Luxury resort planned for Miura Peninsula in 2024
On May 12, Keikyu Corporation announced its area management plans for the Miura Peninsula in Kanagawa Prefecture. This includes a luxury resort for Jogashima Island.
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.
Former Hotel Pacific to be demolished
The mixed-use and oddly-named Shinagawa Goos building on the western side of Shinagawa Station officially closed its doors on March 31, ending 50-years of operations.
Osaka’s One Dojima Project to include Four Seasons Hotel
Tokyo Tatemono and Hotel Properties Limited are developing a 195-meter tall, 49-story mixed condominium and hotel high-rise just south of the Osaka / Umeda Station district. This will be the first high-rise development in Japan to have both the Four Seasons Hotel and a condominium in the same building.
Quick real estate news summary for the week
Shibuya office building sells for 6 billion Yen, Hilton to open in Miyakojima, Hankyu closes hotels, and Gifu and Mie both to see largest condo projects in history. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
Plans released for Akasaka Station redevelopment
On March 14, detailed plans for the redevelopment of the Kokusai Shin-Akasaka Buildings were released. The Akasaka 2, 6 Chome District project will see two towers of 230 meters and 110 meters tall.