shibuya-new-mitake-bldgAn aging residential/commercial building just minutes from Shibuya Station is about to be torn down and replaced with a 17 storey condominium. The current building was built in 1959 by the Tokyo Metropolitan Housing Supply Corporation. Due to its age (it is now over 50 years old) and deterioration, it was considered at risk from earthquakes.

Initial discussions to rebuild began in 1999. The planning and administration company, UG Toshi Kenchiku and Nippon Steel City Produce, were selected to head the project in 2004. The new building will be mixed use with commercial and retail on the first 3 floors, and residential units on floors 4 to 17. Nippon Steel City Produce has acquired the reserved floorspace which will be sold as residential units from Summer, 2011.

The Reconstruction Timeline:

– 1999: Formation of reconstruction committee
– 2003: Residents voted in favor of reconstruction
– 2004: Selection of planning and administration company (UG Toshi Kenchiku)
– 2008: Residents voted in favor of the new plans
– 2009: Approval of project by Tokyo Metropolitan Government
– 2010: Unanimous vote by residents regarding the plans to exchange ownership rights
– 2011, February: Construction starts
– 2011, Summer: Sales start on condominium units
– 2013, February: Completion

1-15-6 Shibuya, Shibuya-ku, Tokyo
Shibuya Sta. – 2 min walk

Current Building Details:
– Land: 2,640sqm (registered size)
– Building size: 5,640sqm
– Construction: 6 stories, Reinforced concrete (floors 1-2 are office, floors 3-6 are residential)
– Built: 1959
– Units: 40 residential units (average size of 58sqm)

New Building Plans:
– Building size: 26,720sqm
– Construction: 17 stories + 3 basements, Reinforced concrete
– Completion date: February, 2013
– Units: 196 residential units (sized between 33-113sqm)
– Planning & Administration Company: UG Toshi Kenchiku
– Construction Company: Kumagai Gumi Co., Ltd.

New Units to be sold:
– Seller: Nippon Steel City Produce, Inc
– Units: 129 (estimated)
– Sizes: 33-113sqm
– Type: Studio-3 Bedroom
– Sales commence from Summer, 2011 (estimated)

The old building