53-storey hotel and residential complex for Nishiazabu
Redevelopment discussions are moving forward for a prime site located directly across the street from Roppongi Hills. Although details are still under discussion, the project could be a mixed-use tower containing a 100-room hotel and 370 rental and condominium-type apartments.
According to a 2015 Investor Relations publication by Nomura Real Estate, the development may include a 53-storey tower with construction scheduled to start in 2018 and be completed by as early as 2022. It is possible that government allowances could result in a taller building than previously proposed.Read more
58-storey residential tower and hotel planned for downtown Yokohama
Mitsui Fudosan Residential, Marubeni and Mori Building have announced plans for a 58-storey hotel and condominium for downtown Yokohama. The 199.95m tall tower will contain approximately 1,200 apartments, with a hotel occupying several of the upper floors. Construction is scheduled to start in October 2016, with completion by January 2020. This will be the largest residential project over 100 meters tall in Yokohama since 2000.Read more
Nakagin Capsule Tower to undergo earthquake-resistant inspection
The results of an earthquake-resistant inspection could soon determine the fate of Ginza’s Nakagin Capsule Tower.
At an owner’s association meeting in early December 2015, the majority voted in favour of carrying out an earthquake-resistance inspection to determine the structural integrity of the building. If the building does not meet earthquake codes, the owners will consider demolishing the 44-year old metabolist landmark.Read more
High-rise planned for Omotesando former public housing site
The Aoyama Kitamachi Apaato, a city-operated public housing complex located on a prime 40,000 sqm site in the centre of Omotesando, is going to be replaced with a 20-storey high-rise apartment building.
The current site includes 25 public housing blocks containing a total of 586 apartments. They were built between 1957 and 1968 and are now in various stages of ageing and deterioration. The 4 and 5 storey buildings do not have elevators, and some of the earlier buildings did not have bathrooms (in those days the residents would have gone to local bathhouses).
Since 2006, Tokyo City has been slowly vacating the tenants in preparation of redevelopment. Almost half of the apartments are vacant, while remaining residents gradually move out.
Demolition is scheduled to start in 2017, and completion is expected in time for the 2020 Summer Olympics.Read more
Kobe to redevelop No. 2 City Hall
Kobe City is considering demolishing and rebuilding the ageing No. 2 City Hall. Demolition could start as early as this year.
The No. 2 Building was completed in 1957. It originally had 8 floors, but the upper floors were removed after suffering catastrophic damage during the 1995 Great Hanshin Earthquake. The magnitude 7.3 earthquake caused the 6th floor of the building to collapse under the weight of the floors above. Rather than demolish the building, the 6th, 7th and 8th floors were removed, and the building went back into use from March 1996 onwards.Read more
Sports stadium and mall likely to replace old Tsukiji fish market
According to insiders at a major Japanese real estate company, a sports stadium and shopping mall are being considered as a replacement for the former Tsukiji fish market site in downtown Tokyo.
The famous 80-year old fish market is scheduled to move to its new location on Shin-Toyosu Island in Tokyo Bay in early November 2016, leaving a 23 hectare site prime for redevelopment. The outer market, which has retail and restaurants catering to the general public, will remain in its current location, while the wholesale market will move to a much larger site in Shin-Toyosu.Read more
Redevelopment voting ratios may be revised down to 2/3rds
The government is considering revising the redevelopment voting ratio downwards for apartment buildings that form part of urban redevelopment projects.
Under the Urban Renewal Act, 100% of apartment owners must agree, in principle, before the building can be redeveloped. The government wants to reduce this ratio to a 2/3rd vote in favour, but only when the redevelopment includes some public component such as a park.
The revision will target the large-scale housing developments that were built during Japan’s period of rapid economic growth following WWII, and which are now in varying stages of deterioration. Residents, too, are ageing and it is hoped that new apartment buildings will attract younger families.Read more