Mid Tower Grand

Price when new: 50 ~ 265 million Yen (approx. 1,300,000 Yen/sqm)
Size range: 40.49 ~ 130.09 sqm (436 ~ 1,400 sq.ft)

Area: Tsukishima, Chuo-ku

 ABOUT

Sales began in July 2018.

Mid Tower Grand is a 32-storey high-rise apartment building located on the man-made island of Tsukishima in Tokyo Bay. Apartments over 100 sqm in size can only be found on floors 28 and above, and have an average price of around 1,800,000 Yen/sqm, about 40% more than smaller apartments.

This is a 30 billion Yen redevelopment project being lead by developers Marubeni, Mitsui Fudosan Residential and Taisei Construction. The building will contain 503 apartments, as well as retail space and a pachinko parlor. Demolition of the former buildings and construction work began in March 2017.

Completion is scheduled for January 2021 with apartments to be delivered to buyers from late March 2021.

The 7,000 sqm site is 120 meters from Tsukishima Station on the Oedo Subway Line. Capital Gate Place, a 53-storey high rise apartment building, is located on the western side, and the 32-storey, 110 meter tall I MARK Tower is located on the north-west side. Apartments in I MARK Tower have been re-selling for around 900,000 Yen/sqm, while those in Capital Gate Place have been selling at around 1,315,000 Yen/sqm. The difference in price may be due to the age difference between the buildings, as well as the station-connectivity and prestige of the Capital Gate Place project.

This location was previously home to a number of old, wooden terrace houses fronting onto tiny alleyways, which was very typical of Tsukishima’s former streetscape. The density, construction and poor road access creates a serious fire risk for these neighborhoods. Over 80 houses will be demolished to make way for this new project.

 LOCATION

Tsukishima 1 Chome, Chuo-ku, Tokyo

Tsukishima Station (Yurakucho, Oedo Lines) – 2 min walk

 BUILDING DETAILS
Completion: January 2021
No. of units: 503
Construction: 32 stories + 1 basement, Reinforced concrete
Construction Company: Taisei Kensetsu
Developers: Mitsui Fudosan Residential, Marubeni, Taisei Kensetsu
Carparking: 166 spaces (162 machine spaces and 4 flat spaces)
Land size: 5,883.19 sqm
Land ownership: Freehold
 IMAGES

 FLOOR PLANS
Type 109BSe / 3 Bedrooms, 1 Bathroom / 109.55 sqm (1,179 sq ft) (incl. 0.64 sqm trunkroom) + 27.01 sqm balcony.
Type 130As / 3 Bedrooms + 1 Bathroom / 130.09 sqm (1,400 sq ft) (incl. 0.64 sqm trunkroom) + 17.96 sqm balcony.
 APARTMENTS PREVIOUSLY LISTED FOR SALE


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