Business | Mar 25

Shinjuku's Tallest Building Breaks Ground

TOKYO, Mar 25 (News On Japan) - Construction on Shinjuku's tallest building commenced Monday, set to surpass the Tokyo Metropolitan Government Building by 2029.

The groundbreaking ceremony for Tokyo's new skyscraper was part of the redevelopment project at Shinjuku Station's West Exit, attended by officials from Odakyu Electric Railway, Tokyo Metro, and Tokyu Real Estate, who are participating in the project.

The redevelopment initiative, which led to the demolition of the Odakyu Department Store's main building -- a symbol of Shinjuku's West Exit for 55 years, starting two years ago -- will now see the construction of a 48-story tower, approximately 260 meters tall, on the same site.

Upon completion, this building will eclipse the 243-meter tall Tokyo Metropolitan Government Building No. 1, becoming the tallest structure in Shinjuku.

The lower floors of the new tower will feature commercial spaces, while the upper floors will be dedicated to office use, with an opening targeted for the fiscal year 2029.

Shinjuku Station's surroundings are undergoing a transformative redevelopment scheduled to continue until the fiscal year 2046, significantly altering the area's familiar landscape.

Source: TBS


MORE Business NEWS

May 1st marks the celebration of the international labor movement known as May Day. In Osaka, a rally was held where attendees called for the extension of recent substantial wage increases to small and medium-sized enterprises (SMEs) as well.

The earnings reports from Japan's five major securities firms are in, showing strong performances boosted by the rising stock market.

Japan's Ministry of Internal Affairs and Communications announced on April 30th that the number of vacant homes across the country has reached 9 million, setting a new record high.

POPULAR NEWS

In Tokyo, the Chinese population has been on the rise, with Adachi Ward seeing more than double the number from ten years ago.

In the case where Shohei Ohtani's former interpreter was prosecuted for making unauthorized transfers from Ohtani's account, it has been revealed that the mastermind behind the illegal gambling had converted the received money into cash at casinos.

The carcass of a cat was found near a plating factory in Fukuyama City, Hiroshima Prefecture, on March 30th.

Japan's Ministry of Internal Affairs and Communications announced on April 30th that the number of vacant homes across the country has reached 9 million, setting a new record high.

A South Korean man suspected of involvement in the case of a couple's bodies found in Nasu Town, Tochigi, was arrested early Wednesday morning.

FOLLOW US