Akasaka 1 Chome Redevelopment to begin in January
Nippon Steel Kowa Real Estate have received approval from the governor of Tokyo to convert the ownership rights as part of their Akasaka 1 Chome Redevelopment.
The 16,000 sqm site is adjacent to Tameikesanno Station and across the street from the US Embassy in Akasaka. The project was approved in August 2012.
Demolition of the existing buildings is expected to begin in January 2014 with construction starting in August. Completion is expected by April 2017.Read more
New development in Kachidoki to have over 3,000 apartments
The proposed Kachidoki East District Development on the man-made island of Kachidoki in Tokyo Bay will have over 3,000 apartments when completed, making it the largest residential project in Japan.
The development includes three residential towers with a total of 3,020 apartments. This will be larger in scale than the nearby 'The Tokyo Towers' which has 2,794 apartments. Read more
Shibuya City Office redevelopment confirmed
On September 10, an official decision was made to redevelop the Shibuya City Office and adjoining Shibuya Public Hall (C.C. Lemon Hall). The two buildings were completed in 1964, with the hall hosting the weight-lifting events at the 1964 Summer Olympics.
Demolition of the City Office will begin in 2015 and the new building should be completed by 2018. The building will be similar in scale to the existing ones. Part of the 12,500 sqm block will be converted to leasehold and may become the site of a future residential building.Read more
Apartment voting ratios under review
The government may soon introduce new measures to make it easier for old, ageing apartment buildings to be redeveloped. Currently, 100% of apartment owners must agree before their building can be demolished and the land sold, but this ratio may be reduced to 80%.
It is hoped that this will encourage the development of newer and more earthquake-resistant buildings which will improve the safety of neighbourhoods. It may also help to revitalise the real estate market.Read more
Pembroke to redevelop site opposite Tokyo Midtown
Pembroke Real Estate will soon be embarking on their first redevelopment project in Japan - a 14-storey retail/commercial building in Roppongi 7 Chome. The site is in a prime position alongside Gaien-Higashi Dori Avenue and directly across from Tokyo Midtown.
The 4,000 sqm development site was originally several smaller parcels of land. Pembroke began purchasing the various buildings from around 2007 onwards. The site temporarily housed the 'Mercedes Benz Connection' concept showroom and is located next door to a building housing the headquarters of the Inakawa-gai yakuza group.
1420-unit apartment building for Kachidoki
Construction of a 53-storey high-rise condominium in Kachidoki will officially begin on September 1st. The residential tower will contain 1,420 apartments, making it the second largest apartment building in Japan (based on the total number of apartments in one building).
The Kachidoki 5 Chome Redevelopment project (which has since been named 'Kachidoki The Tower' includes a 179 meter tall Y-shaped residential tower, along with two low-rise buildings. The lower floors will contain local government facilities and retail space. The building is scheduled to be completed in early 2016. The total project cost is 66.4 billion Yen (approximately 680 million USD).Read more
60-storey apartment building for Nishi-Shinjuku
A new high-rise apartment building is planned for Nishi Shinjuku. At 60-storeys, it will be the tallest apartment building in Japan (based on the number of floors). Construction work is set to begin in January 2014, with completion scheduled for 2017.
The Nishi Shinjuku 5 Chome Centre North District redevelopment site was originally a densely crowded neighbourhood of wooden houses. The area posed a fire and safety hazard and many of the older homes were not earthquake resistant. Of the 92 low-rise buildings to be demolished, 83 (92%) were not fireproof.
Local residents, wanting to redevelop their neighbourhood, banded together in 1997 to form a redevelopment association to hasten the development of the area.Read more