GS Engineering & Construction will build the reconstruction project for Seocho Jinheung Apartments in Seoul’s Seocho district.
The company said in a regulatory filing on Monday that it was selected as the contractor for the Seocho Jinheung Apartments reconstruction and maintenance project near 385 Seocho-daero. The complex was completed in 1979.
The existing site consists of seven buildings with 615 households. After reconstruction, it is planned to become a residential complex ranging from five basement levels to 58 stories above ground, with 879 households in total. The construction cost is about 679.3 billion won, equal to 5.46% of the company’s consolidated revenue as of the end of last year.
GS E&C proposed the new name ‘Seocho Xi Cullinus.’ Dutch architecture firm MVRDV will take part in the exterior design, and U.S.-based LERA will handle structural design. Landscape design is to be led jointly by SWA, which has worked on Disney World landscaping, and Everland, Samsung C&T’s resort unit.
The company expects the project to take 53 months from the actual start of construction.
* This article has been translated by AI.
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