Akasaka Prince Hotel Redevelopment Plans Announced
Due to aging, increasing maintenance and competition from foreign-owned hotels, the Grand Prince Hotel Akasaka will close in March, 2011 and will be demolished. Of the three buildings on the site, the oldest building dating from 1930 will be kept.
The current 139m 40-storey hotel was designed by Kenzo Tange and opened in 1983. It was hugely popular during the bubble, but lack of adequate maintenance and the introduction of foreign hotels to the market in the last decade has greatly reduced its appeal.Read more
[Foreclosed] Villa Resina
This apartment block was initially built as a company dormitory for employees of the Kansai Electric Power Company.
Earlier this year it was listed for 1.3 billion JPY but it seems like they could not find a buyer in time. The current court evaluation is 573,000,000 JPY.
For Sale: 3 buildings owned by Japan Tobacco
Japan Tobacco have recently put three of their buildings in central Tokyo up for public sale and are currently accepting bids. The properties for sale are:
- Roppongi Arents (Residential)
- JT Ebisu Minami Building (Commercial)
- Alive Nanpeidai II Building (Commercial)Read more
The Omotesando Project
Located at the Harajuku crossing and between the JR Railway lines and Co-Op Olympia, this 2,860sqm site has been sitting vacant for a few years now.
In August,2005, Raysum purchased the site and former building from Seibu Holdings and had plans for redevelopment. The total cost of the planned project was 40 billion JPY (an estimate from 2006 report). Construction was initially scheduled to start in April, 2007 and be completed by March, 2009.Read more