Imperial Hotel confirms Kyoto project
On May 12, the Imperial Hotel officially released plans for their luxury hotel project in Kyoto’s Gion district. This will be the fourth Imperial Hotel in Japan and the newest in almost three decades. It is also expected to be the most expensive of their hotels, with a level of service matching that of the Imperial Floors in their Tokyo hotel.
Former Mizuno HQ (c1927) to be demolished
On May 18, sporting company Mizuno Corporation announced plans to demolish their 94-year old former headquarters building in Osaka.
Quick real estate news summary for the week
880 million Yen to demolish an abandoned statue, Bauhaus residence to be torn down, and Tokyo has the 2nd highest commercial real estate volume in the world. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
Tokyo Department Store and Bunkamura to be redeveloped
Tokyu’s main department store and adjoining Bunkamura hall facility in Shibuya will be demolished in 2023 to make way for a new development.
Marunouchi’s first high-rise to be demolished
Another building by an iconic architect is destined for the wrecking ball. This time it is the first high-rise to have been built in the Marunouchi business district in front of Tokyo Station.
MUFG to rebuild Marunouchi HQ
MUFG Bank is planning to redevelop their headquarter building in Tokyo’s Marunouchi district. Plans are expected to be firmed up by 2022 with a construction schedule to be announced at a later date.
Aoyama Asia Mansion being redeveloped
Asahi Kasei Realty & Residence Corporation and World Residential Co. are starting work on the redevelopment of the former Aoyama Asia Mansion in Shibuya this month. The 5-story, 60-year old condo was demolished in 2020 and will be replaced with a 14-story apartment tower.