Tokyu group(http://www.tokyu-fudosan-hd.co.jp/english/) that owns the lands in the central areas of Shibuya holds six huge redevelopping projects of the Shibuya area and the new skyscraper plan is one of them. The name of the building will be “Shibuya Stream” and is to be a highrise of 180 m and the total floor squares will be 116,700 ㎡. According to Tokyu, 1~3 rd floors will be for commercial facilities,4th floor is for incubation offices, 6th is for conference rooms, 9-13rd are for hotel, and 14-35 floors are for office areas. The developper says, the new building is expected to make dedications and contributions for promoting the unique culture being born in Shibuya. The project is to finish its first stage in 2019 and all stages will be finished and open to public in 2027.