High-rise buildings soar in central Tokyo

posted on March 13, 2016

Dozens of new high-rise office, commercial and other buildings are scheduled to open in central Tokyo in the years leading up to the 2020 Tokyo Olympic and Paralympic Games.

Expectations for economic growth and more relaxed regulations have fueled a building boom that will make Tokyo even more of a "skyscraper city."

Seibu Holdings Inc. plans to open its Tokyo Garden Terrace Kioicho on the site of the old Grand Prince Hotel Akasaka in July. The 36-story office building is to include a luxury hotel as well as rental condominiums in a separate structure.

Yahoo! Japan Corp. is among the companies planning to move its headquarters to the 180-meter-tall building. Most of the office spaces are already spoken for.

In the nearby Roppongi district, Sumitomo Realty & Development Co. plans to open a three-building complex this autumn that includes a 40-story building about 250 meters tall, and also condominiums.

There are 51 buildings of at least 20 stories expected to be completed in Tokyo's 23 wards by 2020, according to Sanko Estate Co., a major office broker.

source by the-japan-news
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