Commencement of Construction for Cheonho 2 District in Cheonho Redevelopment Promotion Zone

Construction Begins 14 Years After Cheonho 2 District Designation, Groundbreaking Ceremony Held on the 10th... Old Building Cluster Transformed into a High-End Residential Complex

Bird's-eye view rendering

[Asia Economy Reporter Park Jong-il] Cheonho 2 District in the Cheonho Redevelopment Promotion Zone, Gangdong-gu (Mayor Lee Jeong-hoon), which was once home to old buildings and red-light districts, has commenced construction after 14 years of effort and will be reborn as a high-quality residential complex.

The Redevelopment Promotion Zone is an area designated under the "Special Act on the Promotion of Urban Redevelopment" to systematically and efficiently improve residential environments and restore urban functions in deteriorated urban areas.

Cheonho Redevelopment Promotion Zone Cheonho 2 District is located between Cheonho Station and Amsa Station on Subway Line 8, in the area around 437-5 Cheonho-dong, where old buildings are densely concentrated, and the need for comprehensive development has been continuously raised.

The Cheonho Redevelopment Promotion Zone serves as a commercial and business hub not only for Gangdong-gu but also for the southeastern region of Seoul. It borders Guri City and Hanam City in Gyeonggi Province, playing a gateway role for the eastern Seoul area due to its wide-area locational advantages.

This area consists of Cheonho 1, 2, and 3 Promotion Districts and a Preservation Management District. Cheonho 1 District received approval for its management disposition plan in January 2019, and relocation and demolition are currently underway. Cheonho 3 District signed a construction contract with Daelim Industrial in October 2019 and is preparing for management disposition plan approval.

In particular, Cheonho 2 District, designated as a redevelopment zone in 2006, is the first in the Cheonho Redevelopment Promotion Zone to begin construction after 14 years. Through the reconstruction project, it will be developed into two apartment buildings with four underground floors and up to 20 floors above ground, with exclusive areas ranging from 52 to 108 square meters, comprising 188 households (156 for general sale and 32 rental units), aiming for completion in June 2022.

Upon completion, it is expected to shed the negative image of the former red-light district represented by 423 Cheonho-dong and the aging densely populated residential area, contributing to the improvement of the urban environment in Cheonho-dong.

Prior to this, the association held a groundbreaking ceremony for Cheonho 2 District at 2 p.m. on the 10th in Cheonho-dong, Gangdong-gu, celebrating the start of the first construction in the Cheonho Redevelopment Promotion Zone, attended by Mayor Lee Jeong-hoon, representatives of the related construction companies, and members of the Cheonho 2 Association.

Location Map

Mayor Lee Jeong-hoon of Gangdong-gu stated, "Starting with Cheonho Redevelopment Promotion Zone Cheonho 2 District, Cheonho 1 and 3 Districts are also on the verge of construction and relocation," adding, "The adjacent Cheonho 4 District in the Cheonho-Seongnae Redevelopment Promotion Zone has received approval for its management disposition plan, and now Cheonho-dong is expected to fully perform its role as the commercial and business center of our district."

This content was produced with the assistance of AI translation services.