Tokyo's 2nd tallest building to open this month

Posted at 06/04/14 4:08 PM

TOKYO - A new 52-story skyscraper built on the road that connects key facilities of the 2020 Tokyo Olympics will open June 11, its developer Mori Building Co. said Wednesday, as the capital city steps up redevelopment ahead of the world's biggest sporting event.

A ceremony Wednesday marked the completion of the 247-meter-high Toranomon Hills, the second tallest building in Tokyo after the 248-meter-high Midtown Tower in Roppongi district. The complex was built in the Toranomon business district, central Tokyo, with a total investment of 140 billion yen.

"It usually takes a long time to complete a city development," Mori Building President and Chief Executive Officer Shingo Tsuji told a press conference at the new building. "But it's different this time because we have the target year 2020."

"We'd like to create a new international city, starting with Toranomon Hills," Tsuji said.

The new tower was built right above a newly built 1.4-kilometer underground road that connects Toranomon to another business center Shimbashi.

The road, modeled on the Champs-Elysees in Paris, will be extended to eventually link the main Olympic stadium, about 2 km northwest of Toranomon Hills, to bayside areas in southern Tokyo that will accommodate the athletes' village and competition venues.

The new complex houses offices on the sixth to 35th floors with 164 hotel rooms and 172 residential units above the office floors. The Andaz luxury hotel, which is part of the Hyatt group, will make its first foray into Japan.

Toranomon Hills also has conference halls, restaurants and other retail shops.

Other big development projects in Tokyo are also planned or under way ahead of the Olympics.

Among recently outlined development plans, Mitsui Fudosan Co. said last week it will raise more than 300 billion yen to partly fund new office and retail facilities in the Nihombashi and Yaesu areas near Tokyo Station.

A consortium of Mori Building and three other companies will build the biggest office-shopping complex in Tokyo's upscale commercial district Ginza by 2016.

East Japan Railway Co. plans to establish a new station for its Yamanote loop line, which encircles Tokyo's downtown area, before the 2020 Olympics.