TOKYO-Mori Building Co, one of Japan’s major urban landscape developers, on Thursday announced it has begun construction on its Toranomon-Azabudai District Category 1 Urban Redevelopment Project, a project aimed at revitalizing a large area of central Tokyo.
It will include residences, offices, a luxury hotel, retail shops, restaurants, cultural facilities, and an international school.
The landscape developer has become the epitome of capitalism in Tokyo, especially within Minato ward, forging signature landmarks such as the Ark Hills complex, Roppongi Hills, Omotesando Hills and Toranomon Hills.
“We’ve put together everything we’ve learned from our past projects into this new development,” Shingo Tsuji, president and CEO of Mori Building Co Ltd, revealing the cost of this new project at 580 billion yen.
Its core concept is “Modern Urban Village” covering approximately 8.1 hectares – as stated by Mori, a good comparison to New York’s Rockefeller Center. Although the proportion seems less than Mori Co’s previous projects, the new project will occupy more floor space, with a 330-meter-tall, 64-story main tower and a few more buildings, in which some 20,000 workers and 3,500 residents are expected to work and live.
Completion is scheduled for the end of March 2023.