Located at the Harajuku crossing and between the JR Railway lines and Co-Op Olympia, this 2,860sqm site has been sitting vacant for a few years now.
In August,2005, Raysum purchased the site and former building from Seibu Holdings and had plans for redevelopment. The total cost of the planned project was 40 billion JPY (an estimate from 2006 report). Construction was initially scheduled to start in April, 2007 and be completed by March, 2009.
However, work did not begin. In late 2009 it was announced that construction would begin in Fall, 2010. As of December, 2010, there are still no construction vehicles on the site.
The current construction notice posted at the site gives a construction start date of March 1, 2009 and completion by January 1, 2011.
*Update: In 2013, Raysum sold the site to Yodobashi Camera for approximately 30.7 billion Yen.
Harajuku Shimbun, November 30, 2006.
Harajuku Shimbun, December 18, 2009.