Tokyo’s 2025 Redevelopment Projects: What Investors Should Know—Part 2
Tokyo is constantly reinventing itself.
Shibuya Station Area Redevelopment
Overview:
Billed as a "once‑in‑a‑century" urban renewal, Shibuya's transformation spans from 2012 and is now entering its final phase. Completion has been pushed to fiscal year 2034.Major Projects:
Shibuya Hikarie: A 43-story tower completed earlier, hosting creative spaces, offices, theaters, and retail.
Shibuya Stream: Finished in 2018, this 35-floor complex includes offices (like Google Japan), hotel, retail, built over the former Tokyu Toyoko Line route.
Shibuya Scramble Square: Opened in 2019 (East Tower), this development includes offices, shops, and an observation deck ("Shibuya Sky"). Towers (Central & West) will complete by 2031.
Ongoing Enhancements: Complete station overhauls, expanded Hachikō Square, elevated pedestrian zones, underground concourses, and cultural/public spaces are being added to modernize connectivity and appeal.
Investment Implications:
With improved pedestrian flow, retail zones, and public amenities, property values—especially near transit and new plazas—are rising.
