Mitsubishi Estate Co. wants to build the tallest skyscraper in Japan's financial district, aiming to construct a 61-story building in Tokyo, part of a larger plan to develop a new international financial district downtown. The high-rise near Tokyo Station is estimated to cost ¥1 trillion (or roughly $8.25 billion), and will hopefully jumpstart the development of a business center and "stand out in the world as a symbol of Tokyo," said Mitsubishi Estate President Hirotaka Sugiyama.
If built—with plans to start construction in 2023 and finish by 2027, don't hold your breath—the structure would eclipse the Abeno Harukas in Osaka, which reaches 60 stories above ground. Observers see this as a sign of strength in the high-end of the Tokyo real estate market. While the building is relatively short compared to the new generation of supertalls around the world, it's high for an earthquake-prone country; Mitsubishi says it's seismic-resistance technology will protect the structure.
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