The Parkhouse Harumi Towers sees a surge in interest following Olympics announcement
The sales office at The Parkhouse Harumi Towers was abuzz with activity on Sunday after it was announced that Tokyo was chosen to host the 2020 Summer Olympics. The twin high-rise condominiums are located on the same island in Tokyo Bay that will be the site of the Athletes Village.
On a normal weekend, the sales office receives around 30 visitors, and make 4 or 5 sales. On Sunday, however, as many as 60 people visited the showroom and 10 purchase agreements were signed.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.
Mgmt association seeks to ban owner from using apartment as sharehouse
The management association of an apartment building in Azabu Juban have filed a request with the Tokyo District Court to ban a real estate company from operating an 8-room share house out of one of the apartments.
The association believes that the share house configuration violates the condominium ownership law and building standards act.Read more
TEPCO sells Ginza building for 23.4 billion Yen
The Tokyo Electric Power Company (TEPCO) have sold a building and land in Ginza 3 Chome to the Yomiuri Shimbun newspaper company for 23.455 billion Yen (240 million USD).Read more
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