Kasumigaseki Capital Co., Ltd. (headquarters: Chiyoda-ku, Tokyo; Representative Director, President and CEO: Koshiro Komoto; “KC”) announced that it has established a subsidiary in the United States, Kasumigaseki Florida LLC (headquarters: Florida), and commenced business in Miami. Tatsuo Higuchi will serve as President of Kasumigaseki Florida LLC.
“Entering the Miami market represents a natural next step in our company’s expansion to the U.S. The area’s diverse population and international appeal as a major tourist destination complement our existing hotel business,” said Tatsuo. “We see this move as a tremendous opportunity to be part of Miami as a world-class destination, and we look forward to collaborating with local partners to contribute to Miami Worldcenter’s continued evolution.”
KC also announced that for its first project in the U.S., the company has executed the sale and purchase agreement for a highly coveted parcel at Miami Worldcenter and has acquired the development site for BLOCK C EAST for $89 million. Kasumigaseki Capital will introduce a mixed-use development project centered on hotels and residences located at 155 NE 10th Street in downtown Miami.
“It is a tremendous honor to welcome Kasumigaseki Capital to the Miami Worldcenter family,” said Alfonso Costa Jr., Chief Operating Officer of Falcone Group. “In our role as master developer, we are proud to support the company throughout its emergence into the U.S. real estate market as it embarks upon this exciting project.”
KC is engaged in developing hotels to help make Japan an even more attractive tourist destination and to support regional revitalization. KC operates a nationwide portfolio of hotel brands, including the hotel brands for group guests, “fav”, “FAV LUX”, “edit x seven”, and “seven x seven”, as well as the culture business hotel brand “BASE LAYER HOTEL”, handling everything from planning and development to operations in-house.
Tatsuo joined KC’s Real Estate and Development Division in 2020, where he has led site acquisition and project management operations in the hotel business. He was appointed to the board in 2025. Tatsuo’s background includes promoting housing developments, large-scale land development projects, the acquisition of development sites, corporate sales, tenant leasing for office buildings, and other operations at a leading developer.
As part of its strategic global expansion, KC is actively bringing its deep expertise and institutional capital to dynamic international markets, including South Florida. Going forward, KC will steadily expand its business in the U.S. while also considering expansion into other countries, aiming to achieve further growth for the company.
Image via PROFILEmiami
Rendering via Kasumigaseki Capital
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National real estate development and investment firm Naftali Group has topped off of the podium level at JEM Private Residences in Downtown Miami. This milestone marks the completion of the 11th floor and signals a major step forward in the vertical construction of the 67-story luxury tower rising within Miami Worldcenter. Construction is overseen by Coastal Construction.