Construction Begins on Rental Residence Project in Matsugaya 4-chome, Taito-ku

Mitsui Bussan Urban Development Co., Ltd. has announced that it has started construction of the new building for the "(Tentative name) Taito-ku Matsugaya 4-chome Rental Residence Project" in Matsugaya 4-chome, Taito-ku, close to the Asakusa area. Matsugaya is also close to Asakusa and Kappabashi Kitchen Town, and is being redeveloped as an area where old downtown (shitamachi) charm blends with urban functionality. The project aims to supply rental housing, and is expected to contribute to an increase in the local residential population and the revitalization of the regional economy. Details such as the completion date are expected to be announced at a later date, and the project is also drawing attention as a sign of real estate development trends around the Asakusa area.