The ‘Ben Gurion’ project includes the demolition of approximately 528 old housing units and the construction of approximately 2,150 new housing units, as well as 416 housing units will be strengthened with the addition of a storage room and a balcony in a sub-complex intended for condensation and reinforcement. Commercial and approximately 5,700 square meters of office space, along with public buildings and areas for the benefit of the residents.
The project covers an area of about 150 dunams, between Yehuda Stein Street, Ben Gurion Boulevard, David Raziel Boulevard and AS. Levy in Ramla.
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Settlement training
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The project is expected to amount to NIS 3.3 billion, and the gross profit is expected to amount to NIS 450 million. The construction of Phase A of the project, which will include 270 apartments, is expected to begin during 2023.
Phase A of the ‘Ben Gurion’ project in Ramla is one of the 4 projects included in the contract of training the settlement with the Menora-Mivtachim group. As part of the contracting of the settlement training and Menora, Menora will invest, as a co-invest, in the equity of the project, alongside the settlement training.
The company intends to start establishing Phase A of the project, which will include 270 apartments, in 2023
Daniel Nimrodi, CEO of the new Yishuv, from the Yishuv Training Group: “The project in Ramla, now approved by BOTAML, enjoys a strategic location that includes high transportation accessibility, along with proximity to educational, leisure and cultural institutions. “We are working to get on the ground in favor of carrying out the first phase as early as 2023.”
The planner of the project is Bar Levy Architects, and the legal advisors are the law firm Gindi-Caspi.
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