City Development
City Development
Excellent Building Development Project of Odawara City, Sakae-cho, 2-chome Chuo chiku
MIRARTH HOLDINGS is implementing the “Excellent Building Development Project of Odawara City, Sakae-cho, 2-chome Chuo chiku*” in Odawara City, Kanagawa Prefecture, and is working to “Revitalize the city center, making it livelier and more relaxing ”.
The project will develop a complex facility that integrates commercial and residential properties. When designing a space, we design it to be a landmark of the city, with high design quality, high earthquake resistance and disaster prevention, and with consideration for the environment. In the commercial area on the lower floors, we will attract tenants that create continuity with the shopping district, aiming to create a close community with the surrounding shopping and neighborhood associations, while mutually improving circulation and convenience of living and creating a facility that will be a interaction hub among people. In addition, 286 residential units (as of June 2024) on the middle and upper floors will offer views of Odawara Castle, Sagami Bay, and the Tanzawa mountain range, with common facilities that emphasize residents' comfort, aiming to increase the number of permanent residents in the central city area of Odawara City.
Odawara City has a “Basic Policy for Urban Corridor Policy” which aims to “Revitalize the city center, making it livelier and more relaxing - a town you want to visit (increase the number of people interacting with the city) and live in (increase the number of permanent residents)”. On the other hand, the central city area of Odawara City is facing issues such as declining retail business, abandoned bicycles, and aging buildings. Through this project, our group will resolve these issues and promote the sustainable town center revitalization that Odawara City is aiming for.
- * Excellent Building Development Project: A program of the Ministry of Land, Infrastructure, Transport, and Tourism to improve the environment of urban areas and supply good urban housing, etc. with the aim of developing quality buildings, etc. that contribute to the joint use and upgrading of land use, etc.
Excellent Building Development Project of East Area in Front of Takaoka Station (LEBEN TAKAOKA EKIMAE THE TOWER)
Since 2018, MIRARTH HOLDINGS has been participating as a project executor in the “Excellent Building Development Project of East Area in Front of Takaoka Station” in Takaoka City, Toyama Prefecture. In November 2023, construction of LEBEN TAKAOKA EKIMAE THE TOWER was completed. Being a new landmark in front of Takaoka Station, it realizes the formation of a landscape befitting the gateway to Takaoka and the creation of a bustling atmosphere.
This redevelopment project is a public-private partnership with Takaoka City, which has established a “Basic Plan for the Revitalization of Takaoka City Center” and is working on community development based on the basic policy of “a town bustling with people coming and going” and “a town bustling with people living and working.” We aim to maximize the base functions of the Takaoka Station area to meet the diverse needs of residents and Takaoka Station users so that we can improve their convenience.
As the project executor, the Group is involved in the “Excellent Building Development Project of East Area in Front of Takaoka Station,” providing housing aimed at increasing the number of permanent residents in the central city area. Taking advantage of its location facing the exchange plaza at the north exit of Takaoka Station, a retail section was placed on the first floor to create a symbolic 19-story facility. A terrace space was placed in front of the store section to create a gentle connection with the Takaoka Station North Exit Exchange Plaza. In this way, a new sense of liveliness is created while maintaining harmony with the existing townscape.
Urban Redevelopment of Machikatamachi and Toriyokocho District 1, Numazu City, Shizuoka Prefecture
On November 16, Takara Leben, together with Fujita, formed a joint venture with the Urban Redevelopment Association of Machikatamachi and Toriyokocho District 1, Numazu City, Shizuoka Prefecture, and signed a basic agreement with the association as a specified business agent.
This project aims to redevelop a part of the arcade of famous stores, which was established in 1954 as Japan's first shopping arcade with fireproof and communal architectural style, and to redevelop the central city area through the redevelopment. Demolition and site preparation work is scheduled to begin in 2024, with completion of 105 residential units with 10 floors above ground and one below by January 2028, as well as the retail space.
