Redevelopment details for Meiji Jingu Stadium district
Details have come out for the large-scale future redevelopment of the Meiji Jingu Baseball Stadium and Prince Chichibu Memorial Rugby Stadium district in central Tokyo. The 17.4-hectare site straddles Minato and Shinjuku wards and adjoins the new Olympic Stadium.
New potential redevelopment plan announced for Shibuya Station area
On December 18, Tokyu Land announced the formation of a project agreement with the Next Shibuya Sakuragaoka District Town Area Redevelopment Preparation Committee.
Mitsubishi & TBS to redevelop office towers above Akasaka Station
On January 30, Mitsubishi Estate and Tokyo Broadcasting System Holdings (TBS) announced the formation of business agreement for the redevelopment of the Kokusai Shin-Akasaka Buildings (East, West and Annex). These office towers are located just above Akasaka Station and across the street from Akasaka Biz Tower and the TBS TV Studios.
Jingumae 6 Chome redevelopment gets city approval
On February 15 the Tokyo Metropolitan Government approved construction plans for the Jingumae 6 Chome district redevelopment. The site is located in a prime retail position at the corner of Omotesando Avenue and Meiji Dori Street and above the Meiji-jingumae subway station.
Tokyo World Gate tops out in Toranomon
Mori Trust’s ‘Tokyo World Gate’ project in Toranomon, Tokyo, topped out earlier this month. The 180-meter tall mixed-use tower is expected to open in March 2020, forming an important piece of Toranomon’s transformation into a global business hub.
Hotel Okura to replace South Wing annex with high-rise apartments and office
The last vestige of Hotel Okura’s modernist presence is in line to be demolished as redevelopment plans surface for the Hotel Okura Tokyo’s annex (South Wing).
Tokyo’s office vacancies hit 27-year low
The average office vacancy rate across central Tokyo’s main business districts dropped to the 1% range in November, according to office brokerage Miki Shoji. This is the lowest rate since the end of the bubble economy in 1991 which saw a vacancy rate of 1.79%.