Mitsui Fudosan rebuilds a Ginza corner and keeps its 1873 art gallery upstairs, watch maison downstairs
Announced in early June, an eight-storey rebuild on Namiki-dori splits neatly in two: a 153-year-old gallery keeps the upper floors, and Jaeger-LeCoultre's Japan flagship takes the ground and three above it, opening mid-August.
Mitsui Fudosan completed construction on the Abe Yoseido Building at Ginza 5-chome, on Namiki-dori, on 31 March 2026, and said on 8 June 2026 that the eight-storey building will house two tenants: Yoseido Gallery, founded in 1873, returning to floors five through eight, and a Jaeger-LeCoultre flagship boutique on floors one through four. Construction began in July 2024. The building sits on a roughly 104-square-metre site and totals about 605 square metres of floor area, with around 442 square metres of leasable tenant space, according to the company.
Yoseido Gallery is due to reopen on 17 August 2026. Jaeger-LeCoultre's Ginza flagship is planned to open in mid-August 2026, according to Mitsui Fudosan; the maison, founded in 1833 in Switzerland's Vallée de Joux, cites more than 1,400 calibre developments over its history. Mitsui Fudosan's release notes that Namiki-dori has seen a wave of building rebuilds in recent years, concentrating watch, jewellery and maison brands along the street.
The stacking is the detail worth noting. Rather than clearing a heritage tenant to make room for a maison flagship — the more familiar Ginza redevelopment story — Mitsui Fudosan has built the two into the same address, gallery on top, watchmaker below, with each keeping its own separate footprint. It reads as a landlord choosing continuity over a clean-slate rebuild in one of the world's most expensive retail streets, on a corner small enough that most developers would have simply maximised for the single highest-paying tenant.
The building complex is not part of floortok's tracked-store set, so it will not appear on the On-the-Floor calendar, but the pairing is worth watching for what it says about Ginza's supply side more broadly: heritage tenants and maison flagships are not always a zero-sum trade for prime frontage, and a developer willing to design around both may find it easier to hold a heritage business as an anchor rather than a holdout.