Waldorf Astoria Hotels & Resorts is opening Japan’s first Waldorf-branded hotel in Tokyo in 2026. The hotel will occupy the 39th ~ 47th floors within the Nihonbashi 1 Chome Central District Redevelopment.
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Japan’s tallest wooden high-rise to be built in Nihonbashi
Mitsui Fudosan and Takenaka Corporation are planning to build a 17-story wood-frame office tower in Tokyo’s Nihonbashi district. With a proposed height of 70 meters, this would be the tallest wooden building in Japan.
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100-yr old building to be converted into hotel
Heiwa Real Estate is in the process of converting a 100-year old office building in Nihonbashi into a small luxury hotel. The new hotel is scheduled to open next February.
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Suruga Bank Tokyo branch building sold
Scandal-hit Suruga Bank’s Tokyo branch building in Nihonbashi has been purchased by Mitsui Fudosan for an undisclosed price. The property was owned by the bank’s founding family, who are in the process of paying off loans they had extended to themselves via the bank.
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Mitsui announces plans for US$10-billion ‘Greater Nihonbashi’ redevelopment
On August 29, Mitsui Fudosan announced major redevelopment plans for a district alongside Nihonbashi river in downtown Tokyo. The project is expected to be completed somewhere between 2030 and 2040 and costs could run as high as 1 trillion Yen (approx. US$10 billion).
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91-yr old machiya in Nihonbashi converted into event space
A Tokyo-based real estate company has acquired a 91-year old townhouse in Tokyo’s Nihonbashi district with plans to refurbish it into an event space. Reservations will start from April 15.
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Nihonbashi’s redevelopment projects between now and 2035
Tokyo’s historic Nihonbashi district continues to transform with several major redevelopments planned between now and 2035. In addition to these new high-rises, there are also plans to move the unsightly aboveground expressway underground, restoring the Nihonbashi river to its original state.
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Takashimaya pays 442 million USD for two office buildings in Nihonbashi
Takeda Pharmaceutical has sold two of their buildings in downtown Tokyo to the Takashimaya Department Store for a reported price of 49.5 billion Yen (approx. 442 million USD). Delivery of the buildings is scheduled for March 2019. Both properties were owned by Takeda’s real estate division. Takeda will be putting the proceeds from the sale towards their research for new cancer treatments.
The Tokyo Takeda Building and adjoining Takeda Shin Edobashi Building are located a block behind Takashimaya’s Nihonbashi store. The block to the north and east of the historic department store is currently being redeveloped into two high-rise office towers ranging from 140 ~ 176 meters tall and with completion expected in early 2018 and early 2019.
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287m tall high-rise planned for Nihonbashi
Details on the Nihonbashi 1 Chome Central District Redevelopment have been announced. The project will include a 287m tall high-rise with office, hotel and serviced apartments, as well as several low-rise retail, office and residential buildings.
The high-rise tower will be taller than Tokyo Midtown (248m), Toranomon Hills (247m) and the Tokyo Metropolitan Government Building (242m), but shorter than the 390m tall tower planned for the Tokiwabashi Redevelopment Project located 300 meters to the west of the Nihonbashi site.
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Nihonbashi expressway may be moving underground
The unsightly Metropolitan Expressway that runs above the historic Nihonbashi Bridge in downtown Tokyo may be shifted underground. On July 21, the Ministry of Land, Infrastructure, Transport and Tourism announced that they have started investigations into the relocation of the highway.
Construction would begin after the 2020 Summer Olympics and form part of the district’s ongoing redevelopment. The project could cost as much as 500 billion Yen (4.5 billion USD).
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