Commercial Space in High Foot Traffic Station Area 'Suseong Lake Avenue' for Sale

- Commercial area revitalized by abundant foot traffic... High tenant preference continues to increase value
- 'Suseong Lake Avenue' near Daegu Metro Hwanggeum Station and Suseongmot Station walking distance, full sale imminent

Station area locations are considered prime spots in the commercial market. This is because the influx of abundant foot traffic from subway users quickly activates the commercial district. As a result, tenant preference is high, and continuous real estate value appreciation can be expected.

Amid this, a commercial complex in the station area of Suseong-gu, Daegu, is attracting attention from prospective buyers as it nears a complete sell-out. Daewoo E&C is currently selling 'Suseong Lake Avenue' in the Dosan-dong area of Suseong-gu, Daegu. It consists of a total of 46 stores on the first and second floors above ground, with only a few units remaining, approaching the end of sales.

This commercial complex boasts a station area location within about a 10-minute walk to Hwanggeum Station and Suseongmot Station on Daegu Metro Line 3. Additionally, it is situated at the center of major commercial districts in Suseong-gu, connecting the Hwanggeum Station commercial area and Deulan-gil, Daegu's largest food town, naturally attracting foot traffic from existing commercial areas.

The hinterland demand is also abundant. It has a secured fixed demand base including 500 households of Suseong Lake Prugio residents, as well as approximately 2,300 households in residential-commercial complexes such as Daewoo Trump World Suseong (1,015 households) and Daegu Suseong SK Leaders View (788 households). Moreover, Suseongmot, a representative recreational area of Suseong-gu, is located about a 20-minute walk away, allowing for visitor demand absorption. In particular, with Suseong Lake Prugio scheduled for move-in this August, the commercial district is expected to activate even faster.

As it is supplied under the Prugio brand, the product quality is excellent. All stores on the first floor and some on the second floor are arranged in a street-type layout, offering excellent visibility and accessibility, optimized for customer shopping flow. Additionally, the open space design maximizes openness, which is expected to increase visitor dwell time and enhance customer attraction effects.

A differentiated MD (merchandise) composition is also planned. Considering local characteristics and customer needs, it will be composed of various business types ranging from lifestyle-oriented stores such as convenience stores, academies, hospitals, restaurants, and daily goods stores to themed complex types.

Meanwhile, Suseong Lake Avenue is currently operating a promotional center, and the scheduled move-in month is August 2022.