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OTEMACHI the Chain Urban Renaissance Project in Otemachi

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Renaissance of OTEMACHI The Chain Urban Renaissance Project in Otemachi Renaissance of OTEMACHI Contact Urban Renaissance Agency East Japan Urban Renaissance Office Department for Redevelopment of Center of Tokyo Yaesu First Financial Bldg. 18F, 1-3-7 Yaesu, Chuo-ku, Tokyo, Japan 103-0028 TEL. +81-3-52008605 Website http://www.ur-net.go.jp/ (Urban Renaissance Agency) http://www.ur-net.go.jp/otemachi/ (The Chain Urban Renaissance Project in Otemachi) （2017.4） Outline of the Otemachi Area The Otemachi area Akihabara Station and its peripherals Emergency development areas of urban renaissance (Akihabara and Kanda vicinity) The former sites of the Government Complex Buildings 1 & 2 (approx. 1.3 ha) Kanda Station Supplementary Road 96 (Sotobori Street) Loop Route 1 (Uchibori Street) Radial Route 10 (Hibiya Avenue) Avenue) (Hibiya (Hibiya 10 10 Route Route Radial Radial Hibiya Avenue Avenue Hibiya Hibiya Uchibori Street Uchibori Uchibori Street Uchibori The area of otemachi Land Readjustment Project (approx. 17 ha) Inner Circular Route Supplementary Road 98 98 Road Road Supplementary Supplementary Otemachi Station The Otemachi area Tokyo Station The Otemachi area (approx. 40 ha) Radial Route 16 (Eitai Avenue) The Imperial Palace The Imperial Palace Tokyo Station Nihonbashi River/Inner Circular Route The Area of Otemachi Land Readjustment Project Yurakucho Station Special emergency development areas of urban renaissance (Central Tokyo/Waterfront Area) Bird’s eye view from the Kanda side As of Apr. 2006 Creation of a new urban space with an advantage of Present state of the land readjustment area (as of Apr. 2006) historical and cultural backgrounds Otemachi is originated from the town in front of the Otemon gate of The Otemachi in the late Edo era (around 1850) Supplementary Road 94 Imperial Palace (the main gate of the former Edo Castle). Otemachi is a town Otemachi Station (Feudal-Lord Alley) where mansions of feudal lords were standing in rows in the Edo era and Nihonbashi River Kandabashi Inlet, Inner Circular Route Hibiya Avenue thereafter has developed as the center of administration and culture of Japan. There are the buildings of well-known companies such as finance, trade, communication, media, etc. operating 24 hours, standing in rows as well as many public central organizations within this area and, therefore, is playing the JA Building Supplementary Road 98 Private roads Nippon Keidanren Building The Uchibori moat View of the L.R.P. area from the roof of the Urbannet Otemachi Building Nikkei Building central role in Tokyo Metropolis. Otemachi, where you will find remains of the Edo era everywhere, is going to be Figure Legend Supplementary Road 167 Road Supplementary Supplementary Road 167 Road Supplementary The area of Otemachi Land Readjustment Project reborn to correspond to the current in age. City planning to expand functions Over-30-years-old buildings of Otemachi as new social infrastructure has started to sustain developments in Under-30-years-old buildings the future as the most important site for Japanese economy. Supplementary Road 96 Width: 27 m Loop Route 1 (Uchibori Street) Inner Circular Route (The Metropolitan Expressway) Radial Route 10 (Hibiya Avenue) Width: 36 m 36 Width: Avenue) (Hibiya 10 Route Radial - Utilizing the accumulation of history and culture in this area, m 36 Width: Avenue) (Hibiya 10 Route Radial The former sites of the Government Complex Buildings 1 & 2 The former sites of the Government Complex Buildings 1 & 2 Nihonbashi River Supplementary Road 94 (feudal-lord alley) Width: 22 m 22 Width: alley) (feudal-lord 94 Road Supplementary which has been the centre of Japan since the Edo era - (already removed) m 22 Width: alley) (feudal-lord 94 Road Supplementary Edo era ●Streets of large block were formed on premises of feudal lords. ● Width: 40 m Supplementary Road 98 Road Supplementary Meiji era The government offices commencing with Ministry of Finance were located in the Otemachi Chiyoda Road 103 