The Tokyu Plaza Shibuya building to the west of Shibuya Station will be demolished in 2015 and replaced with a larger mixed and retail development.
The 9-storey multi-tenant retail building, which was originally called the Shibuya Tokyu Building, opened in 1965. In celebration of its 50 year history, a number of stores will be holding special sales from January to March 2015, while some of the restaurants which have been in operation since the building opened will prepare special menu items. A temporary gallery with photos of the Shibuya area over the past five decades is also scheduled to open from the end of January.
The building will close at the end of March 2015. Construction of the new building is scheduled to start in 2015 with completion in 2018.
The redevelopment forms part of the Dogenzaka 1 Chome Station Front District Redevelopment Plan. The Shibuya Station and surrounding area is undergoing a massive redevelopment in the coming years with final completion expected in 2027.
|Current Building||New Building|
|Construction||9 storeys + 2 basements||Construction||18 storeys + 4 basements|
|Retail floor area||16,386 sqm||Floor area||59,000 sqm|
Source: Tokyu Fudosan Holdings News Release, December 11, 2014.