Construction costs hit record high in Okinawa while nationwide starts hits 58-year low
Construction costs in Okinawa reached a record high of 298,900 Yen per square meter in 2024, the highest level since record-keeping began in 2014 and a 12.9% increase from 2023.Read more
Osaka casino construction to start April 24
Construction of Japan’s first casino is scheduled to begin on April 24. The 49-hectare site is located on Yumeshima island in Osaka, across the street from EXPO 2025.Read more
Construction starts on life sciences building in Toyocho
Mitsui Fudosan has started construction on a life sciences building near Toyocho Station in Tokyo’s Koto ward, with completion expected in the summer of 2026.Read more
250m tall tower to transform Yaesu's office market
Developer Tokyo Tatemono announced the official name of its new skyscraper under construction on the Yaesu side of Tokyo Station. TOFROM Yaesu is a 250-meter tall, 51-story office tower due for completion in early 2026. Redevelopment discussions began in 2000.Read more
Imperial Theatre redevelopment plans announced
Details on the redevelopment of the Imperial Theatre in Tokyo’s Marunouchi district were announced last month. The 59-year old theatre will be replaced with a 155-meter tall, 29-story mixed-use tower. This is a joint venture between Mitsubishi Estate, Toho Co., and the Idemitsu Museum of Arts foundation.Read more
Hulic to redevelop former Mizuho Bank building in Omotesando
Real estate giant Hulic is in the process of demolishing the Hulic Aoyama Building above Omotesando Station. The 9-story office building once housed a Mizuho Bank branch on the lower floors.Read more
Construction giant enters data center business
Construction giant Obayashi Corporation announced its entry into the urban data center market with the establishment of a new development and operational firm called MiTASUN.Read more