahaliav St. has been renovated; work is nearing completion on Tuval St., and during the next year Harakon St. will also be renovated and converted into a pedestrian-only street, closed to vehicular traffic. These renovations are estimated at over NIS 30 million.

The project’s planning team includes the Diamond Exchange Administration, headed by Amnon Botz, the Ramat Gan Economic Development Company, headed by Stand-in Chairman Kobi Ben-Atar, City Engineer Aliza Seidler Granot and City Architect Sharon Sheffer.