A 51-year old retail and public housing building alongside Aoyama Dori Avenue in Omotesando will soon be rebuilt. The 10-storey Seihou Building was built in 1967 and has a total floor area of 6,075 sqm (65,000 sq ft). It is jointly owned by a subsidiary of Mizuho Bank and the Urban Renaissance Agency.
The new building will have a total floor area or 16,000 sqm (172,000 sq ft), more than 2.5 times the size of the older building.
The first three floors of the old building are retail, with Brooks Brothers as the main retail tenant and a share office on the 2nd and 3rd floors. Floors 4 to 10 are public housing rental apartments with 129 households. The apartments range in size from 14 ~ 45 sqm (151 ~ 484 sq ft) and rents range from 35,000 ~ 130,000 Yen (approx. 320 ~ 1,200 USD) per month.
The rear of the building is the former Aoyama Kitamachi Apaato public housing complex. This city-owned block of apartments is currently in the process of being redeveloped, with the southern end of the site to include a 90 meter tall, 25-storey rental-only apartment building with 232 apartments and 49 aged-care rooms. Completion is tentatively scheduled for May 2020. Construction on the northern end of the site may begin in 2021 or later.
There are two more public housing complexes along this stretch of the street. Both buildings are around 55 years old. They were built around the time that the street was doubled in width as part of the infrastructure improvement efforts ahead of the 1964 Tokyo Olympics.
Source: Nikkei Business Publications, January 23, 2018.