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
Hokkaido to sell Taisho era building
The Hokkaido prefectural government are looking for a buyer for the historic Archives of Hokkaido Annex Building in Sapporo City.
Built in 1926, the Taisho era building was designed by architect Atsumasa Hagiawara and built in the Vienna Secession style of architecture which was popular at the time. It is located to the south of the main Archives building, which was built in 1888 and used as the Hokkaido Government Office.Read more
Matsuzakaya Ginza Department Store to close after 89 years
The Matsuzakaya Ginza Department Store will close its doors on June 30 as the site it occupies is going to be redeveloped.
The department store opened in Ginza the year following the Great Kanto earthquake of 1923, and is the oldest department store in the famed shopping district. At the height of Japan's bubble in 1990, annual sales reached 54 billion Yen. However, revenues began to drop due to growing competition from other department stores, including Mitsukoshi, Matsuya and Printemps Ginza, and an influx of fast fashion retailers. By 2013, sales were down to 10.2 billion Yen. Read more
Kengo Kuma to design new Shibuya Station area
On June 17, Tokyu Corporation and JR announced that internationally renowned architectural firm Kengo Kuma and Associates will be designing part of the new Shibuya Station area redevelopment.Read more