A town planning decision for the Nishi Shinjuku 3 Chome West District Redevelopment is expected sometime in February or March 2019. The project includes two high-rise residential towers containing approximately 3,200 apartments, which would make it the largest twin-tower development in Japan based on total floor size and unit count.
If approved, the 200 billion Yen (approx. 1.8 billion USD) project could start construction in 2022 with completion by around 2030. The 4.8 hectare project site is located across the street from Shinjuku’s Park Hyatt hotel and just south of Shinjuku Central Park. Nomura Real Estate, Tokyo Tatemono, Sumitomo Corporation, Maeda Corporation and Greater Tokyo Funenkousha are taking part in the planning of the development.
There will be two 235m tall, 65-storey apartment buildings with a total floor area of 385,000 sqm (approx. 4.1 million sq.ft), along with retail on the lower floors. There are 540 land owners in the redevelopment district.
Redevelopment discussions began as early as 1993. Plans have changed several times over the years with a previous plan for four towers, including a 339m tall, 77-storey office tower and two 245m tall, 66-storey apartment towers to be completed by 2010. The global financial crisis saw this plan shelved. Currently, the tallest apartment building in Japan based on floor count is the nearby The Parkhouse Nishi Shinjuku Tower 60, which is 208 meters tall and completed in 2017.
Source: The Kensetsu Tsushin Shimbun, June 26, 2018.