Japan’s Mori Building tackles 1st redevelopment project in New York

$600m office tower set to be completed in 2031, bolstering overseas business Mori Building's overseas portfolio includes projects in Jakarta, New York and Shanghai. (Source photos by Mori Building, middle is artist's depiction) TOKYO — Japan's Mori Building is taking on a redevelopment project in the U.S. for the first time, joining a New York City project valued at over 100 billion yen ($628 million) as the company seeks growth there to offset headwinds in Asia.

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