Mitsubishi Corporation Urban Development, Inc. (Location: Chiyoda-ku, Tokyo; President & CEO: Kenji Morita) announced that it has begun construction on a Neighborhood Shopping Center (NSC)* in the city of Higashimurayama in Tokyo. Completion of the project is scheduled for the summer of 2026.

*Neighborhood Shopping Center (NSC) is a term used by Mitsubishi Corporation Urban Development for a relatively small-scale shopping center with a supermarket as its core tenant, serving nearby residential areas as a retail center.

Under the project plan, Mitsubishi Corporation Urban Development, Inc. will acquire land and develop a Neighborhood Shopping Center (NSC) with a supermarket as its core tenant. As the core tenant, K.K. Beisia (Location: Maebashi, Gunma Prefecture; Representative Director and President: Takahito Aiki), a chain expanding its store presence primarily in the northern Kanto region, plans to open a store in the NSC, making the facility one that enriches everyday living in the area.

The project site is located in a quiet residential area surrounded by the nature of the Musashino area, 14 minutes by foot from Higashimurayama Station on the Seibu Shinjuku Line. Near Higashimurayama Station, construction work is underway to elevate the railway and remove railroad crossings on the north-south Metropolitan Route 16 (known as Fuchu Kaido) and the east-west Metropolitan Route 129 (known as Taka no Michi) to eliminate local traffic jams. In parallel with this construction work, the East Exit station-front plaza is undergoing renewal, which is expected to further ramp up retail and community activity at the project site.

Taking "To nurture the future of urban spaces through our power to imagine and realize change" as its stated Purpose, Mitsubishi Corporation Urban Development, Inc. engages in real estate and urban development unbound by convention, primarily in the industrial, retail, and entertainment domains. In the industrial domain, the company works in the area of dry logistics warehouses as well as the development of automated and other refrigerated and frozen warehouses, life sciences R&D facilities (iPark Kobe (tentative name)), and shared manufacturing/R&D facilities under the innoba brand. In the retail and entertainment domains, the company engages in the development of urban retail facilities, Neighborhood Shopping Centers (NSCs), and hotels, as well as event projects at Yokohama Red Brick Warehouse and other sites. The company also undertakes large-scale urban development centered on arenas and other features.

Fully leveraging the comprehensive strengths of the Mitsubishi Corporation Group, which interfaces with a vast range of industries and customers in Japan and overseas, Mitsubishi Corporation Urban Development will nurture a prosperous future for cities together with customers and partners.