The development of Knowledge Capital started as part of the redevelopment project for "the last prime land in a city center," and attracted much public attention. In 2004, Osaka City created the Basic Plan for the Development of the Osaka Station North District, while leveraging the winning ideas of the International Concept Competition in 2002. One of the basic policies for the Plan was the development of Knowledge Capital, a hub for knowledge creation activities.
The Knowledge Capital Planning Committee (chaired by Hideo Miyahara, then the president of Osaka University) was established to discuss the role of Knowledge Capital. The Committee produced the Recommendations for the Knowledge Capital Initiative in March 2005. The Knowledge Capital Promotion Office was established to deepen the discussion toward the realization of Knowledge Capital. In September 2005, the Office submitted the Knowledge Capital Promotion Office Report: Toward the realization of Knowledge Capital.
Based on the report, the Urban Renaissance Agency and Osaka City held a developers competition in 2006, through which the current developer for the Initiative was selected. Subsequently, private enterprises fleshed out the concept of the Initiative and a planning and operation organization was established in 2009 ahead of the opening of Knowledge Capital. After repeated trials to verify its functionality and provide feedback to the plan, Knowledge Capital finally opened in April 2013.
Knowledge Capital aims to become a hub for the generation and sharing of future lives by leveraging the high potential of The Umekita (Osaka station North district) district. By using cutting-edge knowledge (people, information, technology, and knowledge) as a resource under the theme of proposing, experiencing, and learning future lives, Knowledge Capital will create new knowledge through active interactions among people, goods, and information.
(Excerpts from the Knowledge Capital Promotion Office Report)
|1987||With the Japanese National Railways (JNR) privatization reforms, JNR Settlement Corporation succeeded the Umeda Freight Terminal site.|
|2002||July||The site was designated as an Urgent Urban Renewal Area.|
|September||The International Concept Competition was held (results announced in March 2003).|
|2004||March||The Osaka Station North District Urban Development Promotion Council was established.|
|July||The Basic Plan for Osaka Station North District Urban Development was announced (by Osaka City).|
|November||The Osaka Station North District Urban Development Promotion Agency was established.|
|December||The Urban Plan for the First-phase Area (land readjustment, roads, etc.) was finalized.|
|2005||March||The Urban Renaissance Agency concluded a site acquisition contract (approx. 3 ha).|
|June||The project plan for the Urban Readjustment Project was approved.|
|October||The recruitment of tenants for the core facilities of Knowledge Capital began (selection and announcement made in December 2005).
The groundbreaking ceremony for the Osaka Station North District Urban Renaissance site was held.
|2006||February||The urban plan with respect to the district plan and change of use was finalized.
The recruitment of developers for Blocks A, B, and C in the advance development zone began.
|May||A prospective developer for Block B was selected.|
|November||Prospective developers for Blocks A and C were selected.|
|December||The Development Council for the advance development zone was established.|
|2007||April||The preparatory committee for the establishment of KMO was launched.|
|June||Land transferred upon the conclusion of land transfer contracts for Blocks A, B, and C.|
|2008||February||The urban plan with respect to special urban renaissance districts and alterations to the district plan was finalized.|
|2009||April||Knowledge Capital Management Corporation (currently KMO Corporation) was established.|
|September||The preparatory committee for the establishment of TMO was launched.|
|2010||March||Construction work started.|
|2011||February||The Osaka Station North District was formally named Umekita.|
|April||Grand Front Osaka, the name for the project complex in the Umekita advanced development zone, and its logo were finalized.|
|2012||May||Grand Front Osaka TMO was established.|
|June||Knowledge Capital Association was established.|
|2013||March||Construction work was completed.|