Yokosuka Uraga Resort

After sitting idle for almost 25 years, a large-scale resort/apartment complex may finally be built at the eastern side of the City Marina Velasis in Yokosuka. The 8 hectare site was once the Sumitomo Heavy Industries Kawama Factory and ship building yards.

In 1989, Sumitomo's SHI Resort Development planned to build a 700-unit resort condominium complex, but the collapse of the property bubble put their plans on indefinite hold. Sumitomo later sold the land and yacht harbour to Unimat. In 1993, approval was granted to built the Velasis Uraga apartment blocks which were completed in 2001. There were also plans to develop the eastern side, but construction stalled over 10 years ago and the land has remained vacant.

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