Orix Fudosan received a building capacity ratio allowance of 1700% for their development site in Nishi-ku, Osaka. This building capacity ratio (Yosekiritsu) is the largest given to a residential project to date in Japan. The 10,000 sqm site currently houses the Osaka Welfare Pension Hall (Wel City Osaka) and was purchased by Orix in October, 2009. There are plans for a large scale apartment building and the refurbishment of the music hall. The preservation of the music hall will be in compliance with city p0licies.
On November 1st, 2010, the town planning commision gave approval for the plans. Orix will increase the seating of the music hall from the planned 1,000 seats to 2,000 seats. The city’s judgement was in part based on the large contribution to the community that the public music hall will provide.
The site for the condominium is 5,000 sqm which had a building capacity ratio of 600%, which has now been increased to 1700%.
Orix’s previous projects in Osaka have also received increases in their capacity ratios. These developments are the Umeda Kita Yard Development and the Osaka Kyoten Building.
According to the Ministry of Land, Infrastructure and Transport, the largest building capacity ratio in Japan is 1800% for the Shin-Umeda Hankyu Building, followed by 1760% for the Shin-Marunouchi Building in Tokyo and 1702% for the Tokyo Building also in Marunouchi. The capacity ratio for Orix’s development is the largest of its kind for a residential site.
Source: The Nikkei Shimbun, November 2, 2010.
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