IPARK Hyundai Development Company Named Preferred Bidder for Geumjeong Station Area 1 Redevelopment in Gunpo

Artist's rendering of IPARK One Ascent in District 1 of the Geumjeong Station area in Gunpo, Gyeonggi Province (Image courtesy of IPARK Hyundai Development Company)

IPARK Hyundai Development Company has been selected as the preferred bidder for the redevelopment project in Geumjeong Station Area 1, Gunpo, Gyeonggi Province.

According to the redevelopment industry on October 14, the Geumjeong Station Area 1 Redevelopment Association designated IPARK Hyundai Development Company as the preferred bidder after the company submitted the sole bid in the second round of bidding to select a construction company. The association plans to hold a general meeting on October 24 to vote on the selection of the construction company.

The company proposed the name "IPARK ONE ASCENT" for the complex and presented a project plan featuring a 35-story sky community, view-focused design, and AI- and robot-based residential solutions.

The complex will comprise 1,137 households across 10 buildings, with four basement levels and up to 35 floors above ground. The plan reduces the number of residential buildings by two compared with the original proposal, increasing the distance between buildings. It also focuses on improving natural light, ventilation, and openness through south-facing units and a design primarily featuring slab-style buildings.

A sky community with views of Surisan Mountain and the city will be located on the complex's top floor, the 35th. A large plaza will be built in the central space made available by reducing the number of residential buildings. The plan also includes a 1.4-kilometer circular walking path connecting a lawn and themed gardens.

The project will also introduce advanced amenities, including AI home care and robot delivery, the first of their kind in Gunpo, as well as IPARK Hyundai Development Company's proprietary noise-reduction technology for inter-floor noise and an automated food waste transfer system.

The site is located in the area served by Geumjeong Station, a transfer station for Subway Lines 1 and 4. Regional transportation access is expected to improve when the GTX-C line opens in the future.

An IPARK Hyundai Development Company official said, "IPARK ONE ASCENT is a complex we have devoted considerable effort to, with the goal of creating the area's leading landmark in keeping with the expansion of regional transportation links and the development vision for the area around Geumjeong Station."

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