Lead Real Estate Co., Ltd Announces Plan of New Hotel, ENT TERRACE TSUKIJI 6 CHOME, where the Urban Development Project of the Decade in Tokyo is Taking Place
Lead Real Estate (LRE) has announced plans for ENT TERRACE Tsukiji 6 Chome, a new 8-room extended stay hotel in Tokyo's Tsukiji district. The 9-floor reinforced concrete structure will have a building area of 6,698 square feet on a 1,016-square-foot land plot owned by the company.
The hotel project is strategically positioned within the ongoing Tsukiji District Community Development Project, a major urban redevelopment initiative by the Tokyo Metropolitan Government that commenced in March 2022. This $600 million development project spans 19 hectares and involves 11 major companies, including Mitsui Real Estate and Toyota Automobile.
The development will feature a multifunctional super facility with a 50,000-person capacity, a new subway station, and boat transportation facilities. Construction of the hotel will begin once a prospective buyer is secured, as the land is being sold with hotel construction conditions.
Lead Real Estate (LRE) ha annunciato i piani per ENT TERRACE Tsukiji 6 Chome, un nuovo hotel a lungo soggiorno con 8 camere nel quartiere Tsukiji di Tokyo. La struttura in cemento armato di 9 piani avrà un'area costruita di 620 metri quadrati su un terreno di 94 metri quadrati di proprietà dell'azienda.
Il progetto dell'hotel è strategicamente posizionato all'interno del Progetto di Sviluppo della Comunità del Distretto di Tsukiji, una grande iniziativa di riqualificazione urbana da parte del Governo Metropolitano di Tokyo che è iniziata a marzo 2022. Questo progetto di sviluppo da 600 milioni di dollari si estende su 19 ettari e coinvolge 11 grandi aziende, tra cui Mitsui Real Estate e Toyota Automobile.
Lo sviluppo presenterà una super struttura multifunzionale con una capacità di 50.000 persone, una nuova stazione della metropolitana e strutture per il trasporto via barca. La costruzione dell'hotel inizierà una volta che sarà assicurato un acquirente potenziale, poiché il terreno viene venduto con condizioni di costruzione dell'hotel.
Lead Real Estate (LRE) ha anunciado planes para ENT TERRACE Tsukiji 6 Chome, un nuevo hotel de estancia prolongada de 8 habitaciones en el distrito Tsukiji de Tokio. La estructura de concreto reforzado de 9 pisos tendrá un área construida de 620 metros cuadrados en un terreno de 94 metros cuadrados propiedad de la empresa.
El proyecto del hotel está estratégicamente ubicado dentro del Proyecto de Desarrollo de la Comunidad del Distrito Tsukiji, una importante iniciativa de renovación urbana del Gobierno Metropolitano de Tokio que comenzó en marzo de 2022. Este proyecto de desarrollo de 600 millones de dólares abarca 19 hectáreas e involucra a 11 grandes empresas, incluidas Mitsui Real Estate y Toyota Automobile.
El desarrollo contará con una superestructura multifuncional con capacidad para 50,000 personas, una nueva estación de metro y instalaciones de transporte en barco. La construcción del hotel comenzará una vez que se asegure un comprador potencial, ya que el terreno se vende con condiciones para la construcción del hotel.
리드 리얼 에스테이트 (LRE)는 도쿄 츠키지 지구에 새로 건설될 8실 연장 체류 호텔 ENT TERRACE 츠키지 6초메의 계획을 발표했습니다. 9층으로 이루어진 철근 콘크리트 구조물은 회사 소유의 1,016 평방피트 부지에 6,698 평방피트의 건축 면적을 가질 것입니다.
이 호텔 프로젝트는 2022년 3월에 시작된 도쿄 도청의 대규모 도시 재개발 이니셔티브인 츠키지 지구 커뮤니티 개발 프로젝트 내에 전략적으로 위치해 있습니다. 이 6억 달러 규모의 개발 프로젝트는 19헥타르에 걸쳐 있으며, 미쓰이 부동산과 도요타 자동차를 포함한 11개의 주요 기업이 참여하고 있습니다.
개발에는 5만 명 수용 가능한 다기능 슈퍼 시설, 새로운 지하철역, 보트 운송 시설이 마련될 예정입니다. 호텔 건설은 잠재 구매자가 확보되면 시작될 예정이며, 해당 토지는 호텔 건설 조건으로 판매되고 있습니다.
Lead Real Estate (LRE) a annoncé des plans pour ENT TERRACE Tsukiji 6 Chome, un nouvel hôtel de séjour prolongé de 8 chambres dans le quartier Tsukiji de Tokyo. La structure en béton armé de 9 étages aura une surface de construction de 620 mètres carrés sur un terrain de 94 mètres carrés appartenant à l'entreprise.
Le projet de l'hôtel est stratégiquement situé dans le cadre du Projet de Développement de la Communauté du District de Tsukiji, une grande initiative de réaménagement urbain du gouvernement métropolitain de Tokyo qui a débuté en mars 2022. Ce projet de développement de 600 millions de dollars s'étend sur 19 hectares et implique 11 grandes entreprises, dont Mitsui Real Estate et Toyota Automobile.
Le développement comprendra une superstructure multifonctionnelle d'une capacité de 50 000 personnes, une nouvelle station de métro et des installations de transport par bateau. La construction de l'hôtel commencera dès qu'un acheteur potentiel sera sécurisé, car le terrain est vendu avec des conditions de construction de l'hôtel.
