On March 24, Tokyo Tatemono announced that a city planning decision had been made for the Shibuya 2 Chome Project. Nicknamed the Shibuya Regeneration Project, it spans three large blocks just east of Shibuya Station, with a total lot size of 2.9 hectares.
The centerpiece will be a 208m, 41-story tall office/hotel/retail tower on Block B. This block currently includes several older buildings such as the Okazaki Building (c1961), Mizuho Information & Research Institute Shibuya Office (c1975), the Aioi Nissay Dowa Insurance Shibuya Building (c1979), and the Token International Building (c1972).
Across the street, the Daiwa Shibuya Miyamasuzaka Building (c1988) with an ENEOS fuel station on the ground floor will be demolished and replaced with a 175m, 41-story tall apartment building. A third building will be a 50m tall, 5-story retail building with a total floor area of 1,700 sqm.
This joins several large redevelopments around the Miyamasuzaka district that are seeing it rapidly transform from an older office area with numerous buildings into several major high-rises. The first of those was the 180m tall Shibuya Hikarie building completed in 2012. Behind Hikarie, the 15-story Miyamasuzaka Building was completed in 2020. This was the redevelopment of the Miyamasuzaka Apaato (c1953), Japan’s first high-rise condominium. Also behind Hikarie is the former Shionogi Shibuya Building (c1980), a 13-story office building designed by Sakakura Associates architects and engineers. Demolition started in 2020 with a 120m tall, 23-story office tower to be completed by 2024.
The Shibuya Regeneration Project is still a few years away from starting, with construction tentatively scheduled to begin from 2025 onwards and completion around 2029. The formation of a redevelopment committee is expected to take place this year.
Source: Ryutsu News, March 25, 2022.
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