Osaka Maritime Museum to sell for 0.3% of original cost
Built at a cost of 17.6 billion Yen, this long-closed museum was recently offered for 56 million Yen, or just 0.3% of its original cost.Read more
Osaka Metro loses millions on minpaku mansion
Osaka Metro Co., Ltd., the operator of Osaka’s metro transit system, has reportedly sold a ‘minpaku’-style short-term letting building at a loss. The apartment building was purchased in 2019 with the goal of opening it to foreign tourists from February 2021, but those plans have been abandoned due to the ongoing international travel bans.
Osaka sees steep drop in registered short-term accommodations
Almost a third of Osaka’s short-term ‘minpaku’ listings have been deregistered by their hosts since the start of the pandemic.
Osaka to have luxury high-rise rental apartments in 2022
A high-rise apartment tower under construction in Osaka’s Umeda district is set to become the region’s largest high-end rental building. The 56-storey, 191m tall building will have 836 rental apartments. Completion is scheduled for early 2022.
1000 room hotel for Osaka’s Umeda district
On August 7, Hankyu Hanshin Holdings announced plans to open a 1,000 room hotel in Yodobashi Umeda Tower - a 35-storey redevelopment adjacent to the Yodobashi electronics store in Umeda, Osaka. The first 8 floors of the building will be retail, with the hotel located on floors 9 and above. The hotel is scheduled to open in 2020 as Hotel Hankyu RESPIRE Osaka, with the lower-floor retail to open in late 2019. This will be the largest hotel based on room count in Osaka City.Read more
Japan’s tallest base-isolation residential tower to be built in Osaka
On October 1, Mitsubishi Jisho Residence opened the model-room for a high-rise residential building planned for Osaka. With 55 floors and a height of 193 meters, The Parkhouse Nakanoshima Tower will be the tallest base-isolation residential building in Japan when complete (based on the total floor count).
The one, two and three-bedroom apartments will range in size from 40 ~ 148 sqm (430 ~ 1,592 sq.ft) and will be priced from 20 ~ 230 million Yen (166,000 ~ 1.91 million USD). There will be 894 apartments on 55 floors. The 22 premium apartments on the top two floors of the building will be priced over 100 million Yen (832,000 USD) each.Read more
Historic Daimaru Shinsaibashi Store Facade to be Preserved
Last year, J. Front Retailing announced plans to redevelop the historic 82-year old Daimaru Shinsaibashi Department Store in Osaka. The ageing building was becoming increasingly cost and difficult to maintain, and was short on floor space.
Original redevelopment plans involved razing the building. After J. Front’s announcement, local architects and historians lobbied the company to preserve as much of the intricately-designed building as possible. Although redevelopment is going ahead next year, J. Front are now considering preserving the historic facade.Read more