Daewoo E&C Wins Redevelopment Project for Heukseok 11 District, Creating 'Summit The Hill' Complex

[Asia Economy Reporter Inho Yoo] Daewoo E&C announced on the 5th that it was selected as the construction company at the general meeting of the ‘Heukseok 11 Redevelopment Promotion Zone Redevelopment Project’ held on the 4th in the area of 304 Heukseok-dong, Dongjak-gu, Seoul.

The Heukseok 11 Redevelopment Project is a project to build a total of 1,509 households on a site of 89,317.5㎡, consisting of 25 apartment buildings ranging from 5 basement floors to 16 above-ground floors, commercial facilities, and auxiliary welfare facilities. The total construction cost is approximately 450.1 billion KRW.

Among the total 1,509 households, 699 units are for association members and 257 units are rental, leaving 553 units for general sale. Based on exclusive area, there are 113 units of 39㎡, 109 units of 49㎡, 560 units of 59㎡, 126 units of 74㎡, 541 units of 84㎡, 58 units of 114㎡, and 2 units of 150㎡.

Daewoo E&C proposed the complex name for the Heukseok 11 Redevelopment Project as ‘SUMMIT the hill,’ applying its existing high-end residential brand ‘Prugio Summit.’

This location is adjacent to the Banpo area, where apartment prices recently approach 10 million KRW per 3.3㎡, making it a quasi-Gangnam area and a core project within Heukseok New Town.

Heukseok 11 is a double-station area with Line 9 Heukseok Station on the west side of the complex and Line 4 Dongjak Station on the east side, both accessible on foot. It is a transportation hub with easy access to inner and outer Seoul via Olympic-daero and Dongjak Bridge.

Nearby educational institutions include Heukseok Elementary, Chungdae Elementary, Chungdae Middle, Chung-Ang University, Soongsil University, and a newly established high school (planned to be built within Heukseok 9 District), providing an excellent educational environment.

Daewoo E&C plans to design the Heukseok 11 complex with SMDP, renowned for world-famous landmark designs such as Chicago Fordham Spire and Dubai Lagoon Building, along with top domestic and international designers including Jeongrim Architects and Kim Young-min.

The apartment exterior will feature curtain wall looks and LED panels, with designs including sky community spaces, resort-style themed landscaping, and a 220m linear commercial street.

Daewoo E&C adopted a specialized design plan improving the existing association design, incorporating systems to enhance residents’ quality of life such as food waste transfer facilities, anti-corona systems, smart systems, concierge services, as well as skywalks (rooftop walking paths) and seven themed community facilities.

A Daewoo E&C official said, “We will present the highest-end high-end residential complex befitting the core area of Heukseok New Town at Heukseok 11 District. As a leading construction company that has supplied premium residential products such as Hannam The Hill, we will proceed with the project with the mindset of building a residential masterpiece that will be responsible for the next 100 years.”

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