On March 9, it was announced that the Governor of Tokyo had authorized the establishment of an urban redevelopment association for a type-1 urban redevelopment project planned for the southern section of the eastern district of Hirakawa-cho 2-chome. With this authorization, the project will move forward to bring to fruition.

The area covered by this project is a site of approximately 0.7 hectares covering all of parcel 2-15 and part of parcel 2-16 in Hirakawa-cho, Chiyoda-ku, Tokyo. The Tokyo Metro?s Hanzomon Line runs beneath the central portion of this site, which also faces Aoyama-Dori (National Highway 246) and Route 4 of the Shuto Expressway.

In September 2006, Taisei Corp. was named the designated agent handling design and construction of this project. As the project operation manager and a participating member of the association, Mori Building Co., Ltd. will prepare the project plan and organize construction plans.

Using multiple subdivided sites in combination, this project will resolve issues related to use of land involving subway structures and will form an attractive, graceful urban space combining work and living facilities. The project will improve disaster resistance and environment such as greening efforts throughout the area, and will also minimize environmental impact.

In the 2007 fiscal year, this project will move forward with the process of obtaining authorization for conversion of land-use rights and will begin construction, working toward a target completion date during the 2009 fiscal year.