Shibuya Upper West Project Details Released
On July 21, Tokyu Corporation and L Catterton Real Estate (a US-based investment company) released details of their planned redevelopment of the Tokyu Department Store in Shibuya. The joint venture will see a 164.8-meter tall mixed-use high-rise containing retail, a small luxury hotel, and high-grade rental apartments.
Leasehold condos planned next to historic building in Tokyo
On June 30, sales began in a leasehold condominium located in Tokyo’s Jimbocho district. The 14-story building is next-door to the Toho Gakkai Institute of Eastern Culture. This modernist building was built in 1926 and is recognized by Chiyoda Ward as an important property for the district’s landscape design.
Apartments planned for Azabu-Nagasakacho
An 8-story block of apartments is planned in the wealthy and exclusive Azabu-Nagasakacho enclave in central Tokyo.
Redevelopment committee formed for Toranomon high-rise
On June 24, the Tokyo Governor approved the formation of the redevelopment committee for the Toranomon 1 Chome East District Project. This will see a 180-meter tall office tower built just in front of Toranomon Station.
Shibuya Marui department store to be rebuilt with wood
On May 27, Marui Group announced that the Shibuya Marui department store will temporarily close its doors on August 28 while the 51-year old building undergoes redevelopment.
Skyrocketing wood prices and making homes more expensive than ever
Building construction costs in Japan continue to grow as economic sanctions on Russia have caused wood imports to stall. Prices are rising so rapidly that some new homeowners are having to choose between paying more or losing a spare bedroom.
Yokohama now home to Japan's tallest all-wooden building
Japan’s tallest all-wooden building reached completion in Yokohama in March after two years of construction.