Tokyu Hands Shibuya store sold for 10 billion Yen
Hulic have purchased the Nishi Shibuya Tokyu Building (aka the Tokyu Hands Shibuya Store) from a Tokyu-related company for 10 billion Yen (101 million USD). Hulic plan to redevelop the site when Tokyu's lease expires in 10 years.
The current building is 10 storeys with a total floor area of 13,000 sqm. It is on a 1,800 sqm block of land in the middle of Shibuya's retail precinct. It was originally owned by Tokyu Fudosan Group, but sold to a related fund in 2006 for 14 billion Yen.Read more
Shibuya City Office redevelopment confirmed
On September 10, an official decision was made to redevelop the Shibuya City Office and adjoining Shibuya Public Hall (C.C. Lemon Hall). The two buildings were completed in 1964, with the hall hosting the weight-lifting events at the 1964 Summer Olympics.
Demolition of the City Office will begin in 2015 and the new building should be completed by 2018. The building will be similar in scale to the existing ones. Part of the 12,500 sqm block will be converted to leasehold and may become the site of a future residential building.Read more
Redevelopment planned for Shibuya city office
Moves are underway to rebuild the Shibuya City Office buildings after it was discovered that they would be at risk of falling over in an earthquake that produced a shindo level of upper-6 (read about the Japanese seismic intensity scale here).
At a press conference held on February 12, Shibuya ward mayor, Toshitake Kuwahara, announced that they hope to decide on a budget for the project during the 2014 financial year. The buildings are currently below the maximum allowable building size for the site, so the local council hopes that the availability of additional space will help to reduce their own redevelopment costs.Read more
Same day sell-out in Terrace Shibuya Mitake
All apartments made available for sale during the first round of sales for brand new condominium "Terrace Shibuya Mitake" have sold out on the same day.
On March 10, the 90 apartments listed for sale received 197 applications. The average number of applications to apartments was 2.18, and the highest was 13 on one apartment.
Apartments ranged in price from 37.8 to 184 million Yen and the average price is 1,381,000 Yen/sqm (1565 USD/sqft). The average age of the applicants was 49.5 years and their average income was 19 million Yen per year (232,000 USD).Read more
Japan's very first high-rise public housing condominium
Miyamasuzaka Building / Apartment
- Built in 1953 (58 years old)
- As seen in 2002 horror film "Dark Water"
- Apartments sold for between 600,000 ~ 1,000,000 Yen when brand newRead more
Miyashita-cho Apartment site redevelopment tenders open to public
Tokyo City announced plans to redevelop 3 sites with a total size of 2.6 hectares just minutes from Shibuya Station. The 3 city-owned blocks of land include the 0.5 hectare site of the former Miyashita-cho Apartment block (Shibuya 1-23), a former school hall site of 0.4 hectares next to Mitake Park (Shibuya 1-18) and the 1.7 hectare site of the former Aoyama Hospital behind the UN University Bldg (Jingumae 5-53). Tenders will be open to the public from Summer, 2011.Read more