Ginza ryotei restaurant to be demolished
A major developer has acquired a traditional ryotei restaurant building in Ginza with plans to demolish it and replace it with an office tower.
Nakagin Capsule Tower to be demolished from March 2022
The iconic Nakagin Capsule Tower in Ginza, designed by the late and great Kisho Kurokawa, will reportedly be demolished from March 2022. After years of disagreement, the capsules owners decided to sell the 49-year old condo-style apartment building to a real estate company this spring. That company will demolish it and build something new in its place.
Quick real estate news summary for the week
Real estate developer to offer vaccines to tenants, office vacancy rate hits 5.90%, and eruption hazard map for Mt. Fuji gets an update. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
Luxury senior residence for Nishiazabu
Mitsui Fudosan Residential has started construction on a high-rise senior residence building on the site of the former Novartis Headquarters in Nishiazabu, Tokyo. This will be the largest senior residence in Minato ward. Construction began on May 31, 2021 and completion is expected in mid-2024.
Mansion Kyoto Shirokanedai to be redeveloped
A 50-year old apartment building in Tokyo’s Shirokanedai neighborhood will be redeveloped by Hankyu Hanshin Properties. The owners association of the 65-unit building, along with Hankyu, have received an additional floor-area ratio (FAR) allowance from Minato Ward under the condominium redevelopment act.
Quick real estate news summary for the week
29 apartments foreclosed in high-rise tower, Osaka and Tokyo rank high on global livability, and Sapporo to sell Ebisu office building. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
Tokyo Apartment Sales in May 2021
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of May 2021: