Mori Trust announces plans for high-rise office and hotel in Toranomon
On October 23, Mori Trust announced plans for a 180m mixed-use building for the former Toranomon Pastoral building site in Toranomon 4 Chome.
The 36-storey building will contain a hotel, serviced apartments, office and retail space. Construction is scheduled to begin in 2015 with completion by 2018. The new building will be approximately 500 meters from the proposed new station along the Hibiya Line.Read more
Major redevelopment planned for Yaesu district
In 2015, Mitsui Fudosan and Tokyo Tatemono will begin several large-scale redevelopment projects for the Yaesu district to the east of Tokyo Station. The project will include three buildings containing apartments, offices, retail space, education and cultural facilities.
Planning approval is expected to be announced next year. It is anticipated that the project will qualify for an allowance to the floor space index, which would a total floor area up to 1 million sqm (10.7 million sqft).
One of the features will be an underground bus terminal. While the Marunouchi district to the west of Tokyo Station has seen some very large redevelopment projects over the past few years, the Yaesu area has been lagging behind. The bus terminal currently located at the Yaesu Exit at Tokyo Station is relatively inconvenient, especially for passengers transferring to trains. By locating the terminal underground, it will offer direct access to the underground station area.Read more
Signs of life for vacant site between Daikanyama and Nakameguro
The large and vacant plot of land located between Daikanyama and Nakameguro may finally see some activity as the Tokyo Metropolitan Government and Meguro Ward have announced that they are seeking tenders from developers for the 8,500 sqm site.
The land was previously the site of lodgings for the Japanese National Railway Settlement Corporation (JNRSC). The property was acquired by the Tokyo Government and Meguro Ward in 1995 for approximately 6.4 billion Yen. Initial plans were for an aged-care facility and public housing.Read more
Foretseine Akasaka Hinokizaka to go on sale next month
Mori Trust will begin sales of apartments in their latest luxury development - Foretseine Akasaka Hinokizaka - at the end of November, with most apartments priced in the 300 million Yen range.
41 of the 54 apartments will be offered for sale with the remaining 13 going to the original landholder. Apartments range in size from 73.46 ~ 170.46 sqm and will be priced from around 110 ~ 470 million Yen.
The 7-storey building is located in an exclusive and historically high-priced area at the peak of Hinoki-zaka slope near Tokyo Midtown. It is next door to Proud Akasaka Hikawacho (2007; prices around 2,000,000 Yen/sqm) and across the street from Park Mansion Roppongi (2007; prices around 1,900,000 ~ 2,500,000 Yen/sqm).
Previews of the model room will start tomorrow (October 18). Read more
A new subway station for Toranomon
On October 14, Tokyo Metro and the Urban Renaissance Agency officially announced plans for a new subway stop along the Hibiya Line between Kasumigaseki and Kamiyacho Stations. The station will be located in the Toranomon district and will be just to the west of the recently completed Toranomon Hills.
Construction is scheduled to begin in 2015 with the new station expected to be open by the 2020 Tokyo Olympics, and an underground passageway to neighbouring buildings, including Toranomon Hills, ready by 2022.
The Toranomon area has been undergoing major redevelopment with new hotels, offices and residences. There are plans for a bus terminal to be located nearby the new station which could possibly serve as a transport link between the Olympic facilities in the bayside islands and central Tokyo.
This will be the newest station to be added to an existing subway line by Tokyo Metro since Tameike-Sanno Station was opened in 1997.
Sources:
NHK, October 14, 2014.
The Yomiuri Shimbun, October 15, 2014.
Hotel and office development for Tamachi Station area
Tokyo Gas, Mitsui Fudosan and Mitsubishi Jisho announced plans for the redevelopment of a 2.8 hectare site behind Tamachi Station in Minato-ku.
The TGMM Shibaura Project will include:
- Office Tower (A): 180m tall; 31 floors.
- Office Tower (B): 185m tall; 36 floors.
- Hotel: 65m tall; 9 floors.
- Welfare Center: 35m tall; 6 floors.
Construction is expected to start in 2015 and should be completed by 2019. Read more