Shinsegae Property Holds Groundbreaking Ceremony for 'Starfield Changwon'... Opening in 2024

(From left) Lim Young-rok, CEO of Shinsegae Property, and Heo Seong-mu, Mayor of Changwon City, are taking a commemorative photo at the groundbreaking ceremony of 'Starfield Changwon'.

[Asia Economy Reporter Yuri Kim] Shinsegae Property announced on the 28th that it held a groundbreaking ceremony for 'Starfield Changwon' in collaboration with Changwon City.

The groundbreaking ceremony was attended by Youngrok Lim, CEO of Shinsegae Property, as well as Changwon Mayor Seongmu Heo, National Assembly member Wansu Park, Changwon City Council Chairman Chiwoo Lee, and Uichang District Chief Gyu-jong Hwang.

Starfield Changwon is the first mega complex shopping mall that Shinsegae Property is promoting outside the metropolitan area. It is planned to be developed with a total floor area of 244,257㎡, from 7 basement floors to 6 above-ground floors, which is more than 30 times the size of a soccer field. Construction is scheduled to begin in the first half of next year, aiming for completion and opening by the end of 2024.

Shinsegae Property stated, "Starfield Changwon will be created as a complex lifestyle and cultural space that encompasses leisure experience and entertainment facilities for the whole family, cultural enjoyment spaces, and trendy shopping content, providing differentiated value."

Starfield Changwon is located in a wide commercial area connecting not only Changwon City (Changwon, Masan, Jinhae) but also surrounding cities such as Gimhae, Miryang, Jinju, and Geoje. The company expects that more than 10 million customers will visit annually after completion. It is also projected to create approximately 15,000 jobs.

At the event, Shinsegae Property and Changwon City signed a business agreement to revitalize the local economy through regional investment and job creation. Going forward, Shinsegae Property plans to contribute to the activation of the local construction market by involving local companies in the development process to help revitalize Changwon's economy.

Changwon Mayor Seongmu Heo said, "I congratulate the groundbreaking ceremony of Starfield Changwon and hope that the project proceeds smoothly to meet the citizens' expectations for the prompt establishment of a complex cultural space in our region that includes shopping, culture, and experiences, thereby revitalizing the local economy."

Youngrok Lim, CEO of Shinsegae Property, stated, "We will strive to make Starfield Changwon a beloved place in the region through sincere win-win consultations, contributing to the economic revitalization of Changwon City."

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