- Corner-type commercial building at Hwaru Intersection with improved accessibility and visibility
- Ulsan's central commercial area connected to nearby residential-commercial complex town, traditional market, and Ujeong Innovation City... Securing abundant hinterland demand
Bando Construction will launch the corner-type commercial complex with excellent accessibility and visibility, ‘Masca Taehwagang’, in June.
Commercial facilities require not only abundant hinterland demand but also the potential influx of floating population into the stores. The possibility of floating population entering stores is influenced by accessibility and visibility, with locations along main roads generally having superior customer attraction power.
In particular, corner stores along main roads, which are advantageous for securing floating population and have locational rarity, are highly valued by both tenants and investors. Corner stores are exposed to shops on all sides, offering excellent visibility and accessibility. Being adjacent to roads makes vehicle access easy and also favorable for pedestrian inflow. Accordingly, tenant demand remains steady, allowing expectations of stable investment returns.
‘Masca Taehwagang’, a brand commercial complex newly introduced by Bando Construction in June at Taehwalu Intersection, the central commercial district of Ulsan, is attracting attention due to the assured influx of floating population.
The Taehwalu Intersection commercial district, where ‘Masca Taehwagang’ is located, serves as a gateway connecting Jung-gu and Nam-gu in Ulsan. It secures abundant floating population of about 40,000 people monthly from nearby Taehwa General Market, Ujeong Market, and hinterland demand of approximately 4,400 households in Ujeong Innovation City, making it a newly spotlighted commercial area.
Additionally, as a commercial facility within the ‘Taehwagang Ubora Palladium’ residential-commercial complex, it secures a fixed demand of 495 households as well as stable regular customers from nearby residential-commercial towns such as ‘Majesta Tower 1 & 2’ and ‘Taehwagang Ubless Central Park’.
‘Masca Taehwagang’ is located at the forefront of the Taehwagang riverside, offering a permanent view of the Taehwagang River. Nearby commercial facilities include Megabox, Lotte Cinema, NewCore Outlet, Hyundai Department Store, Homeplus, and Lotte Mart, as well as Ulsan City Hall and Ulsan Hospital. It is adjacent to Taehwagang Sports Park, Taehwagang Bicycle Road and Walking Trail, Ulsan Citizens Park, Taehwagang National Garden, Taehwalu, Citizens Park, Ulsan Hyanggyo Confucian School, and Ulsan Museum of Art, which is advantageous for securing floating population.
Transportation accessibility is also excellent, facilitating demand absorption. It is easy to travel via Bukbu Sunhwan Road, Donghae Expressway, Gangbuk-ro, Beonyeong-ro, and Taehwa-ro. As the transportation hub of Taehwalu Intersection, Ulsan Airport, Ulsan Station, Taehwagang Station, and Ulsan Express and Intercity Bus Terminals allow quick movement anywhere inside and outside the city. Nearby, two Ulsan Tram lines connecting Songjeong Station and Yaeum Intersection are being promoted.
‘Masca Taehwagang’, a commercial facility within the ‘Taehwagang Ubora Palladium’ residential-commercial complex, will be constructed in Ujeong-dong, Jung-gu, Ulsan Metropolitan City, with a total of 99 units from the 1st to the 3rd floor above ground. ‘Masca Taehwagang’ is implemented by the Ujeong Regional Housing Association and constructed by Bando Construction, with a promotional center to be established.
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