Phil Company Completes “Phil Park Minami-Ikebukuro” Near Ikebukuro Station
In May 2025, Tokyo-based Phil Company completed the development of a new retail building, “Phil Park Minami-Ikebukuro,” located a 4-minute walk from JR Ikebukuro Station. The property sits in a high-footfall area near the station’s Seibu South Exit, marking a strategic new addition to the neighborhood’s commercial landscape.
The building is part of the firm’s “Phil Park” brand, which specializes in compact, airspace-utilized retail developments. This 10-story structure spans approximately 167 tsubo (approx. 5,520 sq. ft.) and stands on a highly visible corner lot along Meiji-dori Avenue. Its glass façade maximizes visibility and customer draw.
Phil Company operates under the corporate purpose of “filling urban gaps with creativity,” focusing on niche segments such as airspace retail properties and garage-equipped rental housing. “Phil Park” in particular targets the underutilized airspace above existing parking lots. To date, the company has delivered 219 build-to-suit projects commissioned by landowners and 45 developments based on land acquisition.
Post-COVID, the Ikebukuro area has seen a resurgence in visitor traffic, particularly from international tourists. The district, known for its concentration of aging buildings, offers rare redevelopment potential within Tokyo’s central core. Notably, a major redevelopment is underway approximately 9 minutes from the new building, in the Minami-Ikebukuro 2-Chome 28-Ban-Gaiku District. Led by Mitsubishi Estate, the project consolidates five aging mid-sized buildings into a 20-story mixed-use tower with approx. 13,000 tsubo (approx. 42,960 sq. ft.) of floor area and a planned height of 110 meters, slated for completion by fiscal year-end 2031.
As such, the broader Ikebukuro district continues to draw attention as a key area for urban regeneration.
Key Facts
Property Name: Phil Park Minami-Ikebukuro
Developer: Phil Company, Inc.
Location: 1-12-7 Minami-Ikebukuro, Toshima-ku, Tokyo
Nearest Station: JR Ikebukuro Station – approx. 4 min walk
Number of Floors: 10F
Gross Floor Area: 167.84 tsubo (approx. 5,520 sq. ft.)
Site Area: 26.24 tsubo (approx. 867 sq. ft.)
Completion: May 30, 2025