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Harumi Flag development renderings and Mitsui Fudosan CEO Masanobu Komoda. (Harumi Flag, Getty)
Some of the condominium buyers in Tokyo’s Olympic village are seeking compensation for delays to their move-ins.
Occupancy at the master-planned Harumi Flag complex was to begin in 2023, but that has been pushed back at least a year, according to Reuters. The complex is set to house athletes competing in the pandemic-delayed Summer Olympics, now set to begin in July.
Two dozen buyers of Harumi Flag units want payment from the community’s development team 10 companies with Mitsui Fudosan Residential https://therealdeal.com/new-research/topics/company/mitsui-fudosan/ as a lead developer. They have entered civil mediation proceedings.
JapanTokyoLos-angelesMitsui-fudosanMasanobu-komodaDennis-lynchReutersHarumi-flagSummer-olympicsMitsui-fudosan-residentialDowntown-losஜப்பான்