Hyundai E&C surpassed a cumulative 8.7 trillion won in urban renewal orders this year after winning the Apgujeong District 2 reconstruction project in Apgujeong-dong, Gangnam-gu, Seoul.
The Apgujeong Apartment District Special Planning Zone 2 Reconstruction Association said on the 29th that it held a general meeting on the 27th to select a builder and, through a vote of association members on the sole bid by Hyundai E&C, the preferred negotiation partner, selected Hyundai E&C as the builder.
Hyundai E&C, by winning the Apgujeong District 2 reconstruction project, recorded a cumulative 868.78 billion won in urban renewal orders this year. By the end of this year, it is aiming to become the first in the industry to "achieve 10 trillion won in annual urban renewal orders" through additional wins such as the Jangwi District 15 redevelopment project.
The Apgujeong District 2 reconstruction is a project to be carried out on a 192,910-square-meter site around 434 Apgujeong-dong, Gangnam-gu. The project will build a residential complex of 14 buildings with 5 basement levels to 65 above-ground floors, totaling 2,571 households, along with ancillary community facilities. The total construction cost is 2.7489 trillion won.
Hyundai E&C designed Apgujeong District 2 to reflect local characteristics and terrain so that every association member household can view the Han River. It applied a high piloti up to 14 meters, a "zero level" design with floors at the same height as the unit floors, 2.9-meter ceiling heights, and premium German windows and doors.
It also differentiated common areas within the complex with the central garden "100-year Forest" and the all-in-one community facility "Club Apgujeong." The "100-year Forest," created with carefully selected trees from across the country, will complete an ecological forest that naturally connects to Hangang Park. "Club Apgujeong," totaling 42,535 square meters, will feature spaces developed in collaboration with global brands.
Hyundai E&C plans to pool the capabilities of Hyundai Motor Group to make Apgujeong District 2 the nation's first "robot-friendly complex." From the design stage, it will optimize routes and systems so robots can move throughout the complex and will build a future city that encompasses residents' safety and convenience by introducing personal mobility, unmanned shuttle and firefighting, electric-vehicle charging, and valet parking robotics technologies.
A Hyundai E&C official said, "Apgujeong Hyundai Apartments are the starting point of residential innovation in Korea," adding, "We will newly complete the Apgujeong area as a '100-year city' that carries on half a century of Hyundai heritage and lead a differentiated residential culture."