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  • Writer's pictureAdam German

Mitsui Fudosan-led consortium selected for Tsukiji Market Site Redevelopment

On April 22nd, Mitsui Fudosan announced that a consortium comprising 11 companies, with Mitsui Fudosan as the lead, has been selected by the Tokyo Metropolitan Government for the Tsukiji District Urban Development Project in Chuo ward, Tokyo. 

The project will utilize an area of approximately 190,000 square meters, with a total floor area of about 1.17 million square meters.  

Tokyo's Tsukiji Redevelopment CG Image

Courtesy of Mitsui Fudosan. 

At its core will be a large-scale gathering and exchange facility (multi-stadium) capable of accommodating 50,000 people.  

The development will introduce three main functions aimed at promoting a healthy and longevity-oriented society: "Wellness Innovation," "Food, Experience, and Vibrancy," and "Hospitality and Reception," with the goal of enhancing Tokyo's international competitiveness.  

The finished area will consist of a total of nine buildings, with an estimated total project cost of around 900 billion yen. 

Tokyo's Tsukiji Redevelopment Map CG Image

Courtesy of Mitsui Fudosan, translated by Patience Realty. 

The multi-stadium will be a versatile facility that can be customized for various purposes by utilizing movable and temporary seats, allowing for adaptations to stadium, arena, theater, and exhibition configurations.  

The life sciences-commercial complex will establish an innovation platform to promote human interaction opportunities and the accumulation of advanced talent and information. 

The conference facilities, large-scale hotels, and residential functions available for short to medium-term stays will cater to a diverse range of international needs.  

Additionally, a combined boating and theater hall complex, including a food hall and a theater hall (with a capacity of approximately 1,200 people), a hotel with accommodation facilities for state guests and VIPs, and an office-residential building will be developed.  

The project will also serve as a wide-area transportation hub accessible by land, sea, and air mobility. 

The opening is scheduled for the early 2030s, with some facilities expected to open in fiscal year 2029. 

The eleven companies involved are Mitsui Fudosan, Toyota Real Estate Corporation, Yomiuri Shimbun Group Headquarters, Kajima Corporation, Shimizu Corporation, Taisei Corporation, Takenaka Corporation, Nikken Sekkei, Pacific Consultants, Asahi Shimbun and Toyota Motor Corporation. 

Further Reading: 

Mitsui Fudosan Tsukiji District Urban Development Project Press Release (Japanese only) 

Download PDF • 1.60MB


R.E. Port News (Japanese only) 


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