Mitsui Fudosan, tasked with renovating the former site of Tokyo¡¯s world-famous Tsukiji fish market, hopes to build the vacant lot into a modern center of cultural, culinary and business exchanges.

Facing the Tokyo port and the Sumida River, Tsukiji has a long history, dating back to the Edo Period (1603-1868), of being a hub of cultural exchange and development, as well as being one of the biggest fish markets in the world.

¡°Utilizing 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,¡± Mitsui Fudosan President Takashi Ueda said Wednesday. ¡°At the same time, we would like to create an environmentally symbiotic cityscape to establish Japan as a world leader,¡± he said in the first news conference since a redevelopment plan proposed by a Mitsui Fudosan-led consortium was chosen.