Honda announces partial sale of Aoyama HQ
Honda Motor is transferring partial ownership of its Honda Aoyama Building to Mitsui Fudosan Residential, according to a press release issued by the developer on August 29.
The 17-story building sits on a prominent corner above Aoyama Itchome Station and alongside Aoyama Street. It is currently slated for redevelopment with demolition to start shortly, with the new project to be completed by 2030.Read more
Redevelopment plans announced for Grand Prince Hotel Shin Takanawa
On June 6, Seibu Real Estate released details on the redevelopment plans for the Grand Prince Hotel Shin Takanawa on the western side of Shinagawa Station in Tokyo. This is a joint venture involving Seibu, Tokyu Land Corporation, the Urban Renaissance Agency, and the Takanawa 3 Chome Shinagawa Station Front Town Redevelopment Committee.Read more
180m tall office tower completed in Toranomon
Construction of Toranomon Alcea Tower was officially completed on February 14, though tenant move-ins are expected to begin towards the end of the year. The 38-story office building was built on the former site of Toranomon Hospital, which was recently rebuilt next-door as part of a larger block redevelopment.Read more
Imperial Theatre redevelopment plans announced
Details on the redevelopment of the Imperial Theatre in Tokyo’s Marunouchi district were announced last month. The 59-year old theatre will be replaced with a 155-meter tall, 29-story mixed-use tower. This is a joint venture between Mitsubishi Estate, Toho Co., and the Idemitsu Museum of Arts foundation.Read more
30% of developers postponing building redevelopment projects, survey says
Amid rising material costs and a shortage of labour in the construction industry, over 30% of Build To Rent-type developers are reportedly delaying or revising redevelopment plans for older buildings. This finding comes from a report published by the Development Bank of Japan (DBJ) on November 29.Read more
Demolition to start on Shibuya 2 Chome multi-block project site
The Shibuya 2 Chome West District Redevelopment project will kick off in a few months. This project includes National Strategic Housing, giving it a boost to its floor-area ratio. The overall project, covering blocks A, B, and C, covers a total site of 18,800 m2, and includes a small retail space, along with residential and office towers with a GFA of 322,200 m2.Read more
Sapporo skyscraper to shrink as project costs skyrocket
The Hokkaido Railway Company (aka JR Hokkaido) is revising its plans for a skyscraper in front of Sapporo Station. Rising construction costs have seen the estimated project budget to reach the mid-300 billion Yen (US$2 billion) range, 100 billion Yen more than anticipated.Read more