Width: 16 m 98 Road Supplementary area with the establishment of the new government in 1869, after entering the Meiji era. Mound for the Head of Masakado Taira Location: Faces the JR Tokyo Station Nihonbashi exit Early Showa era ●Relocation of government offices to Kasumigaseki advanced after the Great Kanto Supplementary Road 158 Width: 33 m The Nihonbashi River and the Inner Circular Width: 33 m Earthquake and then mass-media and financial institutions built their head offices. Thus the Route, are adjacent on the north side. basic image of the current Otemachi area was formed. Nearest stations: JR Tokyo Station The area of Otemachi Land Readjustment Project After the World War II ●Many office buildings such as Otemachi Building were built accompanying Otemachi Station (the Marunouchi Line, Hanzomon Line, Tozai Line, and Chiyoda 天守閣跡 further advancement of accumulation of central business functions. The stone wall Line of Tokyo Metro and the Mita Line of At present ●Central functions of diverse industries, such as financial, insurance, Tokyo Metropolitan Subways). commercial, communications, and mass-media, are accumulated. Buildings: Approx. 21 buildings ●Mound for the Head of Masakado, the moat, the stone wall and Landowners, etc.: 25 Tokiwabashi Bridge have a historical atmosphere. Tokiwa Bridge The moat 01 02 Outline of the Chain Urban Renaissance Project Flow of Chain Urban Renaissance 8 Blocks including the former 2 3 sites of buildings of landowners 7 who participated in the third-phase U.R.P. will be The lands of the landowners A rebuilding project was 4 1 redeveloped. who desired rebuilding were implemented on the former A rebuilding project was 5 6 “L.R.P” intensively replotted to the sites of the Government implemented on the former former sites of the Government Then the lands of the landowners “Fourth-phase U.R.P ” The Urban Renaissance Agency (UR) Complex Buildings. The project area was sites of the buildings of the Complex Buildings. who desired rebuilding were A rebuilding project was acquired the former sites of the “First-phase U.R.P” expanded in order to landowners who “L.R.P” intensively replotted to the former implemented on the former Government Complex Buildings continue the Chain Urban participated in the sites of the buildings of the sites of the buildings of the (part of which was alienated to the Renaissance. second-phase U.R.P. landowners who participated in landowners who Otemachi Development Co., Ltd. and “L.R.P” “Third-phase U.R.P ” the first-phase U.R.P. participated in the is jointly possessed with UR). “L.R.P” first-phase U.R.P. “L.A.P” The first-phase “Second-phase U.R.P ” U.R.P buildings The former site of the The third-phase U.R.P buildings Government Complex Buildings The second-phase Constructed pedestrian walks U.R.P buildings L.R.P. area Replotting expanded Replotting Replotting L.A.P: Land Activation Project L.R.P: Land Readjustment Project U.R.P: Urban Redevelopment Project Related Events July, 2002 Designation for emergency development areas of urban renaissance (first-phase designation) “Tokyo and Yurakucho Stations and vicinity”. Otemachi will be reborn as a strategic site Jan. 2003 Authorize of the Fifth Urban Renaissance Project “Regeneration of the site for international business by utilizing the former sites of government complex buildings in Otemachi”. Mar. 2003 Inauguration of “The Council for Promoting Otemachi Urban Planning” (consisting of landowners, Tokyo Metropolitan Government, Chiyoda Ward, and The Council for Promoting Redevelopment of Otemachi, Marunouchi, and Yurakucho areas). for global business. Mar. 2004 The Council for Promoting Otemachi Urban Planning confirmed its “Basic Policies” and requested participation of UR in the project. “The Grand Design for Otemachi Urban planning” was proposed (by the Council for the Otemachi Urban Planning Vision). June 2004 Foundation of the Otemachi Development Co., Ltd. Oct. 2004 Conclusion of “The Statement of Mutual Basic Agreement for Otemachi Urban Planning” (among the Tokyo Metropolitan Government, Otemachi plays the central role in Japanese economy as one of the prominent international