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Urban Renewal in Tel Aviv: 70% of New Homes Planned

12/4/2025

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Summary

Story summary

Ron Chen, CEO of City People, highlighted urban renewal's significance in Israel at the Mind the Tech Berlin 2025 conference.
He noted that 70% of new construction in Tel Aviv will prioritize urban renewal, adding tens of thousands of homes within existing areas.
Chen described this strategy as a national necessity for safer, modern living spaces without city expansion.
City People has launched 53 projects, aiming to create over 5,000 homes and generate 12.3 billion shekels in revenue.

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Story summary

Ron Chen, CEO of City People, highlighted urban renewal's significance in Israel at the Mind the Tech Berlin 2025 conference.
He noted that 70% of new construction in Tel Aviv will prioritize urban renewal, adding tens of thousands of homes within existing areas.
Chen described this strategy as a national necessity for safer, modern living spaces without city expansion.
City People has launched 53 projects, aiming to create over 5,000 homes and generate 12.3 billion shekels in revenue.