Apartment redevelopment law may be further revised
The Ministry of Land, Infrastructure, Transport, and Tourism (MLIT) is considering a further expansion of allowances to encourage the redevelopment of old condominium buildings. Under current legislation, if at least 80% of owners agree, a building that does not meet current earthquake codes can be sold off to a developer. The MLIT may extend the 80% vote to include buildings that have deteriorated exteriors and old plumbing.
Luxury apartments planned for historic art deco building
Real estate developer Mitsui Fudosan Residential is planning a large-scale, luxury apartment project for the former Tokyo Service Center building in central Tokyo.
Resort plans shelved after 50 years
After half a century of sitting idle, city plans for a 174-hectare resort in Himeji will officially be shelved at the end of this month. The sprawling waterfront resort was going to have a marina, aquarium, hotel, shopping mall, 500 homes, and 3,600 apartments.
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.
Toho Twin Tower to be redeveloped
On June 25, film studio Toho announced plans to redevelop the Toho Twin Tower building in Yurakucho, Tokyo. Construction giant Takenaka Corporation will be in charge of planning and construction.
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.
Town planning decision for 200m tall tower in Nishiazabu
A town planning decision has been made for the Nishiazabu 3 Chome North-East District Redevelopment. The project will see a 200 meter tall mixed-use tower with residences, office, retail and a hotel. Construction is scheduled to start in 2020 2022 2023 with completion tentatively scheduled for 2025 2026 2028.