Ramat Gan (Tel Aviv), Israel
Ziegler Cooper is currently working with Azorim Investment, Development and Construction Ltd. on a design for a new residential tower to be located on the site of the old Elite factory by the Diamond Exchange in Ramat Gan. The 80-story tower will soon begin construction and when completed will become Israel’s tallest building and will be the tallest residential building in the Middle East, located at the nexus of three cities – Tel Aviv, Ramat Gan, and Givatayim. The tower will include apartments with a majority being two and three bedroom.
Azorim and a group of diamond merchants bought the 11-dunam (3.75-acre) lot in 2007 for $80 million from a US company, Crescent Heights. After many planning changes, the lot was divided into residential and office use. Ramat Gan city engineer Haim Cohen told “Globes” that the plan was critical for the city, because it will increase the housing supply in a high-demand area with good transportation access, including the future Tel Aviv Metropolitan Light Railway. Azorim will build the residential tower and the diamond merchants will build an office building, under a separate plan.