On the 28th, POSCO Engineering & Construction expressed its commitment to transform the front area of the Yongsan Maintenance Depot into a global landmark.
The front area of the Yongsan Maintenance Depot is a massive mixed-use development project targeting the area around 40-641 Hangangro 3ga, Yongsan-gu. This project will consist of 12 buildings ranging from 6 floors underground to 38 floors above ground, 777 apartments, 894 officetels, and commercial and office facilities.
This area is very close to the Yongsan Maintenance Depot site, which is expected to directly benefit from the future development plans for the Yongsan International Business District, attracting considerable interest from investors.
POSCO Engineering & Construction plans to propose differentiated brands and business conditions by applying the high-end brand "Othier" to the front area of the Yongsan Maintenance Depot.
POSCO Engineering & Construction, which declared its bid for the front area of the Yongsan Maintenance Depot, has previously constructed the "Haeundae LCT" at 101 stories in Haeundae, Busan, as well as the "Yeouido Park One" and "The Hyundai Seoul," which revived the stagnant office market and commercial district in Yeouido.
It also successfully completed the Songdo International Business District, worth 24 trillion won, and was selected as the preferred negotiation partner for the "Sewon District redevelopment project," which will become a new landmark in Seoul, and the "Seoripul complex project" being built in the heart of Seocho-dong.
POSCO Engineering & Construction plans to reflect the accumulated construction know-how and mixed-use development experience in the front area of the Yongsan Maintenance Depot.
A representative from POSCO Engineering & Construction noted, "The front area of the Yongsan Maintenance Depot is a strategic project that POSCO Engineering & Construction has prepared for a long time, and based on experiences from large-scale mixed-use developments such as the Yeouido Park One and Songdo International Business District, we will make the front area of the Yongsan Maintenance Depot a global landmark."
Meanwhile, the bid deadline for the front area of the Yongsan Maintenance Depot is scheduled for April 15.