Lotte Engineering announced on September 6 that it has been selected as the construction company for the Dogok Woosung Apartment reconstruction project in Gangnam, Seoul.
The reconstruction will transform the existing complex into a six-story underground and 26-story above-ground structure, comprising four buildings with a total of 566 units. Additional community facilities will also be developed. The total construction cost is estimated at 400.2 billion won.
Lotte Engineering proposed the name 'Dogok Leel' for the complex, incorporating its high-end residential brand. The company plans to collaborate with the global architectural firm JERDE to enhance the exterior design.
Community amenities will include a sky lounge with views of Lotte World Tower, Daemosan, and the Gangnam city center, as well as landscaped areas featuring walking paths, grassy plazas, and gardens that harmonize with nature.
With this contract, Lotte Engineering's total urban renewal project contracts for the year have increased to six, totaling 4.1 trillion won. Major projects include the redevelopment of the Seongsu Strategic Maintenance Zone District 4 (1.3492 trillion won), public redevelopment in Anyang's Chungunbu area (756.7 billion won), redevelopment of the Geumho 21 district (624.2 billion won), reconstruction of the Garak Geukdong Apartments (484 billion won), and reconstruction of the Yongho District 3 in Changwon (396.7 billion won).
Notably, the total contract amount for projects in Seoul, including Dogok Woosung, stands at 2.8576 trillion won, accounting for 71.2% of the overall contracts. Among these, the Seongsu Strategic Maintenance Zone District 4 represents the largest share at 33.6% of the total contract performance.
Following the Dogok Woosung contract, Lotte Engineering plans to pursue additional projects in the Gangnam area and Mokdong, as well as a mixed-use public housing project near the Aksu Station and a public redevelopment project in the Myeonmok 9 district.
A Lotte Engineering official stated, "Based on our accumulated construction capabilities and project experience, we plan to complete the Dogok Woosung Apartment as a landmark residential complex representing Gangnam."
* This article has been translated by AI.
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