100 billion Yen redevelopment project for Toyosu area
Mitsui Fudosan will be embarking on a large-scale redevelopment of Koto-ku's Toyosu area from next year. The 100 billion Yen (1.3 billion USD) project on one of Tokyo Bay's reclaimed islands will cover a 47,400 sqm site. The project will include two high-rise office buildings (31 and 22 stories) as well as retail facilities. Due to the nature of the site, measures will be taken to strengthen the ground against liquefaction and the building will be built using "seishin" (vibration-control) construction. Completion is scheduled for 2016 and Mitsui Fudosan will be contributing 90 billion Yen in capital.Read more
Hokkaido announces new construction plans for their Tokyo Office
Hokkaido Prefecture's aging office building in Tokyo's Nagatacho 2 Chome area is going to be demolished to make way for their new mixed-use development. The new building will include a restaurant specializing in Hokkaido-farmed produce and will also house representative offices of Hokkaido companies.
Construction is scheduled to begin in June, 2012, and is expected to open in September, 2013. The new 7-storey building will have a total floorspace of 6700 sqm (72,092 sqft) and the land, which is owned by Hokkaido Prefecture, will be leased to the developers under a 70-year fixed term leasehold agreement.Read more
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
For Sale: 3 buildings owned by Japan Tobacco
Japan Tobacco have recently put three of their buildings in central Tokyo up for public sale and are currently accepting bids. The properties for sale are:
- Roppongi Arents (Residential)
- JT Ebisu Minami Building (Commercial)
- Alive Nanpeidai II Building (Commercial)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