26/02/2026
Tsukiji’s "Second Opening": How the ¥900 Billion Super-Complex Will Reprice Tokyo Bayfront Assets
If Ginza represents Tokyo's "commercial face," Tsukiji's redevelopment is more like rebuilding the city's "functional backbone." On approximately 190,000 m² of metropolitan land, a consortium led by Mitsui Fudosan is packaging sports and entertainment, MICE, life sciences, hotels and high-end residences, a maritime transport hub, and roughly 10-hectare-scale open space into a "long-term operated urban product." For investors, this is not a single-point benefit but a systemic variable that will continuously reshape foot traffic, leasing composition, and capitalization-rate expectations over the next decade or more.
https://www.urbalytics.jp/blog/en/tsukiji-redevelopment-investment-thesis
If Ginza represents Tokyo's "commercial face," Tsukiji's redevelopment is more like rebuilding the city's " functional backbone ." On approximately 190,000 m² of metropolitan land, a consortium led by Mitsui Fudosan is packaging sports and entertainment, MICE, life sciences, hotels and high-end res...