The site of Tokyo’s former Tsukiji fish market is set to undergo a massive 900 billion yen (US$5.8 billion) redevelopment that will transform it into a commercial, leisure, hospitality, and transport hub.
A consortium led by real estate company Mitsui Fudosan will transform the 20-hectare vacant plot into a slew of hotels, residences, offices and business events facilities in a bid to create a “gateway to Tokyo”. The first amenity is scheduled to open by 2026, with the rest to gradually follow over the next decade. Most facilities are expected to be operational in fiscal year 2032.
The complex’s business events facilities will include a theatre with space for conferences and exhibitions, a ballroom for 1,200 pax, and a 50,000-pax stadium with a retractable roof for live performances, tradeshows, and international sports games.
A culinary zone, featuring stores and a food research hub, will be set up in collaboration with the nearby Tsukiji Outer Market, which has continued to sell seafood, vegetables and traditional food items since the main market was relocated in 2018. Its aim is to promote the area’s traditional food culture to domestic and international visitors.
“Utilising the rich history of Tsukiji, we would like to enhance Tokyo’s international competitiveness and create facilities that will be loved by the people of Tokyo and attract people from around the world,” said Takashi Ueda, president of Mitsui Fudosan, at a press conference announcing the development.
The site will also boost extensive transportation links via helipads, access points for buses and self-driving cars, as well as a ferry port for electric vehicles that can be used by commuters and tourists due to the site’s location on Tokyo Bay and the Sumida River.
Plans are also underway to link the site to the subway system and the metropolitan expressway by 2040.
