Notice of Approval of Rights Conversion Plan and Commencement of Construction for the Noborito Station Front Area Class 1 Urban Redevelopment Project

The Noborito Station Front Area Urban Redevelopment Association, its members, and participating members Tokyu Land Corporation (Headquarters: Shibuya-ku, Tokyo; President: Hiroaki Hoshino), Odakyu Real Estate Co., Ltd. (Headquarters: Shibuya-ku, Tokyo; President: Hideshi Igarashi), and Tokyu Corporation (Headquarters: Shibuya-ku, Tokyo; President: Masahiro Horie) are pleased to announce that for the "Noborito Station Front Area Class 1 Urban Redevelopment Project" which they are jointly promoting, the rights conversion plan was approved by the Mayor of Kawasaki City on March 19, 2026, and new construction will commence. This project is a redevelopment project that will integrally develop approximately 0.6 hectares within Block 90 of the "Kawasaki Urban Planning Project Noborito District Land Readjustment Project" being implemented by Kawasaki City. The area surrounding Noborito and Mukogaoka-Yuen Stations is designated as a "Community Living Hub." This project site, located in front of Noborito Station, aims to strengthen the formation of a station front hub by connecting the "station (Noborito Station)," the "community (local residents and resources)," and the "outside (visitors)," thereby enhancing the overall appeal of the area.

Towards its planned completion in fiscal year 2029, we will create a new hub that enhances local vibrancy and convenience, including improving transportation convenience through connection with the station and creating a station front space befitting the gateway to the surrounding area.

Features of this Project (1) Development of a Pedestrian Network We will create a safe and comfortable pedestrian network connecting the "station" and the "community" by developing a pedestrian deck that connects the station and the project site at the same level, as well as by developing vertical access facilities that are convenient and barrier-free, and open spaces that contribute to a comfortable walking environment.

(2) Creation of an Attractive Station Front Hub We aim to create a hub befitting the gateway to the surrounding area, where various functions are harmonized, by incorporating commercial functions and plaza functions that will serve as the "nucleus of vibrancy," tourism support functions that will serve as a base for disseminating local resources, childcare support functions, and urban housing that accommodates multi-generational and diverse lifestyles.

(3) Formation of a Disaster Prevention Activity Base We aim to create a community disaster prevention activity base that will respond to disasters not only for residents and facility users but also for local residents, visitors, and others, by developing plazas, facilities for people stranded during disasters, disaster supply warehouses, and self-generation equipment.

Pedestrian Deck Directly Connected to "Noborito Station" We have appointed NeX & Partners Japan Inc. as the designer of the pedestrian deck that will seamlessly connect the newly created station front hub with Noborito Station. The design is an open structural design that creates new "connections" within the town, integrating with local resources such as Ikuta Ryokuchi and the Tama River that Noborito possesses, as well as the verdant station front plaza. The rational structure, which balances forces with columns on only one side, follows a gently curving alignment.