August 7, 2000

New Commercial Building, Harajuku Y Building (Tentative Name),
Opens in January 2001


Takenaka Corporation

The following is an outline of the "Harajuku Y Building" (tentative name) currently under construction at 4-31-3 Jingumae, Shibuya-ku, Tokyo by Yoku Moku Co., Ltd. (Head Office: Minami-Aoyama, Minato-ku, Tokyo), and the major tenants.

The building is near the intersection of Omotesando and Meiji-dori, an area known for its high concentration of famous boutiques and fashionable stores that attract young people from around the country. It is adjacent to "t's harajuku", which opened in November 1999. The building embraces an "urban showcase" concept, composed of thematic flagship shops and restaurants designed to enhance creative, original lifestyles. The goal is to create a commercial complex that matches the townscape and the adjacent development, yet gives a fresh impact with its unique use of space and architectural design. The building itself has a simple design emphasizing the glass facade, which allow the shops to reveal themselves to passersby, becoming, in effect, information hubs relaying their lifestyle visions to the surrounding environment. By taking advantage of the unique shape of the site, which is bordered by four separate roads, a "passage" has been built linking the back streets of Harajuku and their ultra-chic retail offerings with Meiji-dori, a major Tokyo artery lined with larger foreign and domestic high-end retail. The effect will be a rerouting of the foot traffic patterns in the area and the union of what were once two distinct shopping areas.

The structure has two basement floors and six abooveground floors, with a total floor area of 5,996 square meters, and a planned tenant make-up of retail stores and restaurants. The car park has space for 28 cars.

The development will target women in their late 20s to late 30s, using a merchandising concept centered on foreign tenants. Tenants planning to enter the building include cosmetics boutique "Sephora" (Sephora A.A.P. Japan), which plans to occupy 1,488 square meters from the first basement floor to the second floor, making this the company's largest flagship shop outside of Paris. The home furnishings retail company BALS Corporation will develop 1,310 square meters of floor space on the third and fourth floors, bringing a cafe and three brands including "Franc franc," "J." and "A Project" (tentative name) that will feature Asian-influenced products in a single shop. The Wacoal Group company Studio Five Corp. will use 177 square meters of floor space on the first floor to open its first direct sales outlet for its "Subito" brand of lingerie and apparel. With regard to the restaurants, Ginza Cruise Corporation will open a nature-theme restaurant in 695 square meters of floor space on the fifth and sixth floors.

The gelato shop Donatello's Japan Co., Ltd. will open "Donatello's Bar" using 48 square meters of floor space on the first basement floor, creating a relaxing environment for women and young people.

The business structure is as follows: the building owner, Yoku Moku Co., Ltd. will rent space to each of the tenants. Takenaka Corporation's Office of Business Development is providing comprehensive project management, from the concept work to tenant leasing and business planning, and is coordinating the construction process along with the building owner.

The projected opening date is late January 2001.

Perspective Drawing of the Harajuku Y Building
(tentative name)


Building Outline

Building Name Harajuku Y Building (tentative name)
Location 4-31-3 Jingumae, Shibuya-ku, Tokyo
Structure/Number of floors Steel, Reinforced concrete (partly); 2 Fl. below and 6 Fl. above ground
Lot area 1,529m2
Total floor space 5,996m2
Operating body Yoku Moku Co., Ltd.
Project Management Takenaka Corporation
Construction Takenaka Corporation
Project Commencement February 15, 2000
Project Completion January, 2001


Area of the shop (m2)
Sephora A.A.P. Japan
BALS Corporation
Ginza Cruise Corporation
Studio Five Corp.
Donatello's Japan Co., Ltd.
6th floor
219.13
5th floor
476.58
4th floor
633.89
3th floor
676.53
2th floor
585.39
1th floor
360.77
176.63
1st basement floor
541.72
48.07
Total
1487.88
1310.42
695.71
176.63
48.07


Outline of the Tenants

Sephora 1,488m2 from the 1st basement floor to the 2nd floor
Outline
General cosmetics retailer based in France in the Louis Vuitton Moet Hennessey Group. To become the company's largest flagship shop outside Paris.
Franc franc, J. and A Project (tentative name) 1,310m2 of floor space on the 3rd and 4th floors
Outline Casual and stylish home furnishings and lifestyle goods.
Ginza Cruise (outlet name not yet decided) 696m2 of floor space on the 5th and 6th floors
Outline Nature-theme restaurant. Name TBA.
Subito 177m2 of floor space on the 1st floor
Outline Colorful selection of lingerie and apparel.
Donatello's Bar 48m2 of floor space on the 1st basement floor
Outline Offering frozen cocktails and other menu items in addition to gelato in a relaxing environment, for the women and young people who gather in Harajuku.


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