Mastering Okushibu! Did You Know a New Alley Connecting From Udagawa Street to the Northern Streets is Being Built?

A new alley and commercial building, accessible to everyone, is under construction, connecting Udagawa Street to the northern streets.

Key Points of This Release:

- A new commercial building with an approximately 1m wide alley is under construction along Udagawa Street in Shibuya.

- This alley will create a shortcut from Udagawa Street, which previously required a detour, to the streets on the north side.

- The project is being handled by Trust Five Inc., a developer of small-scale commercial buildings, with completion scheduled for May 2027.

This might be good news for those familiar with Okushibu, Orchard Road, Udagawa Street, and Abema Towers.

A commercial building (tentative name: Coretas Shibuya V) with an alley that allows passage to the northern streets is currently under construction along Udagawa Street.

Previously, one had to go around to move from this section of the Udagawa Promenade to the northern streets, but the new alley will allow for quick passage.

In the heart of the city, a narrow path about 1 meter wide, inaccessible to cars and motorcycles.

It has a unique atmosphere and is likely to become an accent to the Udagawacho area.

The building with this alley is being constructed by Trust Five Inc., a real estate development company specializing in small-scale commercial building development. Completion is scheduled for May 2027.

The exterior design of the building itself is also stylish and fitting for Okushibu, so please look forward to its completion.

Outline of (Tentative Name) Coretas Shibuya V

Conceptual rendering of the building with an alley, "(Tentative Name) Coretas Shibuya V"

Trust Five Inc. (Head Office: Chiyoda-ku, Tokyo; President: Ryuji Minamizono) is engaged in the development of the "Coretas" series of small-scale commercial buildings, operating mainly in the southern and western areas of central Tokyo. (Tentative Name) Coretas Shibuya V is the fifth commercial building we are developing in the Shibuya area.

(Tentative Name) Coretas Shibuya V aims to be a commercial facility that contributes to the creation of new value in the Okushibuya area, which is vibrant with both domestic and inbound demand.

As of June 2026, foundation work is underway, with completion scheduled for May 2027.

Property Overview

Property Name: (Tentative Name) Coretas Shibuya V

Location: 30-50 Udagawacho, Shibuya-ku, Tokyo (Lot number)

Access: 9-minute walk from Shibuya Station (JR Yamanote Line, etc.)

Purpose: Commercial (Retail)

Completion Date: Scheduled for May 2027

Number of Floors: 8 above ground

Site Area: 91.76 sq m

Maximum Height: 28.60 m

Structure: Steel frame

Total Floor Area: 286.46 sq m (86.65 tsubo)

Construction Period: March 2026 - May 2027 (Scheduled)

Architectural Design: SALHAUS Corporation

General Contractor: Aoki Corporation

Map of the Surrounding Area

Latest information on (Tentative Name) Coretas Shibuya V here

About the Small Building Brand "Coretas"

The mission of 〈Coretas〉 is to support tenants full of potential.

With a creed of "Tenant First," we build small buildings that add "Core!" (the essential elements) that such businesses need.

What We Value

(1) Our Selection Expertise + Tenant's Passion

We select cities suitable for business and commerce. In particular, we choose distinctive cities where tenants who will shape the future can feel, "I want to compete here."

(2) Small + Excellent Land + High Performance

Although small, we select land with high convenience, customer attraction, and disaster preparedness to support tenant success. We construct buildings equipped with spaces and facilities suitable for the land.

(3) New Construction + Sustainable

We promote the construction of sustainable buildings that meet the quality and performance demanded by tenants, have future adaptability, and consider environmental impact.

(4) Pursuit of Design + Respect for the City

We do not set uniform specifications that prioritize our convenience. We design unique buildings that respect the city and allow tenants, investors, and the local community to coexist and prosper.

(5) Adding "Core!"

We conduct detailed surrounding environment surveys for each project to identify and add the "Core!" that enhances tenant value.

Company Profile

Established 29 years ago. A real estate development company that has been involved in the planning, development, and sales of condominiums in the Tokyo metropolitan area for over 20 years. Leveraging the experience and knowledge gained from years of condominium development, we have also focused on the development of income-generating properties such as office and commercial buildings since 2018. In 2021, we renewed our small building brand to "Coretas."

Company Name: Trust Five Inc.

URL: https://www.trust5.co.jp/

Representative: Ryuji Minamizono, President

Location: 5th Floor, Round Cross Ichibancho, 1-13-3 Ichibancho, Chiyoda-ku, Tokyo 102-0082

Established: February 18, 1997

Capital: 80 million yen

Business Activities: Planning and development of income-generating real estate

Planning, development, and sales of condominiums and detached houses

Real estate consulting and brokerage services

Owned media business