Mitsui & Co. Urban Development Completes First ADDREA Rental Apartment in Sumida Ward
ADDREA OSHIAGE, a rental apartment building that Mitsui & Co. Urban Development Co., Ltd. has been developing in Higashi-Mukojima, Sumida Ward, Tokyo, was completed in July 2026. It is the first property under the company's rental apartment brand "ADDREA."
The property is located a three-minute walk from "Hikifune" Station on the Tobu Skytree Line and a nine-minute walk from "Oshiage" Station on the Tokyo Metro Hanzomon Line and Toei Asakusa Line. The building is nine stories above ground with a gross floor area of approximately 473 tsubo (approx. 16,800 sq. ft.). It comprises 16 units each of 1LDK (approx. 30㎡) and 2LDK (approx. 44㎡) layouts. The property mainly targets singles and DINKs, and includes a lounge that accommodates remote work and telecommuting.
The average asking rent for 1LDK/2LDK rental apartments within a ten-minute walk of Oshiage Station has risen approximately 27% over the past five years, currently standing at around JPY 15,400 per tsubo (estie Residential Research, editorial team analysis). Demand remains solid, underpinned by accessibility to central Tokyo and the convenience of daily life around the station.
Following this project, the company plans to develop nine additional rental apartment buildings in Tokyo, totaling 415 units, by September 2028. With 1DK to 2LDK as the main unit layouts, the company aims to capture housing demand from singles and DINKS households in central Tokyo.
Key Facts
- Property Name: ADDREA OSHIAGE
- Developer: Mitsui & Co. Urban Development Co., Ltd.
- Location: 2-12-2 Higashi-Mukojima, Sumida-ku, Tokyo
- Nearest Station(s): Tobu Skytree Line “Hikifune” Station (3 min walk) / Tokyo Metro Hanzomon Line, Toei Asakusa Line “Oshiage” Station (9 min walk)
- Completion: July 2026
- Number of Floors: 9F (reinforced concrete construction)
- Site Area: approximately 99 tsubo (approx. 3,500 sq. ft.) / Gross Floor Area: approximately 473 tsubo (approx. 16,800 sq. ft.)
- Total Units: 32
- Unit Layouts: 1LDK / 2LDK
- Design and Construction: Suzuyo Construction Co., Ltd.
- Design Supervision: ARCHI SITE MOBIUS