A new icon will join the Ginza landscape ahead of the 2020 Tokyo Olympics and Paralympics, as The Yomiuri Shimbun, Mitsui Fudosan Co. and other enterprises announced on Wednesday that a new commercial and hotel building complex will open in the Ginza 3-chome area in Chuo Ward, Tokyo, in spring 2019.
The building will house Ryohin Keikaku Co.'s Muji global flagship store, as well as a hotel overseen by the company - the first of its kind in Japan.
The 58-meter-high, 10-story building with a three-story basement will have a total floor area of about 14,200 square meters.
The new Muji flagship store will occupy basement level one to the sixth floor, and will include its complete range of lifestyle goods and a restaurant.
The tentatively named Muji Hotel, fitted out with Muji furniture, will be housed on floors six to 10. Odakyu Electric Railway Co. subsidiary UDS Ltd. will operate the hotel.
The three-building Marronnier Gate Ginza complex, whose operations began in March after the renovation of the former Printemps Ginza store, is located near the new development.
Marronnier Gate and the new complex will work in partnership to increase the number of visitors, including inbound foreign tourists, to the buildings.
Construction of the new building began on June 15 on land that previously housed the Ginza branch of Tokyo Electric Power Company Holdings, Inc. and other lots.
The Yomiuri Shimbun Holdings and The Yomiuri Shimbun acquired the land from TEPCO in September 2013.
"We welcome the future arrival of Muji, a store that is popular abroad, into the new building under construction in the Ginza district," said a spokesperson from the corporate communication department of The Yomiuri Shimbun Holdings.
"In partnership with Marronnier Gate Ginza, a complex that houses many popular shops such as Tokyu Hands and Nitori, we hope to contribute to the prosperity of the district by offering a space that can enhance the lifestyles of consumers."