Construction of the Yaesu 2-Chome North District Category-I Urban Redevelopment Project officially started on December 3. Completion is scheduled for August 2022.
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.
The home owners association of an old apartment block in Tokyo’s bay front area have voted in favor of redevelopment, with the former 14-storey building to be replaced by a 32-storey apartment tower. The former Itohpia Hamarikyu apartment building was built in 1979 and is a 5 minute walk east of Hamamatsucho Station in Tokyo’s Minato Ward. The 14-storey building contains 328 apartments and sits on a 2,820 sqm block of land fronting onto an expressway.
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of November 2018:
A 180m tall, 48-storey high-rise condominium is planned for the man-made island of Toyosu in Tokyo Bay with completion tentatively scheduled for March 2022.
A 47-storey, 190m tall mixed-use apartment tower is planned for a site near the former World Trade Center in Hamamatsucho, Minato-ku, Tokyo. On November 9, the Tokyo Metropolitan Government approved the establishment of the Hamamatsucho 2 Chome District Redevelopment Committee.
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.
According to Tokyo Kantei the average asking price of a 70 sqm (753 sq.ft) second-hand apartment across greater Tokyo was 36,250,000 Yen in October, down 0.3% from the previous month but up 1.2% from last year. The average building age was 24.4 years.
Home goods store FrancFranc will open their Masterrecipe branded flagship store in a traditional townhouse in Kyoto’s Gion district today.