Tokyu Corporation, L Catterton Real Estate (“LCRE”), and Tokyu Department Store have decided to move The Bunkamura Museum of Art, operated by Tokyu Bunkamura, to the 7th floor of a new facility in Shibuya Upper West Project (the “Project”) being developed on the former site of Tokyu Department Store by the three companies through a joint company named Shibuya Nishi Kaihatsu TMK. In which the three companies will invest. The companies are also pleased to announce that the groundbreaking ceremony for this Project will be held on Tuesday, March 11, 2025, to mark the commencement of construction. The Project is due for completion in FY2029.

This Project creates a new large cultural complex, bringing together retail spaces that suggest sophisticated lifestyles, The House Collective—a small luxury hotel brand making its debut in Japan—and rental urban residences, along with closer integration with Bunkamura through the relocation of the Museum to the new facility.

The Project takes its name from the Shibuya Upper West area, where a number of developments are underway and which includes the former Tokyu Department Store site at the intersection of Shibuya Crossing around the station area and Tokyo’s iconic high-end residential area of Shoto, and extends west to the neighborhoods of Tomigaya, Uehara, and Komaba. Particularly, Shoto has been home to highbrow and dignitaries since the Meiji era. Currently, this area features three cultural facilities, namely, Bunkamura, the Shoto Museum of Art, and the Toguri Museum of Art.

Shibuya Upper West area can be described as “another Shibuya” where the “cultural life” of the people has been passed down through generations, clearly distinguishable from the area around Shibuya Station. Located in “another Shibuya,” and on the site of the former Tokyu Department flagship store, which has established deep relationships with discerning customers and the people of the area over the course of 55 years, this Project is inheriting and passing on the fundamental DNA that is deeply rooted in this place where people seek authentic culture, arts, and genuine prosperity.

Norwegian Architecture and design company Snøhetta, which acts as Design Architect for this Project, will also design The Bunkamura Museum of Art, which will be expanded and relocated to the 7th floor of the facility. By integrating both operations and design, the developers are committed to further evolving the Bunkamura brand, which has grown together with customers since its inception in 1989, and making it an iconic museum in Shibuya that symbolizes a new era of creative innovation.

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March 12, 2025
Tokyu Corporation
L Catterton Real Estate
Tokyu Department Store
Tokyu Bunkamura