Lotte-Hyundai Construction Wins Redevelopment Contract for Imun 4 District... Construction Cost 950 Billion KRW

An Apartment Complex with a Total of 3,720 Households

The consortium of Lotte Construction and Hyundai Construction (Sky Project Team) was selected as the contractor at the 'Imun 4 Redevelopment Promotion Zone Housing Redevelopment Project Contractor Selection General Meeting' held at Megabox Sangbong on the 18th.

The Imun 4 Redevelopment Promotion Zone redevelopment project is located at 86-1 Imun-dong, Dongdaemun-gu, Seoul, with a total construction cost of 952.8 billion KRW. It will be developed into an apartment complex with a total floor area of 595,638㎡, consisting of 5 basement floors to 40 above-ground floors, 20 apartment buildings, and a total of 3,720 households.

The Sky Project Team collaborated with renowned overseas design firms. The architectural design was done by the global American design company 'JERDE', and the landscape design was created by 'SWA', the world's top landscaping company. Additionally, they planned landmark designs including a 40-story high sky bridge, an ultra-large central plaza five times the size of a soccer field, as well as a massive community space and street mall.

The Imun 4 Redevelopment Promotion Zone is a double station area near Hwayang Station and Sinimun Station, with many universities nearby such as Hankuk University of Foreign Studies, Kyung Hee University, and Korea National University of Arts. An elementary school is also planned to be newly established near the complex.

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