Tokyu Corp. plans landmark project in Tokyo

Tokyu Corp., a conglomerate that is the main part of Tokyu Group; L Catterton Real Estate (LCRE), the real estate investment and development arm of L Catterton, the largest global consumer-focused private equity firm; and Tokyu Department Store, Tokyu Group's retail company, have unveiled plans for the Shibuya Upper West Project, a landmark, high-quality, mixed-use project in Tokyo's vibrant Shibuya district.

Located at the intersection of the affluent residential areas of Shoto and Yoyogi, the cultural neighborhoods of Kamiyamacho and Tomigaya, and the lively Shibuya district, Shibuya Upper West Project (currently Tokyu Department Store's flagship store) will feature high-quality retail, a small luxury hotel and rental residences. The concept of the project is "Tokyo's Urban Retreat," an enclave of relaxation combined with art and culture through a collaboration with the cultural powerhouse Bunkamura. Targeting completion in fiscal year 2027, the Shibuya Upper West Project w