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The Tokyo Redevelopment Project business operators plan to make the Tsukiji area a new base for international interactions

Artistic conception of a multifunctional stadium

Business operators set to redevelop the former site of Tokyo’s Tsukiji Market announced their policy on Wednesday to create a base for international interactions in the Tsukiji area as the capital’s new landmark.

On the day in Tokyo, a press conference on the redevelopment plan was held by real estate developers Mitsui Fudosan Co., Toyota Fudosan Co. and The Yomiuri Shimbun Holdings.

The project will be realized to create moving experiences and communication through a multi-functional stadium with a capacity of about 50,000 people, to innovate technologies in the field of life sciences and spread the attractiveness of Japanese food culture.

A total of nine buildings, such as hotels and office facilities, will be built on a plot of approximately 19 hectares.

Mitsui Fudosan President Takashi Ueda said: “To enhance Tokyo’s international competitiveness, we want to create a city that is loved by its residents and attracts people from all over the world.”

The multifunctional stadium, whose internal layout can change depending on different events, will be central to the project.

Toshikazu Yamaguchi, president of Yomiuri Shimbun Holdings, said: “As the stadium will be turned into an optimal space for each event, spectators can see truly powerful performances. We would like to make it [the stadium] to be an internationally renowned facility.”

Part of the new facility will open in fiscal 2026, ahead of the full opening, including the stadium, in the first half of the 2030s.

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The Yomiuri Shimbun
From left to right: Toshikazu Yamaguchi, president of Yomiuri Shimbun Holdings, Takashi Ueda, president of Mitsui Fudosan, and Tomohide Yamamura, president of Toyota Fudosan, attend a press conference in Tokyo on Wednesday.
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