Lead Real Estate (LRE) hat Pläne für ENT TERRACE Tsukiji 6 Chome angekündigt, ein neues 8-Zimmer-Hotel für längere Aufenthalte im Tsukiji-Viertel von Tokio. Die 9-stöckige Struktur aus Stahlbeton wird eine Baufläche von 620 Quadratmetern auf einem 94 Quadratmeter großen Grundstück im Besitz des Unternehmens haben.
Das Hotelprojekt ist strategisch innerhalb des Tsukiji District Community Development Project positioniert, einer großen städtischen Entwicklungsinitiative der Stadtregierung von Tokio, die im März 2022 begann. Dieses 600 Millionen Dollar umfassende Entwicklungsprojekt erstreckt sich über 19 Hektar und umfasst 11 große Unternehmen, darunter Mitsui Real Estate und Toyota Automobile.
Die Entwicklung wird eine multifunktionale Superanlage mit einer Kapazität von 50.000 Personen, eine neue U-Bahn-Station und Einrichtungen für den Bootstransport umfassen. Der Bau des Hotels beginnt, sobald ein potenzieller Käufer gesichert ist, da das Grundstück unter Bedingungen für den Hotelbau verkauft wird.
- Strategic location within major $600M Tokyo urban development project
- Company owns the land plot in prime Tsukiji district
- Project aligned with significant infrastructure improvements including new subway station
- Construction timeline uncertain, dependent on finding buyer
- Small land area of only 1,016 square feet
- revenue potential with just 8 rooms
TOKYO, March 14, 2025 (GLOBE NEWSWIRE) -- Lead Real Estate Co., Ltd (Nasdaq: LRE) (“LRE” or “the Company”), a Japanese real estate developer of luxury residential properties including single-family homes and condominiums across Tokyo, Kanagawa prefecture and Sapporo, is announcing the plan for the construction of its extended stay hotel, ENT TERRACE Tsukiji 6 Chome.
A planned 8-room extended stay type hotel, ENT TERRACE Tsukiji 6 Chome, located in Tsukiji, Chuō-ku, Tokyo, will be made from reinforced concrete and have 9 floors above ground. It is planned to have a building area of 6,698 square feet and land area of 1,016 square feet. The Company owns the lot for the hotel and construction is expected to start once there is a prospective buyer, as the land is being sold on the condition of hotel construction.
In the past, Tsukiji hosted the world’s largest fish market. Now, packed with world-class restaurants, the neighborhood provides an ideal location for foodies who want to experience some of the best cuisine of Tokyo and Japan. Strolling around the tiny streets of Tsukiji, one would be hard-pressed to find a restaurant that is not absolutely memorable.
Tsukiji District Community Development Project
Another thing to consider is the proximity of ENT TERRACE Tsukiji 6 Chome to the project site of the ongoing massive urban redevelopment initiative undertaken by the Tokyo Metropolitan Government in the Tsukiji District called the “Tsukiji District Community Development Project” that started in March 2022. This urban redevelopment initiative aims to contribute to the growth of the city by maximizing the potential of Tsukiji area with its landscape, history, and cultural resource and to transform the Tsukiji area as a “waterfront city” that befits and symbolizes Tokyo, with a view to welcoming people through the routes form the waterways and creating spaces for diverse exchange.
Conceptual Map of the Development Project
Location of ENT TERRACE Tsukiji 6 Chome and Project Site Location
* Red Lining: Area subject to development project
* Ent Terrace Symbol: Hotel Location
Project Overview
Location: Areas within Tsukiji 5-chome and Tsukiji 6-chome, Chuo District, Tokyo
Area of Project Site: 19 ha
Total Construction Cost: Estimated 600 million dollars
Participating Company: 11 companies (Mitsui Real Estate, Toyota Automobile,
Shimizu Construction, Asahi Newspaper, etc.)
Featured Structures: Multifunctional super facility (capacity for approximately 50,000 people), new subway station, boat transportation facilities
Conceptual Image of the Multifunctional facility
About Lead Real Estate Co., Ltd
Lead Real Estate Co., Ltd is a Japanese developer of luxury residential properties, including single-family homes and condominiums, across Tokyo, Kanagawa prefecture, and Sapporo. In addition, the Company operates hotels in Tokyo and leases apartment building units to individual customers in Japan and Dallas, Texas.
The Company’s mission is to serve its customers by offering stylish, safe, and luxurious living. The Company’s vision is to adopt the Kaizen (continuous improvement) approach to seek to improve its operations, and to leverage its nationally recognized, award-winning luxury homes and strong market position in the luxury residential property market in Tokyo, Kanagawa prefecture, and Sapporo to create a global transaction platform allowing access to prime Japanese condominiums as well as overseas condominiums, including in the U.S. and Hong Kong.
For more information, please visit the Company’s website at https://www.lead-real.co.jp/en/.
Forward-looking Statements
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors that may affect its future results in the Company's registration statement and in its other filings with the U.S. Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
Contact Information:
For Media and Investor Relations
Daisuke Takahashi
Chief Financial Officer
Lead Real Estate Co., Ltd
d-takahashi@lead-real.co.jp
+81 3-5784-5127
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the America’s, 5th Floor
New York, NY 10036
Office: (646) 893-5835
Email: info@skylineccg.com
Attachments
- Conceptual Map of the Development Project
- Location of ENT TERRACE Tsukiji 6 Chome and Project Site Location
- Conceptual Image of the Multifunctional facility
FAQ
What are the specifications of LRE's new ENT TERRACE Tsukiji 6 Chome hotel?
How does LRE's new hotel project connect to the Tsukiji District Development Project?
When will construction begin on LRE's ENT TERRACE Tsukiji 6 Chome hotel?
Which major companies are involved in the Tsukiji District Development Project near LRE's hotel?
