Mitsui Fudosan Co., Ltd. Completed construction of “Park Homes Hatsudai The Residence,” a rebuilding project based on the Act on Facilitation of Condominium Reconstruction

Mitsui Fudosan Co., Ltd.
Completed construction of “Park Homes Hatsudai The Residence”, a rebuilding project based on the Act on Facilitation of Condominium Reconstruction
Integrated development with adjacent land to revitalize 50-year-old condominium
Mitsui Fudosan Residential Co., Ltd. (Headquarters: Chuo-ku, Tokyo; President: Toru Kamura) and World Residential Co., Ltd. (Headquarters: Minato-ku, Tokyo; President: Hitoshi Yukawa) have announced that We are pleased to announce that the rebuilding project “Park Homes Hatsudai The Residence” was completed on September 30, 2022. The condominium before reconstruction is located in a location with high transportation convenience, a 2-minute walk from Hatsudai Station on the Keio New Line and within walking distance from Shinjuku Station. It was an apartment. Based on the Act on Facilitation of Reconstruction of Condominiums, after the reconstruction, it will be a condominium with 18 floors above ground and 116 units in total (including 1 office). We will contribute to the further development of This project will be the first completed condominium reconstruction project*2 since the establishment of the condominium revitalization promotion department in April 2021 at Mitsui Fudosan Residential. Based on Mitsui Fudosan Residential’s brand concept of “Life-styling × getting better with age,” we will continue to provide products and services that respond to diversifying lifestyles, and promote the creation of neighborhoods where people can live safely, securely, and for many years to come. , we will contribute to the realization of a sustainable society and SDGs.
[Image 1

[Before rebuilding]
[Image 2

[After reconstruction] “Park Homes Hatsudai The Residence”
Features of this project
・Promote the rebuilding business based on the Act on Facilitation of Condominium Reconstruction.
・By developing two adjacent sites together, the scale will be expanded compared to before the rebuilding, and it will be regenerated into a condominium with a total of 116 units.
・ Contribute to the improvement of disaster prevention and scenery of the region, and contribute to the further development of the surrounding area.
■ Background of this project
The condominium before reconstruction was a condominium built in 1969. It faces an arterial road designated as a special emergency
transportation road by the Tokyo Metropolitan Government. Since seismic reinforcement was difficult due to issues such as the strength of the concrete and construction work, we began full-scale
consideration of rebuilding. Aiming for this, we promoted discussions on integrated development. Mitsui Fudosan Residential provides meticulous support and support for consultations with rights holders of adjacent land, including finding temporary housing during the construction period, consultation on renting housing units after rebuilding, and relocation for those who do not wish to change their rights. , provided support utilizing the comprehensive strengths of the Mitsui Fudosan Group.
The board of directors, centering on the chairman of the management association and the reconstruction association, carefully explains the necessity of condominium regeneration due to the lack of earthquake resistance, the vision of the condominium after rebuilding, etc. to the unit owners and union members. The success of this project was due to the fact that it was shared from an early stage.
■ History so far
February 1969: Completion of condominium before rebuilding
2011: Koshu Highway designated as a specific emergency transportation road January 2015: As a result of the seismic diagnosis, it was found that the earthquake resistance was insufficient.
April 2015: Reconstruction promotion resolution (Mitsui Fudosan Residential was selected as a business collaborator)
December 2017: Reconstruction resolution
July 2018: Reconstruction association established (Mitsui Fudosan Residential and World Residential participated as participating union members)
February 2019: Rights conversion plan approval
May 2019: Start of demolition work
May 2020: Start of main construction
September 2022: Completion of Park Homes Hatsudai The Residence [Image 3

[Park Homes Hatsudai The Residence] Entrance Hall
[Image 4

[Park Homes Hatsudai The Residence] Lounge
*1: Building age at the time of dismantling.
*2: This will be the 8th property completed in the rebuilding project of Mitsui Fudosan Residential.
■Overview of this project
[Table 2: ]
■ Location map
[Image 5d51782-358-26be29212debd6dd2fe1-4.png&s3=51782-358-755b7d81691651b669245399bd5b5886-803x676.png
■ Efforts in the rebuilding business of Mitsui Fudosan Residential Mitsui Fudosan Residential Co., Ltd. is working on countermeasures for aging buildings, which are urgently needed by society, through condominium reconstruction projects and site sales projects, mainly in the Tokyo metropolitan area. We are promoting business while working together with right holders to resolve various issues faced by each condominium, such as reconstruction of a single condominium building, reconstruction of a large-scale housing complex, and joint
reconstruction with neighboring land. In addition, we are promoting it by combining the know-how we have cultivated in numerous rebuilding projects and site sales projects and the collective strength of the Mitsui Fudosan Group. In order to maximize the floor area ratio, we are working to make the revitalization business even better for the right holders, such as by proposing the use of the “special system for relaxing the floor area ratio” and by mediating alternative properties to the right holders.
 We will continue to aim to solve social issues through the rebuilding business and the site sales business that meet the needs of our customers.
– Reference – About “Mitsui Fudosan Residential Condominium
■ Contribution to the SDGs of the Mitsui Fudosan Group
The Mitsui Fudosan Group aims to create a society that enriches both people and the earth based on the philosophies of “coexistence and coexistence,” “connection of diverse values,” and “realization of a sustainable society.” We are promoting business with an awareness of (S) and governance (G), that is, ESG management. By further
accelerating the ESG management of the Group, we believe that we can make a significant contribution to the realization of “Society 5.0” advocated by the Japanese government and the achievement of “SDGs.” In addition, in November 2021, we formulated the following group guidelines regarding “realization of a decarbonized society” and “promotion of diversity and inclusion”. Going forward, the Group will continue to work toward resolving social issues through urban development.
・”Formulate a group action plan to realize a decarbonized society” ・”Diversity & Inclusion promotion declaration and policy formulation” *The efforts in this release contribute to one of the SDGs
(Sustainable Development Goals).
Goal 11 Create a city where people can continue to live
Details about this release:

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