Icheon City Promotes Construction of Ultra-High-Rise Residential and Commercial Complex on 40-Year-Old Icheon Terminal Site

Business Agreement Signed with Icheon Terminal Development Co., Ltd.
Mayor Kim: "A Signal for the Rebirth of the Old Downtown"

Gyeonggi-do Icheon City is promoting the development of a 49-story high-rise residential-commercial complex on the site of the Icheon Terminal in Jungri-dong.

Perspective view of the Icheon Terminal site complex development. Provided by Icheon City.

On the 4th, Icheon City announced that on the 3rd, it signed a business agreement with Icheon Terminal Development Co., Ltd. for the complex development of the Icheon Terminal site in Jungri-dong 219-1 area.

Through this business agreement, the city and Icheon Terminal Development plan to remodel the existing terminal into a transfer station type and build a residential-commercial complex facility with 8 basement floors and 49 above-ground floors on a 7,428㎡ site by 2029. To this end, the city plans to decide and announce the 'Icheon Terminal Site District Unit Plan' as an urban management plan on the 6th.

The city initiated the terminal site development because the existing terminal, which is over 40 years old, has become slum-like due to facility aging and a decrease in users. They aim to revitalize the old downtown area through comprehensive complex development of the terminal site.

Kim Kyung-hee, mayor of Icheon City, said, "Icheon Terminal is the transportation and commercial hub of Icheon," adding, "We plan to launch the rebirth of the old downtown by linking the complex development with the Fountain Square intersection traffic plaza and landscape improvement projects."

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