Demolition of "Red Prep" underway
A Vanishing Symbol of the Bubble Economy
January 11, 2013, Tokyo, Japan - The Grand Prince Hotel Akasaka stands 30 meters shorter than the original height of 139 meters as demolition work continues at Tokyo's upscale residential and commercial area of Akasaka on Friday, January 11, 2013.
Opened in 1955, the 39-story hotel once boasted spectacular night view of the nation's capital closed the visitors' book on its 55-year history in June 2011. Once the building is totally demolished, railway and hotel operator Seibu Holdings will construct two buildings - a 36-story structure consisting of offices, a hotel and a commercial complex; and a 24-story building comprising rental apartments that are scheduled to open in summer 2016. (Photo by Natsuki Sakai/AFLO) AYF -mis-