Chiyoda Ward, UR and Otemachi Development Co., Ltd.). Feb. 2005 Conclusion of “The Basic Agreement Otemachi Urban Planning” (among the Tokyo Metropolitan Government, Chiyoda Ward, UR and business centers in the world with many office buildings of enterprises that are active in the fields of Otemachi Development Co., Ltd.). Mar. 2005 Acquisition of the former site of government complex buildings (1.3 ha) by UR. 1 international finance, communications, and mass-media standing there. Designation of legal city planning in the Otemachi area (including L.R.P). However, buildings are increasingly aging recently and delays in correspondence to globalization May 2005 Conclusion of “The Agreement on Promotion of Otemachi Urban Planning” (among the landowners, UR, Otemachi Development Co., Ltd., and Otemachi Town-planning Co., Ltd.). and advanced informatization have been concerned. June 2005 Proposal of “The Guideline for Landscape Design for Otemachi Urban Planning” (by the Council for Examination of Landscape Design for Otemachi Urban Planning”. Therefore, “The Chain Urban Renaissance Project in Otemachi ” is in progress in order to Nov. 2005 Assignment of the trust beneficiary right on 2/3 of the common possession portion of the former site of the government complex building from the UR to the Otemachi Development Co., Ltd. reconstruct Otemachi as a strategic site for global business by rebuilding aged buildings Jan. 2006 Designation of legal city planning in the Otemachi area (including Special Area of Urban Renaissance). Apr. 2006 Approval of implementation plan of L.R.P. sequentially without suspending their business activities. Sept. 2006 Approval of the replotting plan and designation of provisional replots for L.R.P (In the area of the first-phase U.R.P). 2 Dec. 2006 Approval of the first-phase U.R.P. 3 Mar.–Apr. 2007 Approval of the right conversion plan for the first-phase U.R.P.
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  • Nov 6, 2020 Consolidation of Head Office Functions to Otemachi & Marunouchi Strengthening Group-Wide Business

    Nov 6, 2020 Consolidation of Head Office Functions to Otemachi & Marunouchi Strengthening Group-Wide Business

    November 6, 2020 Mizuho Financial Group, Inc. Mizuho Bank, Ltd. Mizuho Trust & Banking Co., Ltd. Mizuho Securities Co., Ltd. Consolidation of head office functions to Otemachi & Marunouchi Strengthening group-wide business promotion structures and adopting new working styles The Head Office functions of Mizuho Financial Group, Inc. (President & CEO: Tatsufumi Sakai); Mizuho Bank, Ltd. (President & CEO: Koji Fujiwara); Mizuho Trust & Banking Co., Ltd. (President & CEO: Kei Umeda); and Mizuho Securities Co., Ltd. (President & CEO: Koichi Iida) will be consolidated into Tokyo’s Otemachi and Marunouchi area following the completion of the new Mizuho Marunouchi Tower (located at 1-3-3 Marunouchi, Chiyoda-ku, Tokyo). Consolidation of our Head Office functions will enable us to strengthen our business promotion structures on a group-wide basis. We will also provide workplaces where employees can continue to work dynamically and achieve professional growth, and continue generating new value through original ideas and ingenuity, and these workplaces will enable the realization of new working styles at Mizuho. Our concept of “New Workplaces + New Working Styles” will propel Mizuho’s growth as an attractive company where each employee can work dynamically, and will enable us to create even more new value than before as we further accelerate our transition to the next generation of financial services. 1. Strengthening group-wide business promotion structures - Customer service functions will be consolidated into the newly completed Mizuho Marunouchi Tower, and business management functions will be consolidated into Otemachi Tower (located at 1-5-5 Otemachi, Chiyoda-ku, Tokyo), which houses the Mizuho Financial Group Head Office. - We will bolster Mizuho’s strong group coordination across our banking, trust banking, and securities entities, building a structure that facilitates speedier and more group- wide formulation and execution of business strategy.