'Residential Environment Improvement Project Around Songnim Elementary School, Incheon, Designated as Maintenance Area in 2008... Completed After 14 Years'

Aerial view of the residential environment improvement project area around Songnim Elementary School, Incheon [Photo by Incheon City]

[Asia Economy Reporter Park Hyesook] The residential environment improvement project around Songnim Elementary School in Songnim-dong, Dong-gu, a representative old downtown area of Incheon, has been completed.

Incheon City announced on the 13th that it has completed the residential environment improvement project for the area around Songnim Elementary School (73,000㎡). It has been 14 years since it was designated as a maintenance zone in 2008.

The project implementer, Incheon Urban Corporation, completed infrastructure construction such as a children's park, underground public parking lot, and roads, starting with the completion of a large-scale high-rise apartment complex of about 2,500 households within the maintenance zone in August this year.

The core of the residential environment improvement project, Dongincheon Station Park Prugio Apartments, was built as a large-scale apartment complex consisting of 12 buildings, ranging from 4 basement floors to 48 above-ground floors, with a total of 2,562 households (390 units for landowners, 167 public rental units, and 2,005 private rental units).

Originally, this project received implementation approval in 2009, but it was suspended due to the real estate market downturn and financial burdens on Incheon Urban Corporation.

Subsequently, in 2016, the project was converted into a public-supported private rental housing (formerly New Stay) linked maintenance project to enhance feasibility, and Incheon City introduced the 'Maintenance Project Non-Stop Service System,' focusing administrative power to start demolition work in 2019.

Yoo Jeong-bok, Mayor of Incheon, stated, "For balanced development of Incheon, revitalization of old downtown areas such as Dong-gu and Jung-gu is important. The area around Dongincheon Station will be the center of this." He added, "The residential environment improvement project around Songnim Elementary School is expected to play a leading role in the Jemulpo Renaissance Project."

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