4 facts that you should know about Toyosu “豊洲”, Koto Ward
Toyosu is one a real estate hot spot for various reasons, so here are some interesting facts as to why:
Next Tokyo Fish Market expected to open in Toyosu
The famous fish market known as “Tsukiji Market”currenty located in Tsukiji. The market is expected to be relocated to Toyosu in Koto Ward for a scheduled November 2016 opening. Since opening in 1935, Tsukiji continues to develop as Japan’s “Food Town” for what has been almost 80 years. Tsukiji Market has been a favorite destination for tourists to dine on fresh seafood breakfasts as well as buying fresh fish and fruit. Due to the old facility and its limited space in Tsukiji, the Market’s relocation in Toyosu is expected to have a modern facility and developed itself as a new “Food Town.”
Increasing Supply of Apartments and Buildings in Toyosu
There are actually a number of projects developing in Toyosu. The increased supply of apartments in the area makes Toyosu a real estate hot spot.
For instance, Skyz Tower & Garden (a 44-floor high-rise apartment completed in 2014) and Bayz Tower & Garden (a 31-floor apartment available in October 2016) were built as a part of Tokyo Wonderful Project going on in Toyosu.
Additionally, expansion of commercial facility can also be found such as Urban Dock Lalaport Toyosu that opened in 2006 and Toyosu Civic Center that opened in 2015.
The Tokyo Bay area has seen a rise in land prices including Toyosu 4 chome that has increased 2.8% yearly.
The Olympics Effect in Toyosu
Toyosu is expected to attract people as well as investments for housing and commercial building due to its proximity to many 2020 Tokyo Olympics’ venues. The are is locatesdbetween Harumi area, where Athlete’s Village will be constructed, and Ariake area, where many stadiums are constructed for Olympics. Many more apartments and commercial facilities are expected to be built in Toyosu in anticipation for the heavily increased visiting and local population in summer 2020.
Transportation and Infrastructure in Toyosu
Toyosu station includes the Yurikamome and Tokyo Metro Yurakucho Line subway. In the preparation for the 2020 Olympics, the new line, which will be operated by Tokyo Metro, will connect with Toyosu Station on the Yurakucho Line and Sumiyoshi Station, which is served by the Hanzomon Line. Also, part of the Tokyo Annual Planning Road’s Circular Route 2 known as “MacArthur Road” will expand to Shinbashi and Toyosu, making Toyosu more easily accessible.
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