Large-scale Incheon 8th Pier Grain Warehouse to Be Remodeled into a Complex Cultural Space

Bando Construction 'Win-Win Platform Development Project' Construction

Incheon 8 Tofu Sangsang Platform Development Project

Bando Construction announced on the 3rd that it will undertake the construction of the 'Sangsang Platform Development Project,' a remodeling project of the grain warehouse at Incheon Pier 8, promoted by Incheon Metropolitan City and the operating consortium (Mooyoung Consortium).

The Sangsang Platform Development Project is a complex cultural space combining cultural and assembly facilities and neighborhood living facilities on four above-ground floors, with a total floor area of 25,183㎡, located at 4-161, Bukseong-dong 1-ga, Jung-gu, Incheon Metropolitan City. The project aims for completion by the end of 2021.

This project is part of Incheon City's urban regeneration revitalization efforts, remodeling Asia's largest single warehouse located at Incheon Inner Port Pier 8 into a large-scale complex cultural space. The operating consortium will raise capital and receive a 20-year long-term lease operation right from Incheon City to manage the project.

The project site boasts excellent regional transportation accessibility, with Incheon Station within a 200m radius and the Gyeongin Expressway and Second Gyeongin Expressway within a 5km radius. It is adjacent to major Incheon tourist attractions such as Wolmido and Chinatown, and is evaluated to have a stable demand base with nearby areas including Cheongna New Town, Songdo New Town, and Yeongjongdo.

Additionally, plans are underway nearby for the creation of the Incheon Open Port Smart Tourism City, development of the Inner Port Marine Culture District, Incheon Station complex station development, and Incheon Tram development, raising expectations for growth as a tourism hub.

A Bando Construction official stated, "In cooperation with Incheon City, Bando Construction will showcase its expertise and technology to make Sangsang Platform a landmark of the region."

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