The Osaka Resort City 200 is a building complex in the Minato-ku ward of

Osaka is a designated city in the Kansai region of Honshu in Japan. It is the capital of and most populous city in Osaka Prefecture, and the third most populous city in Japan, following Special wards of Tokyo and Yokohama. With a population of ...

, Japan. Completed in March 1993, it consists of four blocks, including the Osaka Bay Tower, the height of which in meters is referenced in the complex's name.

Overview

ORC 200 is a mixed-use complex featuring housing, offices, hotels, shops and other facilities. of the total area of is occupied by the Osaka Bay Tower, the Prio Tower, and a few other buildings. All of them are connected to each other by a

pedway Pedways (short for pedestrian walkways) are elevated or underground walkways, often connecting urban high-rises to each other, other buildings, or the street. They provide quick and comfortable movement from building to building, away from traff ...

and surround an

atrium Atrium may refer to: Anatomy * Atrium (heart), an anatomical structure of the heart * Atrium, the genital structure next to the genital aperture in the reproductive system of gastropods * Atrium of the ventricular system of the brain * Pulmona ...

located in the center. The first, high skyscraper houses the Mitsui Urban Hotel, while the latter, shorter – high – building is dedicated to residential usage. Several floors of both buildings are meant for offices. The remaining two blocks include a radio station, a musical hall, a sports club, restaurants and shops. The leisure facilities feature one of Japan's largest indoor swimming pools. The total floor area of the ORC 200 complex equals . Developed by the

Shimizu Corporation is an architectural, civil engineering and general contracting firm. It has annual sales of approximately US$15 billion and has been widely recognized as one of the top 5 contractors in Japan and among the top 20 in the world. It is a family bu ...

in accordance with the design by Yasui Architects & Engineers, Inc., it was a part of a Land Trust Program in Osaka. The construction of the complex costed 83

billion Billion is a word for a large number, and it has two distinct definitions: *1,000,000,000, i.e. one thousand million, or (ten to the ninth power), as defined on the short scale. This is its only current meaning in English. * 1,000,000,000,000, i. ...

yen The is the official currency of Japan. It is the third-most traded currency in the foreign exchange market, after the United States dollar (US$) and the euro. It is also widely used as a third reserve currency after the US dollar and the e ...

. In August 2006, high X-Tower Osaka Bay was built near the Osaka Resort City. The Osaka Resort City 200 was a subject of a series of lawsuits. In March 2001, the Osaka District Court ordered the city of Osaka to pay 63.7 billion yen to the banks which the complex was entrusted to, and which suffered financial losses due to the economic bubble burst and subsequent rent reductions, including

Resona Bank () is the holding company of , the fifth-largest banking group in Japan as of 2012. It is headquartered in the Kiba area of Koto, Tokyo. The main operating entities of the group are Resona Bank, a nationwide corporate and retail bank head ...

, Sumitomo Mitsui Trust Bank, and

The Bank of Tokyo-Mitsubishi UFJ is the largest bank in Japan. It was established on January 1, 2006, following the merger of the Bank of Tokyo-Mitsubishi, Ltd. and UFJ Bank Ltd. MUFG is one of the three so-called Japanese "megabanks" (along with SMBC and Mizuho). As such, ...

. The city appealed to the court and no consensus was reached until March 2013, when it agreed to pay the banks a compensation of 64.5 billion yen.

References

{{Reflist Office buildings completed in 1993 Skyscrapers in Osaka Skyscraper office buildings in Japan Skyscraper hotels in Japan Residential skyscrapers in Japan Retail buildings in Japan 1993 establishments in Japan

Overview

See also

References