Thursday, June 30th, 2022
CECR

Tokyo In For US$5.4 Billion Infra Development

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Japanese firm Mori Building Co. has started working on a real estate development project worth approx. JPY 580 billion (US$5.4 billion). The project site is near the Roppongi district in central Tokyo. It is named Toranomon-Azabudai project and considering its expanse and scale aims to create a city within a city. It will be home to three high-rise towers which are estimated to cater around 20,000 office workers. It will also have a residential arrangement which will house another 3,500 people.

The idea of this humungous project is to offer a congenial environment in the heart of Tokyo to overseas expats so that they could work, live and learn. One of the three towers will have 64 floors and is set to become the country’s tallest building standing at 330 m. It will also have a luxury hotel brand debuting in the country, a large scale food market and a medical facility. The Toranomon-Azabudai redevelopment is estimated to get over by March of 2023.

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