One of Japan’s Largest Park-PFI Projects Combining a Park and
Stores Hisaya-odori Park to Open in Fall 2020
A New Symbol of Nagoya that Combines Both Topicality and the Everyday
June 23, 2020
Mitsui Fudosan Co., Ltd.
Tokyo, Japan, June 23, 2020 - Mitsui Fudosan Co., Ltd., a leading global real estate company headquartered in Tokyo, announced today that Hisaya-odori Park (*1) combining a park and stores located in (the northern, Nagoya TV Tower area of) Hisaya Odori Park in Sakae-ku, Nagoya, will open in fall 2020.
This project was undertaken based on the Sakae Area Grand Vision formulated by the City of Nagoya and advanced after Mitsui Fudosan was selected in February 2018 to carry out renovations in the area from Nishiki-dori to Sotobori-dori after tenders were opened in October 2017. This project will be the largest of its kind in Japan to use the Park-PFI system (*2) to set up, operate and manage 24 retail facility buildings in a park running north to south for approximately 1 kilometer.
In the retail facilities, 35 stores will open, including nationally popular dining and sales stores, and in its role as a place for residents to take an everyday break, providing an array of services including fashion, sports, dining, communication and refreshment. Through this project, the park will create new value and become a new symbol of Nagoya that communicates a variety of information.
- Hisaya-odori Park (*1) is the name for (the northern, Nagoya TV Tower area of) Hisaya Odori Park.
- The Park-PFI system refers to the park private financing initiative newly established following a 2017 revision of the Urban Park Art (Act No. 79 of 1956) to set up facilities in public parks through public bidding to enhance use of parks through restaurants, stores, etc., and use part of the proceeds of these facilities for the maintenance and renovation of special park facilities such as paths and plazas that can be used by general parkgoers.
Response to COVID-19
Further details will be announced later regarding the timing of store openings, business hours and measures such as the Three Cs measures to prevent the spread of COVID-19.
- Details of this news release may change depending on factors such as requests made by the national or local governments due to circumstances surrounding the spread of COVID-19.
- Customer and employee safety and security will be given the highest priority when operations start and rigorous measures are being taken to prevent spreading the virus.
*All images are shown for illustration purposes only.
An artist’s impression of Hisaya-odori Park(Viewing the Nagoya TV Tower from Nishiki-odori)
An artist’s impression of Hisaya-odori Park(Viewing the water basin from the facility)
Key Points of this Press Release
- Hisaya-odori Park, one of Japan’s largest Park-PFI projects, will open in Fall 2020
Hisaya-odori Park operations will be constantly maintained under the Park-PFI and designated manager systems, improving park quality and visitor convenience while acting as a driving force for future park activities.
- Openings of 35 stores and restaurants, including some for the first time in Nagoya
A rich lineup of approx. 35 contemporary stores, including 22 opening in Nagoya for the first time, will raise visitors’ enjoyment of park life to a new level and delivering enjoyable experiences through a variety of different scenarios.
Opening of Hisaya-odori Park at the Center of Sakae and a Base for Nagoya’s Bustle
he Nagoya Station and Sakae areas are central to Nagoya’s bustle and Nagoya Castle, the center of historical tourism, is a symbolic base for sightseeing in Nagoya. Looking ahead, with the (planned) 2027 opening of the Chuo Shinkansen maglev line, the synergies of these three areas is expected to create further bustle in the area.
The opening of Hisaya-odori Park in Sakae-ku will enhance the liveliness of all of Nagoya.
Map of Central Nagoya Area
Park Improvement Policy for Reorganized Urban Infrastructure
Revitalizing Hisaya Odori Park is a leading project with a ripple effect that will invigorate the entire Sakae area. A full reorganization was carried out to make the park even easier to use for residents and tourists from within and outside of Japan.
Toward Creation of Cultural Communication and a Base for Interaction
Each visit to Hisaya-odori Park provides space for creating communities that encounter new people, goods, experiences, and culture with each visit, exchange diverse sensitivities, and create new value. The park pursues both topicality, as a new tourist resource for Nagoya, and the everyday, as a place to relax, and aims to become a platform to add a smile to the area at any time at all. By connecting with activities and events in the area, bustle in the park will ripple out to the surrounding area.
Four Zones that Combine Topicality and the Everyday
- Nagoya TV Tower was Japan’s first broadcasting tower, built in 1954. It is now designated as a National Registered Tangible Cultural Property and makes it “The Face of Nagoya.”
- Communication pods (Retail facilities): Communication pods refer to each of the retail facilities within Hisaya-odori Park. Each retail facility works as a partner to create bustle within the park and provides support for emergency contacts, guiding and creating liveliness within the park.
List of stores
Overview of “Hisaya-odori Park” Project
|Marunouchi 3-Chome, Nishiki 3-Chome and others, Naka-ku, Nagoya
|Approx. 54,122 m2 (approx. 580,000 ft2)
|2-story steel structure (partially single story)
|Approx. 8,062 m2 (approx. 87,000 ft2)
|Rental floor space
|Approx. 7,243 m2 (approx. 78,000 ft2)
|Number of stores
|Adjacent to Sakae Station on the Nagoya Municipal Subway
Higashiyama Line and Meijo Line
Adjacent to Hisaya-odori Station on the Nagoya Municipal Subway
Meijo Line and Sakura-dori Line
|Hours of Operation
|Park: Open 24 hours (Some facilities are inaccessible at night)
Stores: 11:00-23:00 (planned)
* Store operation hours differ depending on the store
|Mitsui Fudosan Co., Ltd.
|Nikken Sekkei Ltd., TAISEI CORPORATION
|Landscaping and planting
|Iwama Garden Create Co., Ltd.
|Designated park manager
|Mitsui Fudosan Co., Ltd.
* The above list is current as of June 23, 2020, and is subject to change.