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. 

This content is available to paid subscribers only.

Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However, gathering and preparing this content takes hours and hours each week. By joining our monthly subscription service, you can access over 3,100 articles dating back 14 years. Best of all, you’ll be supporting us in our endeavor to continue to provide investors with on-the-ground, expert information.

To join our paid subscription service and access over 3,100 news articles on Japan's real estate market, please register here.

Already a paid member? Log-in using your details below.