Tokyo approves Kachidoki-Toyomicho high-rise redevelopment committee

On June 30, the Tokyo Metropolitan Government approved the formation of the Toyomi District Town Redevelopment Committee. This committee has been established to create two 189-meter tall apartment towers in the Kachidoki and Toyomicho district on Tokyo Bay.

Construction of the 123.7 billion Yen (approx. 1.15 billion USD) project is expected to start in 2022 with completion sometime in 2026. The two 54-story towers will contain 2,097 apartments, as well as retail, a resident hall, clinic and nursery school. Committee members include Mitsui Fudosan Residential, Shimizu Corporation, Tokyu Land, Tokyo Tatemono, Nomura Real Estate and Mitsubishi Jisho Residence. Participants also include seven land owners and 531 owners of units in three old apartment buildings that will be demolished to make way for the new towers.

The immediate neighborhood is mostly a cold-storage warehouse district on a reclaimed island that was created in 1963. It is across the canal from the recently completed Athlete’s Village that will be refurbished and converted into condos after the Summer Olympics next year.

There are no shortage of high-rise apartment towers in the surrounding area, including:

  • Bayside Tower Harumi (2015): 352 apartments
  • Deux Tours Canal & Spa (2015): 1,450 apartments
  • Harumi Flag (Athlete’s Village) (2024 onwards *TBD): 5,500+ apartments
  • Kachidoki The Tower (2016): 1,420 apartments
  • Park Tower Harumi (2019): 1,076 apartments
  • Park Tower Kachidoki Mid & South (2024): 2,786 apartments
  • The Parkhouse Harumi Towers (2013~2016): 1,744 apartments
  • The Tokyo Towers (2008): 2,794 apartments

Sources:
The Kentsu Shimbun, June 29, 2020.
The Kensetsu Tsushin Shimbun, June 30, 2020.