MIRARTH HOLDINGS Group is committed to solving various urban issues, improving functionality and livability, realizing safe, secure and attractive urban development, and working in partnership with land and building owners, rights holders, and the government, utilizing various urban development methods, etc., in a three-party approach to urban renewal.
Redevelopment Plan for Former Department Store Site
Takara Leben has acquired land centered on the Okajima Department Store, which has been operating in the downtown area of Kofu City, Yamanashi Prefecture, since 1843, and will develop a complex consisting of tower residences, commercial facilities and a self-propelled parking lot, the third development in the city.
The facility is planned to include a tower residence, the largest of its kind in the prefecture, as well as next-generation commercial facilities that inherit the DNA of Okajima, a plaza capable of hosting events, and a self-propelled parking lot. The project aims to increase the number of downtown area residents, including those moving from the city center, and to attract visitors to the central city area, and to serve as a starting point for the circulation of residents and visitors, as well as to develop the central city area in a way that leads to the revitalization of its liveliness.
Minamikoiwa 6-chome District Type 1 Urban Redevelopment Project
MIRARTH HOLDINGS together with Nomura Real Estate Development Co., Ltd. and SHIMIZU CORPORATION, is participating in the “Minamikoiwa 6-chome District Type 1 Urban Redevelopment Project” in Edogawa Ward, Tokyo, as a participating partner and specified business agent to acquire the reserved floors for residential and commercial properties.
To realize the “JR Koiwa Station Area Urban Development Master Plan” formulated by Edogawa Ward in January 2009, this project will renew the area into an urban complex with residential and commercial functions through the advanced use of land. It aims to create a lively environment and improve the living environment and community safety and security by creating a sense of circulation and liveliness using the Ring Road which will be developed in the form of connecting the Minamikoiwa 7-chome West District, which was completed in 2015 and the Minamikoiwa 7-chome District, for which a preparatory association was established in August 2016.
Since the project is located at the entrance to the Flower Road shopping street, we aim to create a facility that will be the symbol of JR Koiwa Station while focusing on the continuity of the city section by taking advantage of its location in front of the station, forming three city sections (I-III) and developing them sequentially.
Construction of Block I was completed in December 2020, and the commercial building, with 10 floors above ground and a total floor area of approximately 7,122 m2, was fully opened in July 2021.
Construction of Block II was completed in May 2022. The 22-story building with one basement level and a total floor area of approximately 29,148 m2 consists of residential units (233 units) as well as commercial, business, and parking facilities.
Construction of Block III is scheduled to be completed in November 2025. The 33-story building with one basement level and a total floor area of approximately 53,153 m2 will include residential units (367 units) as well as retail, public bicycle parking, and parking facilities.
Participation in the THREE Excellent Building Development Project in the Shinmachi 1-Chome District of Aomori City 「THREE」
Takara Leben has participated in THREE, a project for the development of superior buildings in the Shinmachi 1-chome district of Aomori City (former site of the Aomori head office of the Nakasan Department Store) promoted by Shinmachi Machidukuri Corporation and Mik Corporation.
Opened in April 2023, THREE is a 14-story facility that integrates "clothing and medicine," "food," and "housing," and is a tower residence consisting of commercial facilities on the first through fourth floors and a total of 85 residential units from the fifth floor and above. The company is acquiring the reserved residential floors of “THREE” and taking on the residential subdivision business, contributing to the revitalization of the central city area of Aomori City by promoting residence in the city. The lower floors include a clinic mall and a restaurant area, and the first floor of the parking building (Annex building), which is connected by a corridor, houses a food supermarket (Marche), making it possible to live without the stress of snow even in an area with heavy snowfall. This is a new proposal for the revitalization of department stores in regional cities.
