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
Cross Air Tower - 42 storey tower for Meguro-ku
Size range: 30.07 – 161.68sqm (320 – 1740 sqft)
Average Price: 1,164,000 Yen/sqm (1352 USD/sqft)
As part of the redevelopment of the Ohashi area, Cross Air Tower will incorporate both commercial and residential space. The 9th floor will have a public library, a Ward office for Meguro-ku and a health & welfare center.Read more
Strong demand for Nomura Proud Series of apartments
Nomura Real Estate Development's "Proud Series" of condominiums have seen strong sales and same-day sellouts for many of their buildings.
At the end of November, Proud City Akabane in Tokyo's Kita-ku had received purchase applications on all 214 units released for sale in the initial offering. The second offering will begin in early January. The apartment building is still under construction and completion is expected by the beginning of November, 2011. There are a total of 284 units priced from 41.3 - 108.8 million JPY and sized between 58.92 - 100.32 sqm.Read more
UT Building Project (Stalled & Foreclosed)
*Update: As of December, 2010, this building has been foreclosed on and is now up for public auction with a court evaluation price of 1,005,030,000 JPY (12 million USD).*
Located alongside Aoyama Dori Avenue, halfway between Omotesando and Shibuya Stations, this building has been 'under construction' for several years. Construction work stalled at least 2 years ago. Earlier last year there was a crane atop the building, but it has since been removed and there are no signs of life.Read more
TV Asahi to develop former Zaboo Onsen Site
TV Asahi acquired the Zaboo Onsen in July, 2010. An 18 storey office building with a total floorspace of 18,000sqm and an event hall will be built on the 3,769sqm site . Construction is scheduled to start in Summer, 2010 and should be completed by Fall 2013.Read more