Redevelopment Business
Business Areas
- ■Participating in, promoting, and supporting urban development projects
- ■Reconstruction of housing complexes
Etc.
Business Description
Promoting multifunctional urban development for convenience, comfort, and security, we carry out various projects, including urban compact town and station-front redevelopments. We also handle reconstruction for aging housing complexes that have fallen into disrepair.
Redevelopment
Maximizing asset value in development areas through attractive urban planning
In the residential redevelopment business, we leverage the industry’s top experience and know-how to carry out numerous long-term projects in collaboration with regional communities and municipalities. We also participate in various corporate redevelopment projects in central Tokyo. In the countryside, we improve disaster prevention and develop housing, commerce and businesses.
Rebuilding
Reconstruction for continuous living with peace of mind
To realize the reconstruction of aging housing complexes, we employ comprehensive and district planning systems as well as a variety of methods such as equivalent exchange to propose reconstruction plans that are economically and architecturally viable, resulting in peace of mind for our customers.
Redevelopment and Rebuilding Policies
- ■Utilize our expertise as a developer to promote business in cooperation with local communities and governments over a long period.
- ■Maximize asset value by creating attractiveness through our development.
Redevelopment
Improvement of fire resilience of highly populated areas with woodframehousing
Urban revitalization through station-linked, mixed-use developments
rebuilding
Restoring of deteriorating apartment complexes
Investment Plan for Redevelopment and Rebuilding Businesses
■Project List
BLUE FRONT SHIBAURA（Shibaura Project）
Scheduled completion dates: South Building – February 2025, North Building – 2030
*Main participating companies: Our company, JR East
Nihonbashi 1-Chome Central District Redevelopment
Scheduled completion date: March 2026
*Main participating companies: Our company, Mitsui Fudosan, Nomura Holdings
Tomihisa Cross
Completion date: 2015 Total units: 1,231
In 1997, the Western Tomihisa Urban Development Association—the first resident-lead organization in the country—was formed. We began participating in 2008. This project has led to the creation of new businesses such as certified child care centers, the Shinjuku disaster prevention warehouse, and an 800 m² public square.
Proud Tower Higashi-Ikebukuro
Completion date: 2019 Total units: 132
The first association approved redevelopment project for Tokyo’s “10 Years Project for Fireproofing Densely-packed Areas of Wooden Houses”.
Proud City Asagaya
Completion date: 2016 Total units: 575
A project to reconstruct a 50-year old housing complex that combines a mid-rise building with terrace houses.
Sakurajosui Gardens
Completion date: 2015 Total units: 878
The largest rebuilding project in Tokyo. Several public housing complexes were scrapped and a plan for district environment conservation plan was formulated.
Okayama Ekimaecho 1-chome District Redevelopment
Type-1 Urban Redevelopment Project
Scheduled completion date: FY2025
Total units: 400
Okayama, a regional core city, is located within the nationally-designated “Urban Rehabilitation Emergency Development Area”. This redevelopment project promotes Okayama as a hub for regional exchange.
*Main participating companies: Our company, JR West Real Estate & Development, Okumura-Gumi
West Shinjuku 3-chome West Area Redevelopment Project
Scheduled completion date: FY2029
Total units: 3,200
The condominium with the most floors in Japan (65 floors). This is a project to refurbish a variety of facilities, including a barrier-free route for pedestrians, a high-quality living environment, a relaxing space full of greenery, and a place for community exchange.
*Main participating companies: Our company, Sumitomo Corporation, Tokyo Tatemono, Funenkousha, Maeda Corporation