Japan’s Mori Building has started construction on a JPY 580bn (US$5.5bn) real estate development project, which will include the country’s tallest building, in central Tokyo.
The project, dubbed the Toranomon-Azabudai District Category 1 Urban Redevelopment project, aims to create a ‘modern urban village’ covering 8.1 hectares in the heart of Tokyo, the company announced.
Scheduled for completion in March 2023, the development comprises three main towers, as well as facilities including podium buildings and a central square.
The entire project will provide 1,400 residential units, 213,900 sq.m. of office space, some 150 retail shops and about 120 hotel rooms.
There will also be a 14,000 sq.m. international school, a 6,000 sq.m. central square and approximately 9,000 sq.m. of cultural facilities throughout the development.
The development has a green and wellness focus, with 24,000 sq.m. of greenery spanning across the site and on top of podium buildings and 100% of the precinct’s electricity will be drawn from renewable energy sources.
The developer estimates some 20,000 office workers and 3,500 residents will work and live in the area, with 25-30m people expected to visit the precinct every year.
The 64-storey main tower is expected to reach 330m high, becoming Japan’s tallest building until at least 2027 when Mitsubishi Estate completes a 390m tower near Tokyo station.