1930s building in Shimbashi to be converted into share offices

An 88-year old heritage-listed building in Shimbashi is being converted by construction giant Takenaka Corporation into a share office for start-ups.

Hori Building was built in 1932 as the headquarters of Hori Locks & Builders’ Hardware, a company that was founded in 1891 and still owns this building today. The 4-story reinforced concrete building was designed by Masatsugu Kobayashi (1890-1980) and his brother. The lower floors were originally used as showrooms and office space, with a private residence located on the top floor. That residence once had Japanese-style tatami and western-style rooms along with a grand fireplace. The building has a total floor area of 875 sqm and sits on 192 sqm of land near Shimbashi Station.

Historic buildings are generally more costly to maintain than newer construction, and the argument for preservation can be difficult when the owner is struggling to afford the upkeep and property taxes. The key to preservation lies with buildings that offer some kind of revenue potential, be it through leasing or converting into a hotel or other commercial space. There are several recent examples of this in Tokyo, including the former Yamaguchi Residence (c1927) and the recently-opened Hotel K5 (c1923).

The owner, a descendent of the original Hori founder, has entered into a master lease agreement with Takenaka that will see gooddays Holdings operate the share office through their subsidiary goodroom co., ltd. 

The share office will open in April 2021.

Location

2-5-2 Shimbashi, Minato-ku, Tokyo

Source: gooddays Holdings Press Release, December 8, 2020.

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