New large-scale retail destination planned for Ginza

J Front Retailing Co Ltd, Mori Building Co Ltd, L Real Estate and Sumitomo Corporation on Wednesday announced they have recently reached a mutual agreement to jointly operate a retail facility forming part of the largest mixed-use building in Ginza developed by the Ginza 6-chome Urban Redevelopment Consortium. The building is expected to open in November 2016.

The Ginza 6-chome District 10 Category 1 Urban Redevelopment Project will comprehensively redevelop an approximately 1.4-hectare site comprising two blocks including the former site of the Matsuzakaya Ginza department store and its adjacent site. With the goal of establishing the center of international retail, business and tourism in Ginza, the project will culminate with the construction of a multi-purpose building comprised of a retail facility covering approximately 46,000 square meters, a large-scale Grade-S office building with typical floor plate of approximately 6,100 square meters -- the largest in Tokyo -- and cultural and exchange facilities including the Kanze Nohgaku Theater.

A new property management company will be established to operate the facility under the concept of “Life At Its Best.”

The retail facility is expected to house 250 to 300 premium tenants ranging from international luxury fashion and lifestyle brands to restaurants and cafes, creating a unique shopping environment. Moreover, the facility will feature a 115-meter-long facade overlooking Chuo Dori, Japan’s prime shopping street, and offer an avant-garde approach to customer services meeting the highest local and international standards by leveraging the experience of the consortium members.

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