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Ramat Gan New-Build Towers: Vertical City and More
Israeli Real Economy

Ramat Gan New-Build Towers: Vertical City and More

The Olam Editorial Team
The Olam Editorial Team
Editorial Team, led by Publisher Ronn Torossian
Aug 13, 2026, 8:44 AM EDT
Updated Oct 7, 2026

Ramat Gan new-build towers mapped: Vertical City's 72-floor residential tower, the planned 111-floor tower, Pisgat Dan, and 725 units filed in February 2026.

Ramat Gan's tallest project is Vertical City in the Bursa Triangle, where Israel Canada (56%), BSR (20%), and Clal Insurance (24%) are building a 72-floor residential tower, the tallest ever approved in Israel, with first occupancy targeted for 2030. A planned second phase would add a 111-floor office tower taller than any building in the country. February 2026 committee deposits added about 725 more units.

What is Vertical City in Ramat Gan?

Vertical City is a 12-dunam mixed-use complex in the Bursa (Stock Exchange) Triangle, next to the Diamond Exchange district. The consortium holds building permits granted in 2025 for a 72-floor residential tower, a 60-floor office tower, and an 8-floor commercial and public building, according to Israel Canada and Globes.

ItemDetail
ConsortiumIsrael Canada Group (TASE: ISCN) 56%, BSR Group 20%, Clal Insurance Enterprise Holdings (TASE: CLIS) 24%
Approved construction170,000 sqm of 340,000 sqm planned for the full complex
Program85,000 sqm of offices, 400 long-term rental units (about 35,000 sqm), and 350 student dormitory units
Parking6 underground levels with 900 public spaces, owned by the Ramat Gan Municipality, 4 levels leased to Vertical City
ArchitectsBareli Levitsky Kasif La Fontaine
LandBought from the Israel Land Authority in 2022 for NIS 936 million
Projected economicsAbout NIS 2 billion in revenue and about NIS 534 million in gross profit
Sales progress36% marketed as of Israel Canada's 2025 annual report
Construction stageEarthworks and foundation support, first occupancy targeted for 2030

Barak Rosen is the operating principal at Israel Canada.

What is the planned 111-floor Phase 2?

Phase 2 is a district plan (TABA) under review by the Tel Aviv District Committee that would add a 111-floor office tower, the tallest building of any type in Israel, a second 72-floor residential tower, and a 60-floor tower, for 354,000 sqm in total, according to Calcalist.

The plan extends the site to about 11 dunams by absorbing the Kern Bags building at 1-3 HaTa'as Street and relocates Shenkar College to a new campus after it leaves its 12-dunam site on Anne Frank Street. About 20% of the third tower would be residential.

Combination agreements with the HaTa'as Street rights-holders depend on TABA approval by December 2026. The plan also includes a 4,000 sqm roof park at 450 meters and projects 40,000 daily visitors at full operation.

Which towers and renewal projects are in the Ramat Gan pipeline?

Ramat Gan's named residential pipeline holds ten projects, from the Vertical City flagship to mid-scale pinui-binui blocks that supply most of the city's unit volume. The table lists each project with its developer and scale.

ProjectDeveloperScaleStatus
Vertical City Phase 1Israel Canada, BSR, Clal72-floor residential and 60-floor officeFoundations, occupancy 2030
Vertical City Phase 2Same consortium111-floor office, 72-floor residential, 60-floor towerTABA under review, December 2026 deadline
Pisgat Dan TowerDan Nadlan Urban Renewal40 floors, 193 apartments, 2,000 sqm commerce, MYS ArchitectsJabotinsky and HaYarkon, next to Yarkon Park and the Red Line
Nigba 52-56Pinui-binuiTwo towers of about 23 stories, about 210 units, replacing 66 families' homesFebruary 2026 deposit
Arlozorov 33-41Pinui-binuiMixed-use renewal in the historic Hashmonaim districtFebruary 2026 deposit
Jabotinsky 60-story towerPinui-binui60-floor residentialFebruary 2026 deposit
Hibat Zion ComplexMishab190 existing apartments to about 600Pinui-binui
Mishmar HaYardenMishab80 existing apartments to 224Pinui-binui
Karnitsi HaZeitimDan Nadlan73 apartments in two 10-story buildings, architect Shimi YaacobiLuxury renewal
Haruzim 16Ofek HoldingsPinui-binui, sold out before demolitionGroundbreaking mid-2026

Dan Nadlan manages about 35 projects with roughly 13,000 new apartments in its pipeline, per Dun's 100. Mishab has an urban-renewal track record of more than 700 populated apartments and a 5,000-unit forward inventory, and its Central Heights project in Givatayim adds 528 units in four towers.

What did the February 2026 committee deposits approve?

The Tel Aviv District Planning Committee deposited three Ramat Gan pinui-binui plans in February 2026 totaling about 725 new units: Nigba 52-56, Arlozorov 33-41, and a 60-story Jabotinsky tower. The committee required larger average apartment sizes and more retail and public space at Nigba, a sign that it is pushing better mid-density outcomes instead of maximum unit counts.

The Jabotinsky tower extends a shift on that road from mid-rise offices to 40- to 60-floor mixed-use residential towers that Pisgat Dan opened.

What did the February 2026 court ruling change?

A February 2026 Tel Aviv District Court ruling on a Ramat Gan pinui-binui building found that a uniform apartment addition was unfair to owners of much larger units, and ordered a balancing payment of about $38,000 to one owner. Israeli real estate media treated it as a challenge to the uniform-addition compensation model.

The ruling is narrower than the coverage suggested. The building had extreme size variance, with units from about 380 to more than 1,100 square feet, and every owner was offered the same 130-square-foot addition. An appeal to the Supreme Court remains open. The ruling changed developer diligence on size variance at the start of new deals, not the pace of committee deposits.

Why is Ramat Gan growing upward faster than other cities?

Ramat Gan has the highest residential density of any Israeli development market outside central Tel Aviv, and the municipality has backed the shift with the Israel Land Authority land sale, the Shenkar relocation, and the public parking in Vertical City. Developers should treat the December 2026 TABA decision as the key date for Phase 2 and underwrite pinui-binui projects against size-variance disputes.

Sources

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