Aura Investments Ltd. announced that it has been awarded the rights to build the urban renewal project at 4-8 Ahimeir St. in the Ramat Aviv Gimmel neighborhood in North Tel Aviv. In implementing the new urban renewal project, Aura will demolish the three existing buildings and replace them with three 18-story buildings with 290 apartments.

Each apartment will be 25 square meters larger than the existing units and have sun balconies. The buildings will have underground parking, and public areas with a swimming pool and fitness room.