Toh-Ten-Koh announced that they will be selling their Ueno restaurant building and land to Tokyo Tatemono for 8.914 billion Yen (88 million USD).
Toh-Ten-Koh are currently building a new store on an adjoining block of land they already own and will relocate once the building is complete in 2015. The new store will be on a smaller site of 2,000 sqm, but will be built to the latest earthquake-resistant codes. It is estimated to cost approximately 4.6 billion Yen. Construction began in October.
Toh-Ten-Koh opened their first Chinese restaurant in Ueno in 1961. The 8-storey restaurant was considered immense in scale as it could seat as many as 3,000 customers. They gradually opened up new branches, and even opened a store in Dayton, Ohio (it later closed, and you can find a possibly explanation why here). They now have 24 restaurants across Japan.
1-4-33 Ikenohata, Taito-ku, Tokyo
The Nikkei Shimbun, November 25, 2013.
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