Lotte Construction Wins First Contract of the Year for Seongsu 1 District Reconstruction...

Perspective view of Seongsu 1 District Reconstruction Maintenance Project

Lotte Construction has secured its first contract of the year in the redevelopment sector by winning the Seoul Seongsu 1 District housing reconstruction project.

According to the redevelopment industry on the 23rd, Lotte Construction was selected as the contractor at the 'Seongsu 1 District Housing Reconstruction Redevelopment Project Contractor Selection General Meeting' held the previous day at Megabox Square in Seongdong-gu, Seoul.

The Seongsu 1 District housing reconstruction project involves the redevelopment of the area around 1656-1267 Seongsu, Seongdong-gu, Seoul, into five apartment buildings with a total floor area of 47,900㎡, ranging from three basement levels to 23 above-ground floors, comprising a total of 272 households. Construction is scheduled to begin in 2024.

Seongsu 1 District is a transit-oriented area near Ttukseom Station on Subway Line 2, with the Han River and Jungnangcheon Stream flowing nearby. Within a 1 km radius, there are numerous elementary, middle, and high schools, including Seoul Forest, making the location highly favorable.

Lotte Construction plans to enhance the value of the complex by applying a luxurious curtain wall look using exterior designs inspired by Jungnangcheon Stream and high-end exterior materials, aiming to make it a landmark complex in Seongsu-dong.

A Lotte Construction official said, "To create the finest luxury apartments in Seongsu-dong, we proposed a specialized design incorporating Lotte Construction's construction expertise. We thank the union members who trusted our proven track record and construction capabilities, and we will do our best to deliver differentiated value."

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