#Japan #Shizuoka #Tokyu Corporation #WEAZER #ReSURUGA

ReSURUGA Launches Corporate Bonds for WEAZER 2 Development

ReSURUGA, a joint venture focused on carbon-neutral urban development in the Suruga Bay area, has issued corporate bonds to fund the development of its off-grid accommodation facility, WEAZER 2. The recent bond issuance is supported by major players including Tokyu Corporation and four significant media companies from Shizuoka Prefecture, marking a concerted effort towards accelerating local revitalization and carbon neutrality.

Established with contributions from four partnering companies—Suzuho Shokai, Shizuoka Railway, Toyota United Shizuoka, and ARTH—ReSURUGA aims to lead innovative urban planning in the West Izu region. This includes tapping into sustainable practices that enhance local environments and economies. The success of the original WEAZER project, which offers stunning ocean views coupled with high-quality service and dining, achieved an impressive annual occupancy rate of over 90%, despite the premium price of ¥150,000 per night.

As part of their ambitious plan, the development of WEAZER 2 is currently underway. This new facility, slated for completion this autumn, will feature a more flexible architectural design encompassing a generous 150 square meters of living space on a plot exceeding 1,000 square meters, allowing for ultimate exclusivity with a single reservation option per day.

Project Highlights

The development of WEAZER 2 signifies a step forward in both luxury accommodation and sustainable living. This success follows the original WEAZER model, which not only functions independently of conventional utilities but also integrates renewable energy sources.

The innovative WEAZER structure is equipped with autonomous systems for electricity through solar power, stormwater capture and purification systems, and advanced wastewater treatment. This unique approach allows for installation even in areas where traditional infrastructure is absent. ReSURUGA’s goal is to foster a harmonious existence with nature while offering modern living solutions.

Comments from Stakeholders

Several project stakeholders shared their insights and expectations regarding this endeavor:

• - Tokyu Corporation praised the initiative as a vital contribution to the local community’s socio-economic landscape, emphasizing its alignment with decarbonization efforts through hospitality.
• - TV Shizuoka expressed its commitment to sustainable living initiatives, having observed firsthand the groundbreaking capabilities of the WEAZER model during prior engagements. They affirmed their support, stating the importance of pursuing carbon-neutrality in today’s society.
• - Shizuoka Shimbun and Shizuoka Broadcasting affirmed the transformative potential of this project in addressing regional challenges such as population decline, and they are eager to promote the initiative’s progress through their platforms.
• - Shizuoka Daiichi Television mentioned its shared values with ReSURUGA about preserving natural heritage and sustainable tourism, supporting local creation toward revitalization.
• - Shizuoka Asahi Television highlighted its corporate philosophy of fostering local development, feeling honored to contribute to this substantial project aimed at enhancing community and environmental integration.

Future Engagements

To promote transparency and community involvement, an online briefing session will be held on June 9, 2023, inviting anyone interested to participate. This meeting, designed for addressing inquiries about the project, aims to deepen understanding and garner support.

Participants can easily join via the link provided and are encouraged to indicate their name and media affiliation during the entry process. The session will share vital updates on ReSURUGA's developments and plans for the WEAZER project.

Conclusion

ReSURUGA's proactive approach towards leading carbon-neutral urban development not only sets a precedent for future projects but serves as a model of how businesses can effectively contribute to sustainable progress. The forthcoming WEAZER 2 facility is a significant testament to joint ventures focusing on innovation and ecological consciousness. With anticipated support from local enterprises and media, the future of sustainable tourism in Shizuoka looks promising.