- HDC Hyundai Development Company obtains
business permit for investment company to develop Yongsan Railroad Hospital…
Yongsan Town Business to be carried out in earnest
-
Remodeling work of Yongsan Railroad Hospital started in May… Residential-commercial
complex scheduled to begin construction at the end of this year
- Multipurpose
complex development that revitalizes historical legacy… Regenerating the
neighborhood and city through private development know-how
As the
process of the Yongsan Railroad Hospital Site development project of HDC
Hyundai Development Company is being carried out smoothly, the project is
receiving much attention along with the specialized project of Yongsan History &
Culture Renaissance Special Zone.
The
Yongsan Railroad Hospital Site development project is a project to develop a 10,948㎡ site in the area between street addresses 65 and 154, Hangangno
3-ga, Yongsan-gu, within the Yongsan District Unit Planning Area. The main
building of the Yongsan Railroad Hospital located within the site will be remodeled
into Yongsan History Museum, carrying on the heritage of Yongsan, while the
multipurpose building, planned to be up to 34 stories high with 6 basement levels
and accommodate 685 households, will be developed into a residential-commercial
complex that combines high-class residences with shopping and culture.
The
9th Joint Committee of Architecture & Urban Plan of the Seoul
Metropolitan Government designated the Yongsan Railroad Hospital Site as a
Special Planning District and established a detailed development proposal on
May 26. Yongsan History Museum, that will be built on the site, has been
designated as the Yongsan History & Culture Renaissance Special Zone by the
Ministry of SMEs and Startups in April, and the project is being carried out as
a civic center historic base construction special project of Yongsan-gu. Principal
schedules include the remodeling work of the main building of the Yongsan
Railroad Hospital that has been going on since May and follow-up administrative
procedures for the residential-commercial complex so that it can begin
construction at the end of this year. Along with this, HDC IPARK 1st REIT Co.,
Ltd., HDC Hyundai Development Company’s real estate investment company,
obtained a business permit for the Yongsan Railroad Hospital Site development
project from the Ministry of Land, Infrastructure, and Transport on May 28 and
is carrying out the project in earnest.
HDC Hyundai
Development Company plans to concentrate its development and operation
competence in recreating the Yongsan Railroad Hospital Site – its operating
asset – into a global cultural complex where cultural experiences coexist with
residency that goes beyond mere inhabitation. Lifestyle contents that lead the
era will be adopted to neighborhood facilities and cultural facilities,
operating the site as a sustainable urban platform. It is planned to be made
into a leading global space where various thoughts combine and converge as
global players gather in Yongsan to interact and exchange.
An official
from HDC Hyundai Development Company stated that the Yongsan Railroad Hospital
Site development project is a meaningful project that not only regenerates the
historical legacy of the Yongsan Railroad Hospital into a new cultural space on
a private sector level, but also builds a leading town where the dynamic and
global lifestyle of Yongsan co-exists, expressing determination in making it
grow as a town developer that continues the vein of the city, revives the
neighborhood and heightens the value of the city while also revitalizing
everyday space through various development projects.
HDC
Hyundai Development Company considers Yongsan the center of global business and
has set a high value on its locational competitiveness, continuously expanding
the Town Business project. By introducing contents like IPARK Mall and HDC
Shilla Duty Free store in the private-funded Yongsan Station, HDC Hyundai
Development Company has cultivated Yongsan into a global center for shopping
and culture, and it is in the process of developing the underground space of
the park in front of Yongsan Station. Furthermore, through the development projects
of the Gongneung Station Area and Kwangwoon Univ. Station Area, HDC Hyundai
Development Company is carrying out multipurpose complex development in key
locations in Seoul that will invigorate the city.
