A new 57-story, 1,100-unit residential tower is set to rise in Nakanoshima, Osaka, developed by Kanden Realty & Development, NTT Urban Development, and Sumitomo Corporation, with completion targeted for 2031. Upon completion, it will stand as Japan’s second tallest residential building, just behind Tokyo’s 60-story “The Parkhouse Nishi-Shinjuku Tower 60.” Along with other recent developments around Nakanoshima, the project is indicative of Osaka’s growing presence as a prime location for real estate investment.
Strategic Location and Nakanoshima Redevelopment
The new project is strategically positioned in Nakanoshima, a district undergoing significant redevelopment that is transforming it into one of Osaka’s most desirable residential and commercial hubs. A key advantage of this location is its proximity to the planned Naniwa-suji Line, set to open in 2031, the same year as the tower’s completion. This new rail line will enhance connectivity to major Osaka areas, including Umeda, Namba, and Kansai International Airport, significantly boosting the appeal of Nakanoshima as a prime living destination.
Nakanoshima’s location between the Dojima and Tosabori Rivers has given it the distinct name of Osaka’s “water metropolis. ” It offers a unique blend of urban convenience and scenic riverfront views, making it an increasingly attractive choice for both developers and discerning residents. For instance, Kanden Realty & Development’s ¥30 billion acquisition of Toyobo’s former headquarters nearby in Dojimahama underscores the broader push to elevate Nakanoshima’s status.
Further Development of the Area
A wave of luxury developments also marks the area’s ongoing transformation. In 2017, “The Park House Nakanoshima Tower,” a 55-story residence, was completed. Currently, projects like Mitsui Fudosan’s Park Tower Osaka Dojimahama, a 40-story development slated for completion in 2027, and Kanden’s Sierra Tower Nakanoshima, a 46-story building set to open in 2025, exemplify the ongoing investment in this district. These high-profile projects are steadily elevating Nakanoshima’s reputation as a prime location for luxury residential living.
Conclusion
The surge in luxury developments in Nakanoshima highlights Osaka’s rapid emergence as a key player in Japan’s real estate market. With the addition of a new 57-story residential landmark, enhanced connectivity, and continued investment, Nakanoshima is set to be a premier hub for upscale Osaka living.
