Completion of Entertainment District in Minatomirai 21 District – MM60/61 Project Certified by Minister of Land, Infrastructure, Transport and Tourism
February 18, 2025 20:00
The Ministry of Land, Infrastructure, Transport and Tourism (MLIT) announced today that it has certified the MM60/61 Project as an urban redevelopment project under the Urban Renaissance Act. The project will create a new entertainment district in Minatomirai 21, a waterfront area in Yokohama City.
The MM60/61 Project is a joint venture between Mitsubishi Estate Co., Ltd. and Nippon Telegraph and Telephone Corporation (NTT). The project will construct two high-rise towers on a site adjacent to the Yokohama Landmark Tower, one of the tallest buildings in Japan. The towers will house a variety of entertainment facilities, including a movie theater, a concert hall, a shopping mall, and a hotel.
The project is expected to be completed in 2027 and will create approximately 2,000 new jobs. It is also expected to attract more than 10 million visitors per year.
MLIT Minister Tetsuo Saito said, “The MM60/61 Project is a major undertaking that will revitalize Minatomirai 21 and contribute to the growth of the Japanese economy.”
The certification of the MM60/61 Project is a significant milestone in the development of Minatomirai 21. The project is expected to further enhance the area’s position as a leading destination for tourism and entertainment.
Additional Information
- The MM60/61 Project is the largest private-sector urban redevelopment project in Japan in recent years.
- The project is financed with a total investment of approximately 1 trillion yen (approximately US$9 billion).
- The project site is a 6.1-hectare lot adjacent to the Yokohama Landmark Tower.
- The two high-rise towers will be 260 meters (approximately 850 feet) tall.
- The project will also include a new public square and a pedestrian bridge connecting Minatomirai 21 to the Yokohama Station area.
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国土交通省 a new article on 2025-02-18 20:00 titled “みなとみらい21地区においてエンターテインメント街区の完成 〜MM６０・６１プロジェクトを国土交通大臣が認定〜”. Please write a detailed article on this news item, including any relevant information. Answers should be in English.
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