Onsen, retail and event space planned for Shimokitazawa Station area
Odakyu Electric Railway has released their development plan for the newly freed space above the underground section of railway that runs between Yoyogi Uehara and Umegaoka Stations.
Multi-block redevelopment for Uchisaiwaicho
Three developers will soon embark on what is said to be the biggest post-Olympic redevelopment project in Tokyo. The redevelopment district includes the Imperial Hotel, NTT Hibiya Building, Mizuho Bank Uchisaiwaicho Building, and TEPCO Head Office Building.
Yokohama's modernist City Hall to be converted into hotel
A leading example of modernist architecture in downtown Yokohama will be preserved and incorporated into a large-scale office and hotel project.
Omotesando retail sells for 6.5 billion Yen
Takara Leben Real Estate Investment Corporation will pay 6.52 billion Yen (approx. 61 million USD) to acquire the trust beneficiary rights to the Almost Blue retail building in Omotesando. The sale is expected to take place this month.
Mitsui announces plans for US$10-billion ‘Greater Nihonbashi’ redevelopment
On August 29, Mitsui Fudosan announced major redevelopment plans for a district alongside Nihonbashi river in downtown Tokyo. The project is expected to be completed somewhere between 2030 and 2040 and costs could run as high as 1 trillion Yen (approx. US$10 billion).
Foreign funds return with force in 2019
With ultra-low interest rates and one of the highest yield gaps in international cities, foreign funds are increasingly turning their attention towards real estate in Tokyo and the rest of Japan.
120m tall office tower for Shibuya Station area
A 120-meter tall office tower is planned for a site just behind the Shibuya Hikarie building in central Tokyo.