Lotte Shopping Begins Construction of Complex Shopping Mall in Daegu Suseong Alpha City... 4 Above-Ground Floors, Total Floor Area 80,000 Pyeong

Scheduled for Completion in June 2026

Jung Jun-ho: "It Will Become a National Landmark"

Lotte Shopping Co., Ltd. will hold the 'Suseong Lotte Complex Shopping Mall Main Construction Groundbreaking Ceremony' at 2 p.m. on the 22nd at the construction site within Suseong Alpha City, Suseong-gu, Daegu.

About 100 people will attend the groundbreaking ceremony, including Jeong Jang-su, Deputy Mayor for Economic Affairs of Daegu City, Joo Ho-young, member of the People Power Party, Park Hyun-chul, Vice Chairman of Lotte Construction, and Jeong Jun-ho, CEO of Lotte Shopping.

Perspective view of the Lotte complex shopping mall to be built in Suseong Alpha City, Suseong-gu, Daegu.

At this groundbreaking ceremony, the development direction and architectural concept of ‘Lotte Time Villas Suseong,’ a complex cultural space with a total floor area of 267,000㎡ (approximately 80,767 pyeong) consisting of 2 basement floors and 4 above-ground floors, will be unveiled to the public for the first time.

Lotte Shopping has presented the development direction as creating the region’s first landmark complex shopping mall, realizing a nature-friendly shopping mall that citizens can enjoy, and building a complex shopping cultural space that explores new tastes and lifestyles. This expresses Lotte Group’s strong will to develop ‘Time Villas Suseong’ into the highest-level complex cultural space in South Korea.

In addition, the architectural concept by LDA, a world-renowned British design firm that designed Westfield London and Lotte Avenuel Jamsil, will also be revealed for the first time.

Along with the concept bird’s-eye view and perspective drawings, Lotte Shopping disclosed the architectural concept of ‘Time Villas Suseong,’ which includes nature-friendly outdoor spaces, specialized pavilion (annex building) space arrangements, unique spatial compositions embracing nature both inside and outside, and various cultural experience spaces.

Perspective view of the Lotte complex shopping mall to be built in Suseong Alpha City.

Reflecting this basement architectural design concept, Lotte Shopping plans to complete the second building permit application by April 2024, finish construction by June 2026, and open the mall by September 2026 without any delays.

This groundbreaking ceremony follows the rapid progress of basement construction after the signing of the ‘Agreement for the Rapid Construction of Lotte Complex Shopping Mall’ between Hong Jun-pyo, Mayor of Daegu, and Jeong Jun-ho, CEO of Lotte Shopping, on March 10 this year, and the completion of the first building permit for construction changes.

To this end, all procedures for full-scale construction have been completed, including the first building permit review application, building permit approval, structural review completion according to the building permit, and safety management plan approval.

Currently, the earthwork for the basement is 50% complete, with plans to finish earthwork by August 2024 and begin basement frame construction in September.

Daegu City and the Free Economic Zone Authority plan to demonstrate administrative capabilities by providing one-stop support for administrative procedures and consultations involving 25 departments across 7 institutions through the One-Stop Investment Practical Support Group, ensuring that future schedules proceed without disruption.

Jeong Jun-ho, CEO of Lotte Shopping, emphasized, “Time Villas Suseong, which combines the strengths of a shopping mall and an outlet, will offer customer experiences and a new shopping journey based on specialized spaces, establishing itself as a landmark visited not only by Daegu and Gyeongbuk residents but also nationwide.”

Jeong Jang-su, Deputy Mayor for Economic Affairs of Daegu City, said, “Suseong Alpha City, where the Lotte Complex Shopping Mall will be located, is emerging as a young and vibrant city comparable to Pangyo in the metropolitan area and is becoming the central axis of Daegu. We will provide unwavering support so that Daegu City and Lotte can leap forward together in this place where new opportunities are born.”

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