Luxury villas planned for Miura waterfront

A waterfront district down in Kanagawa’s Miura Peninsula is being pushed as a potential luxury resort targeting wealthy foreigners. A current development proposal includes villas and high-end condominiums that could include their own berths for mega-yachts along with 20-minute access by helicopter from Tokyo. The villas could range in size from 340 ~ 1,120 sqm (3,658 ~ 12,000 sq.ft).

Idle ocean-front land in Miura sold to Chiba buyer

Properst Miura Land 1

An idle parcel of ocean-front land in Miura, Kanagawa, will be sold to a Chiba-based company later this year. The 13.5 hectare (1.45 million sq.ft) site is currently owned by Properst, a Tokyo-based developer. The sale price has not been disclosed and it is unclear what the new buyer plans to do with the site.

The site was developed by Seibu Railway between 1955 and 1965. It was originally an inlet, but the land was reclaimed to create a potential tourist destination. Properst acquired the site in early 2007 for 8.1 billion Yen (approx. 67.5 million USD at the time) and planned to construct several apartment buildings containing 1,400 units, a 140-room hotel, marina, retail, 152 residential building lots, and parkland. The project would have housed around 3,000 residents. This was exciting news for Miura City, which had been battling a declining and ageing population.