Samsung C&T Enters Race for 2.4 Trillion Won Mokdong 13 Complex...Collaborates with 'One Bailey' US Architect [Real Estate AtoZ]

Aiming for the "First Raemian" Flag in Mokdong

The construction division of Samsung C&T Corporation is teaming up with an American architectural firm as it seeks to win the reconstruction project for Mokdong 13 Complex in Seoul, a project valued at 2.4 trillion won.

On September 3, Samsung C&T announced that SMDP would be participating in the design of the Mokdong 13 Complex reconstruction project in Yangcheon-gu, Seoul.

The Mokdong 13 Complex reconstruction project is an urban renewal project that will demolish 2,280 existing units across a 178,919-square-meter site in Sinjeong-dong, Yangcheon-gu, and transform it into a large-scale complex with 3,852 units. The estimated construction cost is approximately 2.3763 trillion won.

Aerial view of Mokdong 13 Complex, Sinjeong-dong, Yangcheon-gu, Seoul. The area within the yellow line is the target site for the redevelopment project. Samsung C&T Corporation

SMDP, headquartered in Chicago, USA, specializes in urban mixed-use developments and luxury residential facilities. In Korea, it has participated in the design of such projects as Raemian One Bailey, Nine One Hannam, and Acro Seoul Forest. This marks an additional partnership following their prior collaboration on the Shinbanpo 4th and Shinbanpo 19th and 25th reconstruction projects, where Samsung C&T was the contractor.

According to the development plan, Mokdong 13 Complex is designed to reach a maximum height of 156 meters and 49 floors. Samsung C&T plans to create a panoramic environment that fully leverages the views of natural surroundings such as Anyangcheon Stream and Maebongsan Mountain. Samsung C&T explained, "Together with SMDP, we are considering not only structural safety, but also optimal living conditions in terms of sunlight, views, and privacy, and we are planning a skyline befitting the site's location and scale."

Samsung C&T intends to position Mokdong 13 Complex as a bridgehead for the first Raemian development in Mokdong, and will actively pursue other reconstruction projects in the surrounding area going forward.

Lim Cheoljin, Head of Housing Sales at Samsung C&T, commented, "Mokdong 13 Complex is a strategic hub with high symbolic significance and influence within Mokdong's reconstruction market. We plan to mobilize the full capabilities of our company to turn it into a landmark that truly represents all of Mokdong."

This content was produced with the assistance of AI translation services.