Last Update: 06/27 2017 06:00 JST

Development Projects

Plans uncovered by our on-site surveys and company releases

  • Tokyo Tatemono developing hotel with 125 guestrooms in Asakusa 06.27.2017

    Major developer Tokyo Tatemono will develop a hotel in Kaminarimon, Taito-ku. According to the company's plan, the structure will have 14 floors above ground with 3,736 m2 of gross floor area and about 125 guestrooms. The construction of the property will begin in July 2017, with completion targeted for September 2018. The building will be leased to an operator after it is completed. >>

  • Nippon Life to develop logistics facilities in Kanagawa and Osaka 06.26.2017

    Nippon Life Insurance will develop large logistics facilities in Kanagawa Prefecture and Osaka Prefecture. Both will be developed on leased land and are scheduled to be completed by November 2019. This will be Nippon Life Insurance’s second and third logistics facility developments since the first one in Matsubara City, Osaka Prefecture.>>

  • Corporate tenants of Osaka's Nakanoshima Festival Tower West revealed 06.26.2017

    The major tenants of Nakanoshima Festival Tower West, which was developed by newspaper publisher Asahi Shimbun and general contractor Takenaka in Nakanoshima, Osaka City, came to light. It was completed in April 2017 and tenants have been officially or unofficially decided for more than 90% of the net leasable area, which is approximately 70,000 m2. According to sources, the rent per tsubo for multiple year contracts is around 20,000 to 22,000 yen [$53 to 59 per m2].>>

  • Es-Con to develop 102-guestroom in Chiyoda-ku’s Hanzomon 06.23.2017

    Condominium developer Es-Con Japan will develop a business hotel in Hayabusacho, Chiyoda-ku. The facility will have 11 floors above ground with 2,402 m2 of gross floor area and provide 102 guestrooms. The company originally planned to construct a condominium for sale in units on the site, but changed the use of the property to a hotel. Es-Con will outsource the operation of the hotel.>>

  • Apa developing hotel with 282 guestrooms in Nihonbashi 06.22.2017

    Hotel operator Apa Group subsidiary Apa Home of Kanazawa City, Ishikawa Prefecture acquired two adjacent buildings in Nihonbashi-Yokoyamacho, Chuo-ku. The transaction took place during the period from April to May 2017. The company will construct a hotel on the combined site. Apa will have 13 hotels with 2,133 guestrooms in Chuo-ku after the hotel is completed. >>

  • Soka Gakkai constructing religious facility on former TEPCO hospital site 06.22.2017

    Religious corporation Soka Gakkai of Shinjuku-ku will construct a new religious facility. Plans call for the building to have five floors above ground and two below with 14,500 m2 of gross floor area. The design and construction will be undertaken by general contractor Obayashi. Construction will start in July 2014, with completion targeted for September 2019. >>

  • Consortium selected for 125,000 m2 GFA R&D complex near Haneda Airport 06.21.2017

    In June 2017, Ota Ward disclosed the outline of the proposal of a group led by general contractor Kajima. The group was selected as the developer of the Tokyo International Airport (Haneda Airport) Former Site Zone 1 Development Project (first phase project). Buildings with about 125,400 m2 of gross floor area will be developed on the former site resulting from the offshore expansion of the airport. Construction will start in fiscal 2018, with opening of the facility scheduled for the period from April to July 2020. Completion of the entire project is slated for 2022.>>

  • Fuyo General Lease developing hotel in Nihonbashi 06.19.2017

    Fuyo General Lease will develop a hotel in Nihonbashi-Koamicho, Chuo-ku. The hotel will have 12 floors above ground with 6,800 m2 of gross floor area. The design and the construction of the property will be entrusted to AA&SUN of Chiyoda-ku and Fukuda, respectively. Construction will start in October 2017 with completion targeted for July 2019. >>

  • Premium Value Bank obtains office building near Roppongi 06.16.2017

    Minato-ku real estate company Premium Value Bank acquired Momon Roppongi, an office property in Moto-Azabu, Minato-ku. The transaction took place in April 2017 and the seller was Chuo-ku's KK Estate. Premium Value Bank plans to sell the property to individual investors after renovating it. The buyer obtained a mortgage in the amount of 1.2 billion yen [$11 million] from ShinGinko Tokyo in order to purchase the property.>>

  • Mitsubishi UFJ Lease developing 200-room hotel in Nihonbashi 06.15.2017

    Mitsubishi UFJ Lease & Finance will develop a business hotel in Nihonbashi-Hamacho, Chuo-ku. The hotel will have 14 floors above ground and one below with 9,000 m2 of gross floor area and offer slightly more than 200 guestrooms. Construction will start in December 2017 with completion targeted for July 2019. >>


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