Regional Revitalization
「Fun＆Cool Hotel KAGOSHIMA Airport (tentative name)」
The Kagoshima Airport Hotel, which has a 51-year history as the gateway to Kagoshima, closed at the end of March 2024 due to the aging of the building. Takara Leben inherited the desire of this hotel, which has a high public profile as an airport hotel near Kagoshima Airport and plays an important role as the gateway to Kagoshima, to develop this hotel as a new hotel “Fun＆Cool Hotel KAGOSHIMA Airport (tentative name)” that can contribute to the revitalization of Kagoshima. The project is expected to be open and operational by the end of 2026.
“Fun & Cool Hotel KAGOSHIMA Airport (tentative name) “will be developed as the first hotel of our original “Fun & Cool” brand. Based on the concept, Maximize the “Fun” and “Cool” that you feel throughout your stay at the hotel and the entire trip, we will propose a New Style Hotel that minimizes the stress during your stay and pursues more than just design. A total of 154 rooms (planned), from single rooms to family rooms and a bath with a panoramic view of Kagoshima Airport, the Kirishima mountain range, and Sakurajima is planned on the upper 6th floor.
In collaboration with the local community, we will create new value by leveraging local attractions, and aim to create a hotel that will be like the takara (treasure) of Kagoshima, making Kagoshima's future full of happiness.
Aqua Ignis Awaji Island
Takara Leben and MIRARTH Asset Management (formerly Takara Asset Managment) are participating in the Aqua Ignis Awaji Island (Awaji City, Hyogo Prefecture) project, a natural hot spring resort complex. This facility is the first national park Park-PFI* project approved in Japan.
We believe that this project will contribute to regional revitalization and increase the value of the region as a new business scheme in cooperation with not only local governments but also other industries. MIRARTH Asset Management (formerly Takara Asset Managment) decided to invest in the project because it is located at the northern end of Awaji Island, with excellent access from the Kansai region; it is a destination on Awaji Island, which had been a transit point; and it has the same potential as Aqua Ignis and VISON in Mie Prefecture, where Aqua Ignis already operates.
We will continue to work hand in hand with national parks, as we did in this project, to find better ways of public-private partnerships, as we strive to develop the tourism industry on Awaji Island and revitalize the region.
- * Park-PFI: Park-Private Finance Initiative. A new method of developing and managing urban parks that utilizes the funds and expertise of private companies through public solicitation.
Community-Based Shopping Center "tonarie Hoshida"
MIRARTH HOLDINGS has jointly developed the community-based shopping center "tonarie Hoshida" (Katano City, Osaka Prefecture) with ES-CON JAPAN.
The neighborhood is within the area of the Hoshida Station North Land Readjustment Project (total area: approx. 26.4 ha), where new developments such as condominiums, detached houses, medical facilities, and parks are underway, and further development is expected in the future. The said commercial facility is conveniently located in front of Hoshida station in this area. As a community-based commercial facility with tenants such as supermarkets, drugstores, 100 yen stores, and a medical mall, we aim to contribute to the development of the area and be loved by the community.
We will contribute to community building and local revitalization by leveraging the commercial facility development and management know-how that we and the ES-CON JAPAN Group have cultivated over the years.
Support for Revitalization of Central City Areas
MIRARTH HOLDINGS Group promotes regional development through its business and is actively involved in community revitalization and community development activities in the areas where it supplies properties.
Incubation Shop
Takara Leben has positioned the store in “LEBEN UEDA CHUO GALLDEA,” which is in a corner of the Unno-machi shopping street in Ueda City, Nagano Prefecture, as one of the bases for community revitalization. In cooperation and collaboration with Ueda City, the Ueda Chamber of Commerce and Industry, and the Ueda City Federation of Shopping Associations, we operate an incubation shop that supports new business startups and contributes to the development of businesses.
The Ueda City Federation of Shopping Associations invited new businesses, as well as individual and corporate businesses that have been in business for less than five years, to apply to open a store, and we oversaw developing the store facilities. The first store, Classic Rose, selling sundries and smoothies opened in March 2024. Stall holders will receive management support from the Ueda City Chamber of Commerce and Industry and rent subsidies from Ueda City. This is the first initiative in Nagano Prefecture to revitalize a shopping district while providing full support in terms of management know-how and resources.
