TOKYO – Mori Building Co has started work on an $8 billion real estate project that will include Japan's tallest building and an emphasis on overseas residents, in the latest sign of developers' bullishness on Tokyo beyond the 2020 Olympics.
Mori Building, known for its "Hills" brand of properties, said on Thursday it began construction this month on the Toranomon-Azabudai redevelopment project, near the Roppongi district in central Tokyo, with costs estimated around 580 billion yen ($8.14 billion). Completion is slated for March 2023.
