Open Green Space to Be Created in Sewoon District 4... Public Rental Commercial Spaces to Be Built Through Land Donations

968 Billion Won Secured for Purchasing Shopping Complexes for Park Development
Public Rental Commercial Spaces to Be Created for Existing Tenants

The plan to create an open green space of approximately 3,900 pyeong (13,000 square meters) in Sewoon District 4 has been finalized.

Bird's-eye view of Sewoon Redevelopment Promotion District. Provided by Seoul City

On July 22, Seoul City announced that the 7th Urban Redevelopment Committee had 'approved with modifications' the proposed changes to the redevelopment promotion plan for District 4 of the Sewoon Redevelopment Promotion District.

Since April 2022, the city has been working to secure about 136,000 square meters of green space within the Sewoon District in phases, as part of the Sewoon Redevelopment Promotion Plan reflecting the "Green Ecological Downtown Re-creation Strategy." The plan is to purchase six shopping complexes in the Sewoon Sangga area, convert them into parks, and create open green spaces to secure green areas in the city center.

The recently approved amendment to the redevelopment promotion plan for Sewoon District 4 includes the creation of an open green space of 13,100 square meters on private land. The city has secured approximately 96.8 billion won in funding to purchase the shopping complexes by receiving land donations from the project implementer, enabling the conversion of the Sewoon Sangga complexes into parks.

To support the resettlement of existing urban industry tenants, the city will also provide 160 units of public rental commercial spaces. This is expected to promote the sustainable vitality of the downtown economy by fostering the convergence of diverse industries.

Sewoon District 4 was designated as a redevelopment area in 2004, but only received project implementation approval in 2018, resulting in slow project progress. The review process was delayed because Jongmyo, a UNESCO World Heritage Site, is located to the north of the project site. The current plan for Sewoon District 4 includes the construction of office and retail facilities with a floor area ratio of 660%, 15 to 20 above-ground floors, and a height of 54 to 71 meters. However, the final building height and floor area ratio will be determined during the upcoming architectural review, so changes are possible.

Cho Namjun, head of the Urban Space Headquarters at Seoul City, stated, "With this plan amendment, an inviting green space will be created in Sewoon District 4," and added, "We will do our best to create a continuous north-south green axis from Jongmyo to Cheonggyecheon and Namsan, opening up the Sewoon District that was previously blocked by the Sewoon Sangga complexes, through the establishment of a true urban park."

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