The Yaesu 2-chome Naka-area Type 1 Urban Redevelopment Project is the largest project of its kind and the culmination of three redevelopment projects in front of Tokyo Station. construction is scheduled to begin on August 8, 2024 and to be completed at the end of January 2029.
Project Key Specifications
- Site area: approx. 2 ha
- Total floor area: approx. 390,000 m²
- Number of floors/height: 43 above ground / 3 basement levels, height: approx. 227 m
- Main uses: Offices, stores, theaters, serviced apartments, international school, bus terminal, parking, etc.
- Owner: Yaesu 2-chome Naka Area Urban Redevelopment Association
- Members: Kajima Corporation, Sumitomo Realty & Development, Urban Renaissance Agency, Hankyu Hanshin Real Estate, Hulic, Mitsui Fudosan
- Project cost: Approx. 320.4 billion yen
The project is a mixed-use development that will not only provide office space, but also commercial facilities, theaters, serviced apartments, an international school, a bus terminal, and other facilities.
Yaesu 2-chome Naka District from the perspective of real estate investment value
Superiority of Location Value
The Yaesu 2-chome Naka area is located at the Yaesu Exit of Tokyo Station and boasts excellent access to both domestic and international destinations, with easy access to multiple train lines including the Yaesu Exit of JR Tokyo Station (3-minute walk, direct underground connection) and Kyobashi Station on the Tokyo Metro Ginza Line (2-minute walk, direct underground connection). The area has a very high value as a transportation node.
Synergistic Effects with Surrounding Areas
By connecting Tokyo Midtown Yaesu, Yaesu Underground Mall, and Kyobashi Edogran via underground passageways, a pedestrian network will be constructed connecting Tokyo Station to Kyobashi Station on the Ginza Line, further enhancing the circulation around Tokyo Station. In addition, the construction of one of the largest express bus terminals in Japan, with a total of 20 berths in the three districts, will strengthen the transportation nodal function.
Environmental and Disaster Prevention Value
In this project, a co-generation system (CGS), which is an emergency generator and a permanent generator, will be installed in the building to provide electricity and heat supply services. In conjunction with the CGS in "Tokyo Midtown Yaesu," the project is designed to reduce environmental impact and strengthen BCP measures. In the event of a power outage, the CGS is capable of supplying 100% of normal electricity for 72 hours and 50% of normal electricity after 72 hours, thus providing a system that supports the BCP of tenant companies.
Future Asset Value
The redevelopment of the Yaesu area is not a mere reconstruction, but is being promoted with the clear goals of "improving international competitiveness" and "realizing a sustainable society," and thus is expected to increase asset value over the medium to long term. In particular, the development of an international school and serviced apartments will directly contribute to the improvement of international competitiveness as a function of meeting the needs of foreign workers and their families.
Summary: The Future of the Yaesu Nichome Naka District
The Yaesu 2-chome Naka District is the culmination of three redevelopment projects in front of Tokyo Station, and is an important project that will enhance Tokyo's international competitiveness and contribute to the realization of a sustainable society. With a site area of approximately 2 ha and a total floor area of approximately 390,000 m², the district is expected to bring new liveliness to the area in front of Tokyo Station through the concentration of diverse functions including offices, commercial facilities, theaters, serviced apartments, and an international school.
