Lotte Engineering & Construction has won the contract to rebuild the Dogok Woosung apartment complex in Seoul's Gangnam district, pushing its cumulative urban redevelopment orders past 4 trillion won ($2.9 billion) this year.
The builder said on the 6th that it was selected as contractor at a general meeting of the Dogok Woosung reconstruction association held on the 5th at the auditorium of Daechi Middle School in Gangnam. The project will replace the existing complex with four apartment buildings ranging from six basement levels to 26 floors above ground, along with community facilities. Total construction cost is 400.2 billion won.
Lotte E&C plans to apply Le-El, its premium residential brand, to the new complex and has proposed Dogok Le-El as the project name. Global architecture firm JERDE will take part in the exterior design. The company also plans to build community facilities including a sky lounge with views of Lotte World Tower, Mount Daemo and central Gangnam.
Landscaping will be designed to connect with the surrounding natural environment. Plans call for a walking trail of about 3 kilometers running from Ssarigogae Park to the complex, with a lawn plaza and gardens inside the grounds.
The Dogok Woosung complex sits near Eonju Elementary School and Eunsung Middle School, and is close to green and waterfront areas including Dogok Park, Maljukgeori Park and Yangjae Stream. Residents can access medical and administrative facilities such as Gangnam Severance Hospital and the Seocho District Office. The site is also served by the Gyeongbu Expressway and Yangjae Station on Subway Line 3 and the Shinbundang Line. Wider transit access is expected to improve once the Great Train Express (GTX)-C line opens.
"Drawing on our accumulated construction capabilities and redevelopment experience, we will turn Dogok Woosung into a residential complex that represents Gangnam district," a Lotte E&C official said. "Beyond major reconstruction projects in the Gangnam area and Mokdong, we plan to actively pursue public redevelopment orders as well, including the urban public housing complex project near Yaksu Station and the public redevelopment of the Myeonmok 9 district."
Including this contract, Lotte E&C has secured six urban redevelopment projects this year, with cumulative orders of 4.011 trillion won.
Before Dogok Woosung, the builder won the reconstruction of the Garak Kukdong apartment complex in Songpa district for 484 billion won. It went on to secure contracts for the Geumho 21 district redevelopment in Seongdong district (624.2 billion won), the Yongho 3 district reconstruction in Changwon (396.7 billion won), the fourth zone of the Seongsu strategic redevelopment area in Seongdong district (1.3492 trillion won) and the public redevelopment of the Chunghunbu area in Anyang (756.7 billion won).
