Tokyo, July 12, 2016 - Mori Building Co., Ltd. and Obayashi-Shinseiwa Real Estate Co., Ltd. held today a groundbreaking ceremony to launch their redevelopment of Tokyo's Shinbashi 4-chome area, centering on the Shinbashi No.29 Mori Building, by August 2018. The redevelopment borders Shintora-Dori Avenue, which will connect the Olympic Village and Olympic Stadium planned for the Tokyo 2020 Olympic and Paralympic Games. The undertaking will serve as a model project for the Tokyo Metropolitan Government's plan to develop the area where Loop Road No.2' passes through the Shinbashi/Toranomon district.

The multiuse new building will be located on the corner of Shintora-Dori Avenue and Hibiya Avenue crossing. It will have 15 stories and a floor space of 17,500 square meters. The 3rd to 14th floors will be leased offices (10,000 sq.m. total) built to the latest specifications. The 3rd floor, however, will be reserved for incubation offices to attract energizing innovation into the redeveloped area. Retail facilities on the 1st and 2nd floors will provide shopping conveniences and increase interaction among people in area.
Going forward, Mori expects its modern multiuse building to contribute to the growing magnetism of the Shinbashi and Toranomon districts, and help transform Shintora-Dori Avenue into one of Tokyo's most iconic streets.

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Rendering of new building up close

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Rendering of view from Shintora-Dori Avenue