Nakano Sun Plaza to be redeveloped by 2028
Nakano Sun Plaza, a 48-year old hotel and concert building in Tokyo’s Nakano ward, will be demolished in 2024 and replaced with a new mixed-use building by 2028. The 181 billion Yen (approx. 1.7 billion USD) project will include a 235-meter tall mixed-use office and residential tower with a concert hall and hotel on the lower floors.
Quick real estate news summary for the week
Sapporo’s oldest capsule hotel closes, apartment rents hit a record high, and Keio Plaza Hotel to offer monthly stays. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
Quick real estate news summary for the week
Wynn Resorts backs out of Yokohama casino bid, Imperial Hotel to offer serviced apartments, and Niigata ski field closes permanently. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
Quick real estate news summary for the week
Tokyo’s office vacancy rate reaches 4.49%, 693-room hotel to be built in Roppongi, while other hotels temporarily close. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
Quick real estate news summary for the week
Saitama tops net inflow of residents, Hotel Grand Palace to suspend operations, and rental brokerages see drop in transactions. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
Kyoto sells hotel development site near Nijo Castle
Kyoto City is selling a 3,000 sqm site on the northern side of Nijo Castle to real estate developer Open House Co., Ltd. The developer is planning to open a low-rise hotel in 2024.
Azumi Setoda ryokan to open in March 2021
A new hotelier has entered the boutique ryokan space in Japan, with their first project in the Setouchi Region to open in March 2021. Azumi Setoda is the first of the Azumi hotel projects - a hotel brand established by Adrian Zecha, founder of Aman, and Kyoto-based hospitality group Naru Developments.