Japan heritage site sells at auction for 35 million Yen
The historic Goto Textile factory in Gunma Prefecture was up for public foreclosure auction earlier this year and appears to have found a buyer.
Nakagin Capsule Tower to be demolished from March 2022
The iconic Nakagin Capsule Tower in Ginza, designed by the late and great Kisho Kurokawa, will reportedly be demolished from March 2022. After years of disagreement, the capsules owners decided to sell the 49-year old condo-style apartment building to a real estate company this spring. That company will demolish it and build something new in its place.
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.
Historic bank sells for 1.7 million Yen
Nanto City in Toyama Prefecture will be selling the 97-year old Inami Museum to a Tokyo-based real estate company for the grand total of 1,779,000 Yen (approx. US$16,000).
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.
Dentsu sells off estate including Frank Lloyd Wright-designed house
Advertising giant Dentsu Group is selling off two large estates in Tokyo and Kamakura for a combined 30 billion Yen (approx. US$271 million) to an undisclosed buyer. The Tokyo property includes one of just two surviving Frank Lloyd Wright-designed homes in Japan.