The encyclopedia · Strategy & Leadership · Strategic decision · 2004–2026
Coredo Nihonbashi closes after 22 years for the next phase of the district plan
Opened March 2004, Mitsui's Coredo Nihonbashi closes on 15 October 2026; the site returns in autumn 2027 as Tokyo Midtown Yaesu's commercial zone.
Mitsui Fudosan · Coredo Nihonbashi · 2026-10-15
What happened
Coredo Nihonbashi opened in March 2004 — a fashion-led commercial building operated by Mitsui Fudosan Commercial Management, with around forty shops including United Arrows, Nolley's, JINS and Ecco. For twenty-two years it stood in Nihonbashi 1-chome as the district's commercial anchor on the edge of central Tokyo.
Its end was announced on 7 May 2026, and not because the building failed: it sits inside the Nihonbashi 1-chome urban redevelopment project. Floors 2 to 4 close on 15 June 2026, the rest on 15 October, with a 'Thanks SALE' of up to seventy percent off running from 8 May to 15 June. Two tenants — Nihonbashi Nishikawa on B1 and Tomod's on 1F — continue operating past 16 October.
The site comes back in autumn 2027 as the commercial zone of Tokyo Midtown Yaesu, the developer's own next flagship for the district. Coredo's twenty-two-year run ends because the land it occupies became worth more inside the next stage of the master plan than as a 2004 building.
Why it happened
- The district's master plan moved on: when redevelopment reaches a site, even a healthy building gets replaced.
- Operator and developer sit in the same group — Mitsui Fudosan redeveloping its own asset, a portfolio move rather than a retreat.
- Tokyo Midtown Yaesu needs one integrated commercial zone; a twenty-two-year-old standalone building did not fit the plan.
The lesson
Coredo Nihonbashi ran 22 years without failing — and still closed, because its own developer's next project needed the land. In a district master plan, even a working building is temporary.
Aftermath
The site is redeveloped as the commercial zone of Tokyo Midtown Yaesu, opening autumn 2027. Nihonbashi Nishikawa and Tomod's continue through the changeover; the other roughly forty tenants move out, their fates individual to each.
Sources
- Mitsui Fudosan via PR TIMES — "Coredo Nihonbashi to close on Thursday, 15 October 2026", 2026 (closes 15 October 2026; opened March 2004; 2F–4F close 15 June 2026, B1–1F close 15 October; 'Thanks SALE' up to 70% off 8 May–15 June 2026; scratch lottery, ¥500 coupon campaigns; Nihonbashi Nishikawa B1 and Tomod's 1F continue after 16 October; operator Mitsui Fudosan Commercial Management)
- Fashionsnap — "Coredo Nihonbashi to close 15 October, holding Thanks SALE up to 70% off", 7 May 2026 (closes 15 October 2026, floors 2–4 close earlier on 15 June; opened March 2004; redevelopment as part of Nihonbashi 1-chome urban redevelopment project to make way for Tokyo Midtown Yaesu; reopening autumn 2027 as commercial zone; tenants include United Arrows, Nolley's, Ecco, JINS, Oh My Glasses; Nihonbashi Nishikawa and Tomod's continue)
- Mynavi — "Coredo Nihonbashi to close October 2026; 'Thanks SALE' up to 70% off", 12 May 2026 (full closure 15 October 2026; floors 2–4 close 15 June 2026; opened 2004; operator Mitsui Fudosan Commercial Management; Nihonbashi Nishikawa and Tomod's continue after 16 October)
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