Miyashita-cho Apartment site redevelopment tenders open to public
Tokyo City announced plans to redevelop 3 sites with a total size of 2.6 hectares just minutes from Shibuya Station. The 3 city-owned blocks of land include the 0.5 hectare site of the former Miyashita-cho Apartment block (Shibuya 1-23), a former school hall site of 0.4 hectares next to Mitake Park (Shibuya 1-18) and the 1.7 hectare site of the former Aoyama Hospital behind the UN University Bldg (Jingumae 5-53). Tenders will be open to the public from Summer, 2011.Read more
Nomura to rebuild two apartments in Shirokanedai
Nomura Real Estate Development announced that they have the tender to re-build two adjacent condominium apartments in Shirokanedai, Minato-ku.Read more
Azabudai Parkhouse (Leasehold)
Price when new: 65 - 840 million JPY
Size range: 45 - 325 sqm (484 - 3500 sqft)
Average price/sqm: 1,720,000 JPY
Note: This building in on leasehold land.
Azabudai Parkhouse has a 51 year fixed land lease - the land is leased from the Tokyo American Club. At the end of the lease, the building must be demolished and returned to the landowner.Read more
New Apartments in Tokyo in 2011
The following is a list of some of the residential apartments in central Tokyo that will be completed in 2011. Click on the links below for details on each unit.Read more
Akasaka Prince Hotel Redevelopment Plans Announced
Due to aging, increasing maintenance and competition from foreign-owned hotels, the Grand Prince Hotel Akasaka will close in March, 2011 and will be demolished. Of the three buildings on the site, the oldest building dating from 1930 will be kept.
The current 139m 40-storey hotel was designed by Kenzo Tange and opened in 1983. It was hugely popular during the bubble, but lack of adequate maintenance and the introduction of foreign hotels to the market in the last decade has greatly reduced its appeal.Read more
Tokyo Tatemono ties up with HSBC Premier
Tokyo Tatemono will be working together with HSBC to market new and second-hand apartments to wealthy foreigners primarily in Japan.
They will introduce the Brillia Series of apartments, as well as second-hand and investment properties to the Premier clients (those with savings and assets of over 10,000,000 JPY held with HSBC).Read more
The Omotesando Project
Located at the Harajuku crossing and between the JR Railway lines and Co-Op Olympia, this 2,860sqm site has been sitting vacant for a few years now.
In August,2005, Raysum purchased the site and former building from Seibu Holdings and had plans for redevelopment. The total cost of the planned project was 40 billion JPY (an estimate from 2006 report). Construction was initially scheduled to start in April, 2007 and be completed by March, 2009.Read more