On December 6, Keihan Real Estate announced plans to enter the machiya guesthouse business in Kyoto City. The company, along with Tokyo-based real estate flipper Intellex, plans to invest 2 billion Yen (approx. 18 million USD) in restoring 10 guesthouses over the next year.
On November 28 it was reported that Imperial Hotel, Ltd. is looking to open an Imperial Hotel in Kyoto City. A major contender for the new hotel is the historic 82-year old Yasaka Kaikan building in the Gion district.
A Tokyo-based real estate company has purchased a historic restaurant in Otaru, Hokkaido, with plans to restore the 120+ year old building and develop a hotel on an adjoining lot.
A traditional townhouse dating back to the 1400s in Kyoto was demolished at the end of August. The Kawai Residence, located alongside the Tenjin River in Nakagyo Ward, was the oldest surviving townhouse in the city.
The Hara Museum of Contemporary Art in Shinagawa, Tokyo is scheduled to close its doors at the end of 2020. The 80-year old Bauhaus-style building poses too many maintenance and repair issues to continue to remain open to the public.
An 81-year old house in Tokyo’s Bunkyo ward will be demolished next month. A farewell open-house event was held on November 16 and 17 by a Bunkyo historical preservation society, with over 280 visitors lining up to visit the home for the last time.
Home goods store FrancFranc will open their Masterrecipe branded flagship store in a traditional townhouse in Kyoto’s Gion district today.
Nagasaki City is pushing ahead with the demolition of a historic brick warehouse in Matsugaemachi. According to city archives, the Lake & Co. Warehouse was built sometime in the mid-Meiji period (1868-1912) by merchant brothers George and Edward Lake to store goods for their general store.
– COMPLETION –
Follow our journey as we renovate a traditional machiya townhouse in Kyoto. Once complete, the renovated machiya will be offered for sale.
The 140+ year old former home of Viscount Shibusawa Eiichi in Aomori Prefecture is begin relocated back to Tokyo. Shibusawa Eiichi (1840-1931) was considered the father of Japanese capitalism and founded or supported over five hundred companies over his lifetime, including The First National Bank (now Mizuho Bank).