GS Engineering & Construction Selected as Contractor for Seongsu District 1 Redevelopment

Proposed the New Complex Name "Rivenique Xi"

GS Engineering & Construction has been selected as the contractor for the redevelopment project of Seongsu Strategic Redevelopment Zone District 1 (Seongsu District 1) in Seongdong-gu, Seoul.

According to the urban renewal industry on April 25, the redevelopment association for Seongsu District 1 approved the selection of GS Engineering & Construction as the contractor at a regular general meeting held at Sungnak Holiness Church in Seongsu-dong 2-ga on the same day. GS Engineering & Construction was the sole bidder in the two rounds of bidding held in February and last month.

The Seongsu District 1 redevelopment project involves transforming a 194,398-square-meter area around 72-10, Seongsu 1-ga 1-dong into an apartment complex with 13 buildings ranging from 5 basement floors to 64 above-ground floors, totaling 3,014 residential units, along with various auxiliary and welfare facilities. The construction cost is approximately 2.154 trillion won, making it the largest among the four districts in the Seongsu Strategic Redevelopment Zone.

GS Engineering & Construction has proposed the new name "Rivenique Xi" for the complex to the association.

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