Shibuya Station area redevelopment to include residential component
Details of the Shibuya Station Sakuragaoka Entrance Redevelopment were recently made announced. As part of the major redevelopment of the Shibuya Station redevelopment, the Sakuragaoka Entrance Redevelopment located to the south-west side of the station will include two office buildings and a 32-storey mixed-use residential/commercial building. Read more
British Govt to return 20% of Tokyo Embassy land to Japan
The British Embassy in Tokyo is going to become a little smaller next year as the British government has decided to return a portion of the land.
The embassy is sprawled across a 35,000 sqm (376,600 sqft) estate just west of the Imperial Castle in Chiyoda-ku. The land has been leased by the British government since 1872. The US and Spain are the only other countries that lease their embassy land in Tokyo from the Japanese government.
Large-scale resort/apartment complex planned for Yokosuka
After sitting idle for almost 25 years, a large-scale resort/apartment complex may finally be built at the eastern side of the City Marina Velasis in Yokosuka. The 8 hectare site was once the Sumitomo Heavy Industries Kawama Factory and ship building yards.
In 1989, Sumitomo's SHI Resort Development planned to build a 700-unit resort condominium complex, but the collapse of the property bubble put their plans on indefinite hold. Sumitomo later sold the land and yacht harbour to Unimat. In 1993, approval was granted to built the Velasis Uraga apartment blocks which were completed in 2001. There were also plans to develop the eastern side, but construction stalled over 10 years ago and the land has remained vacant.Read more
The latest revision to earthquake-retrofitting laws and what it means for old apartments
The revision to the law to promote earthquake-resistant repairs to buildings went into effect on November 25. This revision obligates the owners of large-scale buildings such as hotels and other institutions to undertake earthquake-resistant building inspections, of which the results will be made public. It also applies to buildings alongside designated major roads. In the event of a major earthquake, there is a risk that older, unsafe buildings could topple onto roads and block access for emergency service vehicles.
So what does this mean for apartments in ageing buildings?Read more
Former Taiyo Dept Store in Kumamoto to be demolished
The Daiei Kumamoto Shimotori Store (formerly the Taiyo Department Store) in Kumamoto City will be demolished next year. The building was the scene of a devastating fire in 1973 that killed 104 people and injured 120.
The 60 year old building opened in 1952 as the Taiyo Department Store. In its early days it was considered the best store in the city.
The store was closed for the next two years following the fire as the building underwent repairs. When it finally re-opened, 120,000 people visited on the opening day. However, the store never fully recovered from the incident and went bankrupt a year later.