Kobe Jonas Residence to be purchased by energy company

The 94-year old Jonas Residence in Kobe may have been saved from demolition as a renewable energy company have entered into negotiations to purchase the property at the eleventh hour.

Earlier this year it was announced that the historic property would be demolished to make way for a 12-storey apartment building. Local preservationists sprung into action and convinced the owner/developer Anabuki Kosan to postpone demolition. Anabuki agreed that they would delay demolition until October, and would consider selling the property for 360 million Yen if a buyer was found by the end of September. Read more