Nihonkai Takaoka Nabe Festival, Takaoka Craft Market Street
Takara Leben has been participating in the Nihonkai Takaoka Nabe Festival since 2019, a big event representing Takaoka in winter, where visitors enjoy nabe dishes filled with fresh seafood and vegetables. We will also participate in the “Craft Market Town” from 2021. The keyword of this market town is“craftsmanship,” promoting the attractions of Takaoka City in Toyama Prefecture, a city of traditional crafts and manufacturing that has continued for more than 400 years. In FY2023, we are supporting each of them in the form of sponsorship.
We will assist in the revitalization of the city of Takaoka downtown area by supporting these events.
Takaoka Tanabata Festival
Takara Leben is the co-sponsor of Takaoka Tanabata Festival since 2019, where 1,000 Tanabata of various sizes, including approximately a 20-meter-high jumbo Tanabata, will be gorgeously decorated throughout the city, coloring the night sky in summer. In FY2023, we collaborated with landowners of “LEBEN TAKAOKA MID RISE TOWER” to sell food such as shaved ice, and held a kids' pool and tent sauna experience event together with the landowners.
We will contribute to the revitalization of Takaoka city center through the Tanabata Festival event.
Kofu Tanabata Festival 2023
While Takara Leben is progressing the revitalization of Kofu City as the redevelopment of the former Kofu-Okajima Department Store site underway in Kofu City, Yamanashi Prefecture, in July 2023, the Company sponsored and opened a stall at the Kofu Tanabata Festival to communicate with local residents and convey the company's desire to contribute to the revitalization of Kofu City.
The Kofu Tanabata Festival is a summer tradition in Kofu City, held annually during the Tanabata season. In FY2023, with more than 110 stores, the largest ever, 38 employees staffed the event and sold ice cream and frankfurters, which were well received.
Participation and Support of Community Activities
Participation in General Incorporated Association Koiwa Station Area Management Organization
Several large-scale redevelopment projects are currently underway in the area surrounding Koiwa Station on the JR Sobu Line, which has been in operation for more than 100 years.
Station Area Management Organization (KOITTO*1) was established as an organization for landowners, developers, residents, users, and others to work together to enliven the new Koiwa area to be reborn through redevelopment. MIRARTH HOLDINGS, which is participating in the Minami Koiwa 6-chome Area Type 1 Urban Area Redevelopment Project, is a special supporting member of KOITTO.
KOITTO is engaged in (1) promotion of projects and events that promote regional cooperation and collaboration, (2) operation and utilization of the KOITTO TERRACE area management base, (3) area branding activities in the Koiwa Station area, and (4) consideration of public space utilization in line with the progress of redevelopment.
The area management base KOITTO TERRACE has been established in FIRSTA I in Block I of the redevelopment project, which was completed prior to the project, to promote area management around Koiwa Station.
- *1 KOITTO: A general incorporated association established in November 2020 to engage in area management in the Koiwa Station area; designated as an Urban Revitalization Corporation*2 on March 29, 2022.
- *2 Urban Revitalization Corporation: Designated by the municipality under the Act on Special Measures for Urban Revitalization as a core organization for community development in the land area where public utility facilities necessary for urban revitalization should be intensively developed, etc.
Akabane Noryo Festa
Takara Leben has been participating in the Akabane Noryo Festa since 2018 to contribute to community activities in Akabane.
On August 19 and 20, 2023, 24 employees from the company participated as staff and set up a food stall selling oversized frankfurters and drinks in addition to the customary ice cream. The company's food stall was well received, with customers forming long lines.
The event was a great success with local families, with Bon dancing, hula dancing, live performances by professional musicians, and other events held in the central yard of Akabane Elementary School, the venue of the festival.
We will continue to contribute to community activities by interacting with residents through our participation in the Akabane Noryo Festa.
