Photo/IllutrationAn artist's rendition shows the 330-meter main tower of the new high-rise building Mori Building Co. will construct, center right. Tokyo Tower, which is 333 meters high, is to its right. (Provided by Mori Building Co.)

  • Photo/Illustraion

Mori Building Co. plans to complete construction of Japan’s tallest building in Tokyo’s Minato Ward by the end of March 2023, the company announced Aug. 22.

The 330-meter-tall tower will surpass Osaka's 300-meter-tall Abeno Harukas, currently the nation's highest building.

The high-rise is part of a 580 billion yen ($5.44 billion) redevelopment project in the Toranomon and Azabudai districts in Minato Ward that will cover about 8.1 hectares.

In addition to the main 330-meter tower, Mori Building plans to erect a 240-meter east tower and 270-meter west tower, which will house offices, residences, hotels and other facilities.

About 1,400 residences for about 3,500 people are planned.

Mori Building also plans to include an international school in the complex to attract foreign tenants and businesses.

The project has been percolating for 30 years.

In 1989, Mori Building set up a council to discuss the redevelopment with local residents.

Construction began on Aug. 5 this year.

But Mori Building is not the only player hoping to break records in Tokyo's ever-changing skyline.

Mitsubishi Estate Co. plans to complete a 390-meter building near JR Tokyo Station in fiscal 2027.