Redevelopment plans are underway for the area on the western side of Shinbashi Station in Tokyo. On November 5, landowners decided in favour of a project to be led by Nomura Real Estate and NTT Urban Development with completion expected in 2023.
The proposed 3 hectare site adjoins Shinbashi Station and includes the SL Square and Sakurada Park. One of the buildings to be redeveloped is the New Shimbashi Building, which contains approximately 300 restaurants and stores. Despite the ‘New’ name, the 11-storey building was built in 1971.
PingMag has a write-up on the Showa-style Shotengai in the building’s basement here.
Current discussions suggest plans for two 120 ~ 130m tall buildings containing office, retail and residential space. The project is expected to cost approximately 100 billion Yen (856 million USD). Around 370 landowners are involved in the redevelopment, and Minato-ku, JR East and Tokyo Metro are also participating.
The Asahi Shimbun, November 5, 2014.
Ryutsu News, November 7, 2014.
2,735 total views, 2 views today