Landowners in the Tsukuda 2 Chome address in Tokyo’s Chuo ward are considering a large-scale redevelopment. Current considerations are for a mixed-use project including a hotel, retail and apartments.
Plans for a 190m tall, 50-storey, 750-unit apartment tower on the manmade island of Tsukishima in Tokyo Bay have local residents up in arms.
Mid Tower Grand is a 32-storey condominium under construction on Chuo’s Tsukishima island. Construction details are available to members only. To become a member of this site, please register your details here.
Price when new: 50 ~ 265 million Yen (approx. 1,300,000 Yen/sqm)
Size range: 40.49 ~ 130.09 sqm (436 ~ 1,400 sq.ft)
Area: Tsukishima, Chuo-ku
Sales began in July 2018.
Mid Tower Grand is a 32-storey high-rise apartment building located on the man-made island of Tsukishima in Tokyo Bay. Apartments over 100 sqm in size can only be found on floors 28 and above, and have an average price of around 1,800,000 Yen/sqm, about 40% more than smaller apartments.
This is a 30 billion Yen redevelopment project being lead by developers Marubeni, Mitsui Fudosan Residential and Taisei Construction. The building will contain 503 apartments, as well as retail space and a pachinko parlor. Demolition of the former buildings and construction work began in March 2017.
Completion is scheduled for January 2021 with apartments to be delivered to buyers from late March 2021.
A 32-storey, 122 meter tall residential building is under construction alongside Tsukishima’s Nishinaka Street in Chuo-ku, Tokyo.
The street, which is also known as Monja Street, is famous for being lined with over 70 restaurants serving monjayaki dishes.
The Tsukishima 1 Chome Nishinaka Street District Redevelopment (officially named ‘Mid Tower Grand’) is a 30 billion Yen project being lead by developers Marubeni, Mitsui Fudosan Residential and Taisei Construction. The building will contain around 500 apartments, as well as retail space and a pachinko parlor. Demolition and construction work began in March 2017 and completion is scheduled for late March 2021.
The man-made islands on Tokyo Bay have been undergoing a slow gentrification over the past 10 years or so as factories and warehouses are gradually being replaced by high-rise apartment buildings and shopping malls.
The islands are already home to some large-scale redevelopments, including The Tokyo Towers (2008) and Triton Square (2001), while many more projects are in the pipeline.
This area was usually thought of as a cheaper alternative to apartment living in the more central areas in Tokyo, while still offering an easy commute. However, prices in some apartments can now be as high as those in Minato-ku. The growing popularity of the area, however, does not mean every project is guaranteed strong sales.
Mitsui Fudosan announced that they have started construction of the Tsukishima 1 Chome 3, 4, 5 Redevelopment Project on February 20, 2012. The large complex will include a 53-storey, 703 unit residential tower and a smaller 12-storey, 44 unit residence. The name of the condominium is “Capital Gate Place”.
Shimizu Corporation is in charge of construction and completion is scheduled for summer of 2015. The high-rise tower will be constructed using vibration-control (seishin) earthquake-resistant construction with dampers. There will also be backup generators that can supply necessary power for up to three days in the event of a power shortage.