Sumitomo Realty Unveils Huge Area Redevelopment Project in Tokyo

Economy Science Technology

Tokyo, Nov. 27 (Jiji Press)--Sumitomo Realty & Development Co. <8830> announced Wednesday the largest area redevelopment project to be undertaken by a single company in Tokyo since 2001.

The project covers 107,000 square meters of land in Koto Ward's Ariake district.

The redeveloped "Ariake Garden" area will feature large-scale commercial facilities, a hotel, an event hall, a theater for exclusive use by Shiki Theatre Co. and three high-rise apartment buildings.

A total of more than 1,500 apartments will become available from next February, while the commercial complex including 200 retail shops and the other facilities will open in phases from April.

Sumitomo Realty aims to attract 15 million visitors a year.

[Copyright The Jiji Press, Ltd.]

Jiji Press