Roppongi, one of Tokyo’s most iconic neighborhoods, is set to undergo a remarkable transformation with the ambitious “2nd Roppongi Hills” redevelopment project. Spearheaded by Mori Building Co. Ltd. and Sumitomo Realty & Development Co. Ltd., this mega-project aims to commence construction in the fiscal year 2025 and complete it by the fiscal year 2030.
The Birth of 2nd Roppongi Hills
In the heart of Minato Ward, Roppongi has witnessed the rise of several iconic developments like ARK Hills, Roppongi Hills, and Toranomon Hills. The “2nd Roppongi Hills,” officially known as the “Roppongi 5-chome West District Redevelopment,” promises to be one of Tokyo’s largest redevelopment project, covering an expansive area adjacent to Roppongi Hills and Roppongi Intersection. This project will transform approximately 80,000 square meters of land into a modern urban oasis. With a total floor area of approximately 1.08 million square meters.
Revitalizing Roppongi
When one thinks of Roppongi and its iconic skyline, Roppongi Hills often comes to mind. However, on the flip side of this thriving neighborhood, there are pressing concerns. These concerns, recognized by major developers, encompass issues like narrow streets, aging buildings lacking earthquake resistance, especially along vital emergency routes, and apprehensions regarding sediment-related disasters. Furthermore, traffic congestion around the bustling Roppongi intersection remains a prominent issue, compounded by overcrowding within the subway station and a deficiency in accessible pathways for all.
The “2nd Roppongi Hills” project is poised to confront these challenges head-on and elevate the area’s infrastructure to transform Roppongi comprehensively. This transformation will manifest through the development of station plazas, the reconfiguration of road networks, and the establishment of accessible pathways spanning the entire district. The ultimate aim is to promote rational, sustainable land usage and amalgamate diverse urban functions, ultimately reshaping Roppongi into an irresistible mixed-use urban center.
As infrastructure is revitalized and urban functions are amalgamated, the attractiveness of Roppongi as a real estate investment destination is bound to increase. The reconfiguration of road networks and the development of station plazas will likely enhance accessibility, making the area more appealing for businesses, residents, and tourists alike. Moreover, the commitment to sustainable land usage and the creation of a mixed-use urban center can position Roppongi as a long-term investment hub, offering a diverse range of real estate opportunities.
Prime Location
Situated in the Minato-ku district, the project encompasses Roppongi 5 & 6-chome, Azabujuban 1-chome, and enjoys excellent connectivity with nearby stations, including the Tokyo Metro Hibiya Line/Toei Oedo Line “Roppongi Station” and Toei Oedo Line/Tokyo Metro Namboku Line “Azabu-juban Station.”
Two decades have passed since the inception of Roppongi Hills, a development that significantly altered Roppongi’s perception as solely a nightlife district into a thriving urban hub, significantly enhancing accessibility. With the arrival of “2nd Roppongi Hills,” expectations are high for Roppongi to undergo further urban revitalization, offering improved accessibility and a more refined, modern living experience throughout the district.
Looking Ahead
Roppongi is shaping up to be not just a revitalized urban district but also an attractive destination for investment and real estate acquisition. With the “2nd Roppongi Hills” project in full swing, the area’s allure is set to grow exponentially. Investing in Roppongi offers a unique opportunity to be part of a transformative journey that will see this district evolve into a sophisticated international city, blending cultural richness, commercial vibrancy, and modern conveniences.
At Housing Japan, we specialise in buying, selling, and managing residential luxury real estate in central Tokyo. Whether you are a local resident or simply seeking a second home or temporary residence for business trips, we have you covered. Our one-stop service includes expert management services, so you can sit back and relax knowing that everything is taken care of. Whether you are looking for a luxurious living experience or an investment opportunity, we are here to help you every step of the way. Reach out to us today for more information or to explore properties in this area. Our dedicated agents are ready to provide expert advice, tailoring solutions to match your unique goals and preferences.
Source: Minato City Sept 26th 2023, The Nikkan Kensetsu Kogyo Shinbun April 12th 2023
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