NTT to develop luxe hotels with fine-dining restauranteur

Hiramatsu

NTT Urban Development, the real estate development arm of the NTT communications group, is jointly developing several high-end hotels with restaurant and wedding planning company Hiramatsu.

Hiramatsu is known for their French and Italian restaurants, wedding planning, catering and wine businesses. In May 2015, they announced their foray into the hotel industry with the establishment of Hiramatsu Hotels & Resorts.

Meanwhile, NTT Urban Development has decided to pursue the development of hotels and resorts to cater to the explosive growth in the number of foreign tourists visiting Japan. On October 1, 2015, they established a hotel and resort division in their commercial department.

Witch’s House in Hamamatsu

Witchs House Hamamatsu 2

Hamamatsu City can soon look forward to celebrating Halloween all year round as a spooky block of rental apartments nears completion.

The landlord, an avid collector of Halloween goods, wanted to design something that was fun not only for the occupants but also for anyone passing by. “Witch’s House’ has a uniquely warped exterior adorned with pumpkins, bats and crows. The apartments were designed and built by local builder Nukumori Workshop. This isn’t their first unusual project – they have built a number of Storybook style homes, shops and restaurants. Most of their clients are in their 50s and 60s.

Shibuya mistakenly buys ryokan with X-rated past

Kikusuikan Kawazu ShizuokaShibuya’s local government has found itself in hot water after it was discovered that a building purchased as a retreat  had previously been used as a studio for filming adult movies.

The ‘Kikusuikan’ hotel is located in the hot spring town of Kawazu in Shizuoka Prefecture. The building and land was purchased by the Shibuya local government in April 2014 for 110,000,000 Yen and is scheduled to open in October. Total acquisition and renovation costs are expected to reach 228,000,000 Yen.

According to a Shibuya ward assemblyman, Kikusuikan was used as a location for 11 adult films between 2006 and 2013. City office officials, however, deny having any knowledge of this fact and were only made aware after it was reported in a weekly publication.

Taking into account the building’s ‘history’ an independent real estate appraiser valued the property at 40,000,000 Yen.

Sources:
The Asahi Shimbun, September 25, 2014.
The Mainichi Shimbun, September 24, 2014.

Japan’s high-rise apartment market, March 2013

Grand Front Osaka (2013)

According to the latest data from the Real Estate Economic Institute’s report on the high-rise apartment market, there are over 96,500 apartments in buildings over 20 stories tall either under construction or in the planning stages across Japan.

273 high-rise residential buildings are expected to be completed from 2013 onwards, with a total of 96,512 individual apartments. This is an increase of 38 buildings and 14,374 apartments from March 2012.

Bankrupt Matsubishi Dept Store to be demolished

Demolition preparation work has started on the Matsubishi Department Store in Hamamatsu City, Shizuoka Prefecture. The building is expected to be completely demolished by the end of July, 2012.

The total cost is expected to reach 500 ~ 600 million Yen and will be shared amongst the landholders, which include Asahi Corporation.

The main building of the Matsubishi Department Store was completed in 1936. It suffered damage but miraculously survived the bombing of Hamamatsu in WWII which destroyed 60 percent of the city. Later, in 1956, the store was home to the first escalator in Shizuoka Prefecture.

Shizuoka’s expanded nuclear disaster preparedness zone

On October 20, 2011, Japan’s Nuclear Safety Commission has proposed an expansion of the recommended emergency planning zones (EPZ) around nuclear plants from 10 km to 30 km , as well as a proposed 50 km radius called a Plume Protection Planning Area (PPA) in which residents must stay indoors and towns must be prepared to distribute iodine tablets in an emergency situation.

The newly proposed 30 km Urgent Protective Action Planning Zone (UPZ) has increased the number of targeted cities and towns from 44 to 130 and the number of residents living in the expanded area is 7.93 million, or 6% of Japan’s population. It would also include parts of prefectural capitals such as Shizuoka, Mito, Fukui, Kyoto and Kagoshima. There has been criticism that, similar to what has been observed in Fukushima, the radiation does not travel in concentric circles and may spread to towns that fall just outside of the UPZ.

Shizuoka Prefecture created a special research group to investigate disaster-preparedness measures for the area surrounding the controversial Hamaoka Nuclear Power Plant in Omaezaki City.

No one wants to live near the Hamaoka Nuclear Power Plant

The coastal city of Omaezaki in Shizuoka Prefecture suffered a big fall in land prices and is seeing vacancy rates soar as property transactions and prices plummet.

The tsunami in northern Japan and the Fukushima nuclear disaster have had a big effect on this coastal town which is also home to the controversial Hamaoka Nuclear Power Plant. Vacancy rates are climbing and property transactions are down.

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