Maison Mita, a 67-unit, 49-year old condominium in central Tokyo’s Mita neighbourhood will be redeveloped into a 77m tall, 23-storey high rise by both Mitsubishi Jisho Residence and Asahi Kasei Realty & Residence. Demolition of the current building is expected to start in December 2017 and the new building is due for completion by December 2020.
Apartment owners had been discussing redevelopment for the past 10 years.
Apartments in the older building ranged in size from 34 ~ 108 sqm, with a mixture of studio and family-oriented layouts. The building was developed by Kyoei Life Insurance and completed in 1968. Kyoei developed several Maison-named condominiums in central Tokyo in the 1960s, 70’s and ‘80s. The insurance company filed for bankruptcy with liabilities of 4.6 trillion Yen in 2000 in what was said to have been the country’s biggest bankruptcy since WWII.