The Apple Ginza retail store opened in 2003, and the building where it is located will begin to be demolished in September 2022.
Apple Ginza originally opened on November 30, 2003. The Tokyo-based Sayegusa Building was briefly closed in 2015 due to a bomb scare.
Now, according to Japan Property Central, the entire eight-storey building will be demolished. From the end of 2024, a new 10-storey office building and retail space will take its place.
Apple Ginza was one of the sites Tim Cook visited during his 2019 trip to Japan.
The retail store is near the Yamano Music Building, said to be the most expensive land in Japan. Japan Property Central said its 2022 value would be $39,000 psf.
Land values across the region are reported to be 258% higher now than they were a year before Apple Ginza opened.
Apple Ginza is still open every day, although its website page currently only lists hours as of May 12. It's unclear if Apple will relocate its retail stores to the new building when it becomes available.
Apple also operates nine other Apple Stores in Japan, four of which are in Tokyo.
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