Tokyo skyline reaches for new heights with $5 billion Mori project

Tokyo skyline reaches for new heights with $5 billion Mori project
22/08/2019 , by , in INTERNATIONAL

Mori Building Co is spending more than $5 billion on a massive real estate project in Tokyo, creating a city within a city with everything from offices, a British school and vegetable gardens to the tallest building in Japan.

The Japanese developer [MRBLD.UL] known for its “Hills” brand of properties said on Thursday it had started construction this month on the Toranomon-Azabudai redevelopment project, near the Roppongi district, with costs estimated around 580 billion yen ($5.5 billion). Completion is slated for March 2023.

The project, yet to be officially named, will include three high-rise towers for about 20,000 office workers and 3,500 residents. The 64-floor main tower will reach 330 meters (1,080 feet).

That will surpass the 300 meter Abeno Harukas in Osaka, which opened in 2014, to become the country’s tallest building – at least until around 2027 when Mitsubishi Estate (8802.T) completes a 390 meter high-rise at its Tokiwabashi project near Tokyo station.

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