Mitsubishi Corporation Urban Development, Inc. (Location: Chiyoda-ku, Tokyo; President and CEO: Kenji Morita; hereinafter "Mitsubishi Corporation Urban Development") and HASEKO Corporation (Location: Minato-ku, Tokyo; President and Representative Director: Satoshi Kumano; hereinafter "HASEKO") announced on April 15, 2025 that the companies have begun construction on the Kamakura Kajiwara Retail Facility Project (tentative name) in Kajiwara in the city of Kamakura, Kanagawa Prefecture (hereinafter the "project site"). Completion of the project is scheduled for the summer of 2026.

Under the project plan, Mitsubishi Corporation Urban Development will acquire a section of a former Chugai Pharmaceutical Co., Ltd. factory site that was acquired by HASEKO in 2022, and together with HASEKO will develop a retail facility on the section. The companies plan to develop the facility with a supermarket and home center as its central features, creating a facility that will enrich everyday living for the community and contribute to building a vibrant urban area.

The project site is located 7 minutes by foot from Shonan-Fukasawa Station on the Shonan Monorail Enoshima Line, in a quiet residential zone between the ancient capital of Kamakura and the Shonan beach area.

In October 2023, plan approval was granted for the Muraoka-Fukazawa District Land Rezoning Project, a project of the Urban Renaissance Agency on the north side of the project site. Work subsequently began with completion slated for 2033. As a component of the district rezoning project, Muraoka-Shin Station (tentative name) is scheduled to open in 2032 as the first new station on the JR Tokaido Line in 107 years. The project site is located within 1 km of the planned site of the new train station. Urban development connected to the opening of the train station is expected to ramp up retail and community activity.

With "To contribute to society by creating an optimal environment for cities and people" as its corporate philosophy, the HASEKO Group engages in a variety of businesses centered on condominiums. Since 1969, it has constructed over 710,000 new for-sale condominium units. Under the HASEKO Evolution Plan, the Group's Medium-term Business Plan launched in April 2025, HASEKO will realize sustainable growth and enhanced corporate value as a leader in "housing" and "living" by evolving its three business fields of “construction-related business,” “real estate-related business,” and “condominium management and operation-related business.”

Drawing on its track record of building over 710,000 condominium units and its know-how gained through service-related businesses, the HASEKO Group is advancing its HASEKO Well-Doing Smart City plan aimed at building cities that circulate prosperity under the concepts of autonomous circulation of energy and resources, active circulation of people and activities, and fluid circulation of land and space.

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, 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 arena development and 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.