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:
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