No, it's further up than that. Literally a 75 meter walk straight downhill from Tentomushi Rock ("Ladybug Rock", which you'll remember is the first chunk of rock that you come to as you walk in - the one where all the route names are Beatles songs). The building looked pretty much brand new when I first started climbing there in 1998.
They've also landscaped, and added more parking and some park type facilities. The plum blossom festival and family camping, plus the climbers, apparently add a fair chunk of change to the local revenues, and they seem to be trying to return the favor. It's actually not too badly done.
Depending on how many years it's been since you were last here, you might be a bit surprised.