The aging steel retail complex near Seoksu Station in Geumcheon-gu will be transformed into a mixed-use development featuring up to 43 stories and 944 residential units. The project aims to enhance the living environment and commercial landscape in the southwestern part of Seoul by incorporating residential, commercial, sports, and welfare facilities.
On October 30, the Seoul City Joint Committee for Market Redevelopment held a meeting and announced on November 1 that it had approved a revised plan for the 'Central Steel Retail Complex Redevelopment Project and Landscape Review' for the area around 966-2 Siheung-dong in Geumcheon-gu.
The Central Steel Retail Complex, established in 1987, has faced safety concerns due to aging facilities and illegal expansions and renovations over the past 39 years. In 2023, a fire occurred at the site, and the vacancy rate reached 38.4%, highlighting the need for revitalization.
The redevelopment project will include six mixed-use buildings with a total of 944 units, ranging from four underground floors to a maximum of 43 above ground. In addition to residential units, the development will feature large retail spaces, public sports facilities, and social welfare services, aiming to enhance convenience for local residents.
Seoul City also plans to comprehensively improve the pedestrian environment and transportation system in the area. The initiative aims to enhance mobility around Seoksu Station and strengthen accessibility to surrounding regions, creating a more pleasant urban environment.
This project is significant as it repurposes the existing steel retail site into a mixed-use residential and commercial space. It is expected that the upcoming Shinansan Line will further improve transportation access, expanding the residential and commercial functions around Seoksu Station.
Kang Seok, head of the Seoul City Balanced Development Headquarters, stated, 'The area around Seoksu Station has high development potential due to its excellent transportation conditions and abundant natural environment. This redevelopment project will create a harmonious space for residential, commercial, and convenience functions, contributing to balanced development in southwestern Seoul in conjunction with improved transportation access from the upcoming Shinansan Line.'
* This article has been translated by AI.
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