Last Update: 08/18 2017 06:00 JST

Development Projects

Plans uncovered by our on-site surveys and company releases

  • Open House acquires former Mizuho Bank dormitory for condo 08.10.2017

    Open House Development of Chiyoda-ku, which is under the umbrella of homebuilder Open House, acquired Sakurayama Heights in Higashi-Nakano, Nakano-ku in March 2017. Open House Development plans to redevelop the property into a for-sale condominium. The seller was Mizuho Bank.>>

  • Open House develops condo for-sale in Itabashi-ku 08.08.2017

    Chiyoda-ku's Open House Development, which is under the umbrella of homebuilder Open House, purchased Hananoyu, a sento public bath in Itabashi, as well as the adjacent single-family home. The transaction took place in June 2017 and the seller was an individual. The company will reconstruct the properties into a condominium for sale in units. >>

  • Mitsubishi UFJ Lease to reconstruct former Dojima Hotel in Osaka 08.04.2017

    GK R&K, a special purpose company, acquired former Dojima Hotel in Kita-ku, Osaka City in June 2017. A real estate investment subsidiary of Mitsubishi UFJ Lease & Finance and Katayama, which is a real estate company based in Osaka City, are investors in the SPC. The SPC will reconstruct the property into a new hotel with Richesse Management, a subsidiary of Wealth Management and based in Minato-ku of Tokyo, as the asset manager. Completion is expected to be in 2020.>>

  • Cosmos Initia developing 66-unit hotel in Kayabacho, Chuo-ku 08.01.2017

    Condominium developer Cosmos Initia will develop an extended-stay hotel with 3,449 m2 of gross floor area on 11 floors above ground in Nihonbashi-Kayabacho, Chuo-ku. The hotel will offer 66 guestrooms. The design is being handled by g-mute planning of Bunkyo-ku. Construction will start in September 2017, with the completion and opening targeted for February 2019. >>

  • Mitsubishi UFJ subsidiaries acquire Toranomon building for Y14bn 07.31.2017

    Sanshin of Chuo-ku and Toyo Property of Minato-ku, which are part of the Mitsubishi UFJ Financial Group, obtained the Fukide Building in Toranomon, Minato-ku. The transaction for the office property took place on July 27. The seller was Tiger Gate TMK, a special purpose company in which Ichigo holds 100% of the equity. Following the sale, Ichigo will post sales of about 14.2 billion yen [$120 million] and a net profit of about 5 billion yen [$43 million] in its consolidated accounts for the term ending February 2018. The buyers will demolish the structure sometime in or after the spring of 2018 and construct a rental office building on the site.>>

  • Nippon Tochi-Tatemono developing rental apartment building in Aoyama 07.27.2017

    Nippon Tochi-Tatemono will start the development of rental apartment building Baus Stage Minami-Aoyama on land it owns in Minami-Aoyama, Minato-ku. The construction site is located a seven-minute walk from the Gaienmae subway station in a residential district. Dormy Minami-Aoyama, a student dormitory, previously stood on the site, which has a land area of 936 m2. >>

  • Mitsubishi Corp developing 23,000 m2 GFA retail facility in Omori, Ota-ku 07.26.2017

    Mitsubishi Corporation Urban Development of Chiyoda-ku will develop a retail facility accommodating retail shops and restaurants in Omori-Nishi, Ota-ku. The structure will have five floors above ground with 23,203 m2 of gross floor area. The facility will be designed and constructed by Kiuchi Construction of Shizuoka City. Construction will start in October 2017, with completion targeted for December 2018. >>

  • Osaka company reconstructing building in Tokyo’s Aoyama 07.25.2017

    M&M of Suita City, Osaka Prefecture acquired a retail building in Minami-Aoyama, Minato-ku, Tokyo in February 2017. The company will reconstruct the property into a mixed-use building offering office and retail floors. The phone number of jewelry seller Milk of Osaka City is indicated on the signboard of the construction plan as the contact number. >>

  • Xymax to open 398-room hotel in Shin-Osaka 07.24.2017

    Xymax will open a hotel at the end of 2019 with 398 guestrooms in a location that is a four-minute walk from Shin-Osaka Station. The property management company plans to occupy the building that SG Realty, a real estate company affiliated with Sagawa Express, will newly construct on the land that SG Realty owns.>>

  • Sumitomo developing 3,400 m2 GFA office in Suidobashi, Chiyoda-ku 07.24.2017

    Sumitomo Realty & Development will develop an office building in Misakicho, Chiyoda-ku. Designed by Nikken Sekkei, the building will have eight floors above ground with about 3,400 m2 of gross floor area. Construction will start in August 2017, with completion targeted for March 2019. >>

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