Ulsan's Largest Street-Style Commercial Facility 'Ulsan Jiwell City Mall' Seeks Tenants

The Largest Street-Style Commercial Facility Recognized as a Landmark in Ulsan, Expected to Hold Exclusive Operating Rights for 2,687 Households

[Photo by Ulsan Gwell City Mall]

‘Ulsan Jiwell City Mall,’ the commercial complex within ‘Ulsan Jiwell City Xi,’ which is rapidly emerging as a landmark in Ulsan, is attracting attention as it is currently recruiting tenants.

‘Ulsan Jiwell City Mall’ spans from basement level 5 to ground level 1 and is Ulsan’s largest street terrace-style commercial facility, stretching approximately 800 meters connecting Complex 1 and Complex 2. It is expected to become a landmark in the Dong-gu area of Ulsan.

Notably, it has secured a substantial fixed demand due to its location. Including the entire 2,687 households of the large-scale complexes?1,371 households in Complex 1 and 1,316 households in Complex 2 of ‘Ulsan Jiwell City Xi’?it is situated within a catchment area of about 12,000 households within a 500-meter radius, including Seobu Seongwon Santeville, Seobu Hyundai Family, and Hyundai Family Myeongdeok, forming a stable hinterland demand 365 days a year.

Additionally, it is located in a school district with educational institutions such as Seobu Elementary School, Hyundai Middle School, Hyundai High School, and Ulsan East Library concentrated within 500 meters. The nearby Hyundai Sports Clubhouse also attracts not only student demand but also a large floating population enjoying leisure activities. Furthermore, a road connecting Hyundai Heavy Industries between Complex 1 and Complex 2 is scheduled to open, and the hinterland demand is expected to increase further through the wide-area transportation network including Ulsan Bridge, Bangojin Loop Road, Bongsu Road, and Yeompo Mountain Tunnel.

An official stated, “The catchment area with about 12,000 fixed households and the visibility from the side road commercial exposure provide excellent visibility and accessibility. Especially, the diverse age groups of visitors due to the proximity to nearby schools, residential complexes, and Hyundai Heavy Industries right in front make it easy to establish commercial operation strategies and offer a wide range of business options.”

Meanwhile, the opening date for ‘Ulsan Jiwell City Mall,’ Ulsan’s largest street-type commercial facility with a fixed demand of about 12,000 households, is scheduled for June 2023.