Full-Scale Development Begins for Gangdong-gu Myeongil 1-dong Complex Government Building

Gangdong-gu Officially Launches Gangdong Advanced Complex Office Building (Myeongil 1-dong) Complex Development Project

Large-scale Advanced Complex Office Building to be Constructed on the Site of the Old Myeongil 1-dong Community Center and Youth Hall

Gangdong-gu and Seoul Housing & Communities Corporation Sign Project Implementation Agreement... Targeting Completion of Complex Office Building in 2026

Providing High-quality Public Services and Youth Housing Spaces to Local Residents While Reducing Financial Burden

Gangdong-gu (Mayor Lee Su-hee) announced on the 30th of last month that it has signed a 'Gangdong Advanced Complex Office Building (Myeongil 1-dong) Complex Development Project Implementation Agreement' with SH Corporation to improve the old Myeongil 1-dong Community Center and Youth Hall, officially commencing the project.

The old Myeongil 1-dong Community Center (327-5 Myeongil-dong) and Youth Hall (327-6 Myeongil-dong) have been in use for 43 and 28 years respectively since their approval, resulting in severe facility aging. To improve these facilities, Gangdong-gu and SH Corporation have been promoting the Gangdong Advanced Complex Office Building (Myeongil 1-dong) complex development project, which involves constructing a new complex combining public, residential, and revenue-generating facilities.

Although the project faced difficulties due to increased costs caused by recent inflation, active consultations among Seoul City, Gangdong-gu, and SH Corporation led to the confirmation of additional municipal funding support in May this year, allowing the project to proceed in earnest.

As a result, through national and municipal subsidies, Gangdong-gu is expected to reduce its financial burden for public facility construction costs by approximately 12 billion KRW.

To ensure smooth project execution, Gangdong-gu and SH Corporation signed a project implementation agreement covering work division, construction cost procurement, and ownership, operation, and management of the buildings.

According to the agreement, public facilities such as the community center will be owned, operated, and managed by Gangdong-gu, while residential and revenue-generating facilities will be owned, operated, and managed by SH Corporation.

Public facilities owned by Gangdong-gu will include the community center, swimming pool, daycare center, family center, small library, senior citizens' center, and security center. The residential facilities owned by SH Corporation will be integrated public rental housing designed for the youth.

The district plans to carry out demolition of the old Myeongil 1-dong Community Center and Youth Hall this year, begin construction in February 2024, and complete the project by July 2026.

Mayor Lee Su-hee stated, “By securing national and municipal subsidies, we have significantly reduced the district’s financial burden,” and added, “We expect the Gangdong Advanced Complex Office Building to provide high-quality public services to residents and contribute to housing stability for the youth.”

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