On May 27, Marui Group announced that the Shibuya Marui department store will temporarily close its doors on August 28 while the 51-year old building undergoes redevelopment.
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New mixed-use apartment building for Shibuya 1-Chome Address
A 14-story, 74.8-meter tall mixed-use building is planned for the former Mitake Park near Shibuya Station. This project will include a public square, retail, a multi-purpose hall, the Mitake arena for sporting events, and 26 rental apartments designed to attract creative folk and families.
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Multi-block redevelopment for eastern side of Shibuya Station
On March 24, Tokyo Tatemono announced that a city planning decision had been made for the Shibuya 2 Chome Project. Nicknamed the Shibuya Regeneration Project, it spans three large blocks just east of Shibuya Station, with a total lot size of 2.9 hectares.
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155m tall tower for Dogenzaka, Shibuya
On January 19, the Tokyo Metropolitan Government approved the formation of the redevelopment committee for the Dogenzaka 2 Chome South District Redevelopment. This will see a 155-meter tall tower built near the west exit of Shibuya Station on the Inokashira Line.
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Shuwa Aoyama Residence redevelopment to start in 2021
Nomura Real Estate Development and Asahi Kasei Realty & Residence have received official approval from Shibuya City Council for the formation of the redevelopment committee for the 56-year old Shuwa Aoyama Residence condominium.
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Foretseine Shibuya Tomigaya showroom to open later this month
Real estate developer Mori Trust will be opening the showroom for its latest luxury condominium in Tokyo on September 26. The low-rise condo is located near Yoyogi Park and the bustling Shibuya shopping district.
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Office rents on the rise as Shibuya returns as Japan’s IT hub
The major redevelopment projects currently underway around Shibuya Station are, as expected, pushing up office rents. The announcement that Google Japan will relocate their head office to the recently completed Shibuya Steam building next year has heralded the return of Shibuya as Japan’s ‘Bit Valley’ and has been the driving force behind the district’s booming office market.
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Tadao Ando designed house in Shibuya now under offer
Blink and you’ll miss it. The Tadao Ando-designed house for sale in the heart of Shibuya went under offer last week.
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Google Japan office relocation signals return of Shibuya’s Bit Valley
On November 17, Google Japan announced plans to relocate their head office to a new office tower near Shibuya Station in mid-2019.
Google will be taking up floors 14 to 35 in Shibuya Stream – a 35-storey office tower due for completion in late 2018. The 50,000 sqm (538,000 sq ft) of office space will allow them to double their staff numbers from the current level of 1,300. The lower floors of the Shibuya Stream building will be hotel rooms, making Google the sole office tenant.
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