Seoksu Station Central Steel General Market to Become a 944-Unit Mixed-Use Complex

Bird's-eye view of the Jungang Cheoljae Comprehensive Shopping Center redevelopment project near 966-2 Siheung-dong, Geumcheon-gu, Seoul (Source: Seoul Metropolitan Government)

An aging steel market near Seoksu Station in Geumcheon-gu, Seoul, will be transformed into a mixed-use complex with up to 43 floors and 944 residential units.

On November 1, the Seoul Metropolitan Government announced that the Market Redevelopment Project Joint Committee, which met on October 30, approved with modifications the implementation plan and landscape review proposal for the Central Steel General Market redevelopment project in the area around 966-2 Siheung-dong, Geumcheon-gu.

The Central Steel General Market opened in 1987 in the Seoksu Station area of Geumcheon-gu, a southern gateway to Seoul. About 39 years after its completion, safety concerns had been repeatedly raised due to illegal extensions and renovations, and a fire broke out in 2023. The vacancy rate reached 38.4%.

The site borders Hoamsan Mountain to the east and Anyangcheon Stream to the west. The opening of the Shin Ansan Line, which is currently under construction, is expected to improve access to major business districts, including Yeouido.

The Seoul Metropolitan Government plans to redevelop the area, where development has stalled amid a mix of aging steel markets and residential areas, through a market redevelopment project under the Special Act on the Promotion of Traditional Markets and Shopping Districts.

With the addition of residential and commercial facilities and various amenities, the area is expected to become a new residential and lifestyle hub in southwestern Seoul.

The project is expected to provide a total of 944 residential units in six mixed-use buildings, ranging from four underground floors to a maximum of 43 aboveground floors. A large-scale retail store, public sports facilities, and social welfare facilities will also be built.

The buildings will be arranged so that they decrease in height farther from Gangnam Beltway, and a view corridor toward Hoamsan Mountain will be preserved to harmonize with the surrounding natural landscape.

The pedestrian environment and transportation system in the area will also be improved comprehensively to make it easier for residents to get around.

Kang Seok, head of the Seoul Metropolitan Government's Balanced Development Headquarters, said, "The area around Seoksu Station has strong development potential, with excellent transportation and a rich natural environment. We will work to promote balanced development in southwestern Seoul, building on the improved transportation access expected when the Shin Ansan Line opens."

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