Lotte E&C has been finally selected as the contractor for the Jeonnong District 8 residential redevelopment project in Dongdaemun-gu, Seoul, further solidifying its influence in the Dongdaemun area.
The decision was confirmed at the contractor selection meeting held on the 24th at the Seoul National University auditorium in Dongdaemun-gu, Seoul.
With this project, Lotte E&C has secured a total of 1.6436 trillion KRW in urban redevelopment projects in Seoul alone this year, ranking among the top three in Seoul’s urban redevelopment sector along with the Sinbanpo 12th complex and Cheonho Woosung projects.
The Jeonnong District 8 residential redevelopment project is a large-scale development located in the Jeonnong-dong area of Dongdaemun-gu, Seoul, involving the construction of a complex with 19 apartment buildings ranging from 3 basement levels to 32 floors above ground, and comprising 1,750 units. The total construction cost is approximately 705.8 billion KRW.
Through this project, Lotte E&C plans to establish a "Lotte Castle Brand Town" in Dongdaemun-gu. The project will feature a central plaza of approximately 4,000 pyeong and a total landscaping area of 10,000 pyeong throughout the complex, providing a pleasant living environment. Additionally, with innovative exterior designs and specialized community spaces, Lotte E&C aims to make Jeonnong District 8 a new landmark in Dongdaemun-gu.
The complex boasts excellent transportation accessibility, being adjacent to Cheongnyangni Station, which is serviced by Subway Line 1, the Gyeongui-Jungang Line, and the Suin-Bundang Line. Furthermore, with future transportation developments such as the GTX B and C lines and the Myeonmok Line, the residential value is expected to increase further.
Moreover, the proximity to schools such as Jeongok Elementary School, Jeonnong Middle School, Jeonil Middle School, and Haeseong Girls' High School will provide excellent educational environments for residents' children.
A Lotte E&C representative stated, "Based on our long-established construction expertise and brand power, we will promptly advance the project to create a landmark representing Dongdaemun-gu."
https://www.newsmun.com/news/articleView.html?idxno=1139
Lotte E&C secures Jeonnong District 8 project, set to create a landmark in Dongdaemun-gu
Lotte E&C has been finally selected as the contractor for the Jeonnong District 8 residential redevelopment project in Dongdaemun-gu, Seoul, further solidifyin
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