An 8-story block of apartments is planned in the wealthy and exclusive Azabu-Nagasakacho enclave in central Tokyo.
This property was originally the guesthouse of The Bank of Tokyo. Built sometime around the early 1970s, it was a unique and extravagant building with a coach entrance and expansive gardens. In 1996 the Bank of Tokyo merged with Mitsubishi Bank to form what is now MUFG. The bank sold the 5,600 sqm property to Mitsubishi sometime last year, with the guesthouse demolished to make way for the new apartment building.
Given the esteemed and private location, it is very likely that these apartments will be designed for the luxury end of the market.
Completion is expected by September 2026.
About the Azabu Nagasakacho neighborhood:
In the Edo period, this tree-lined residential neighborhood was originally the estate of the Matsudaira clan of Iwami (now part of Shimane Prefecture).
Much of the Azabu Nagasakacho address is now owned by the Bridgestone family. Other notable current and former residents included the SoftBank CEO, the Sri Lankan ambassador, and the Secretary-General of the House of Councillors. There are just 257 people living in this address as of June 2022.
