Lotte Construction Wins Garak Geukdong Apartment Reconstruction in Songpa... to Build "Garak Le El" [Real Estate AtoZ]

12 Buildings with 999 Units
Total Construction Cost: 484 Billion Won

Lotte Construction announced on January 18 that it has secured the contract for the reconstruction project of Garak Geukdong Apartment in Songpa-gu, Seoul, marking its first urban renewal project win of the new year.

This project involves reconstructing the Garak-dong area in Songpa-gu, Seoul, to build 12 apartment buildings ranging from three basement levels to 35 above-ground floors, totaling 999 units, along with various community facilities. The total construction cost is approximately 484 billion won.

Aerial view of 'Garak Le El,' the reconstruction project of Garak Geukdong Apartment in Songpa-gu, Seoul. Lotte Construction

Lotte Construction plans to apply its high-end residential brand, "Le El (LE-EL)," to this complex, creating "Garak Le El." With this contract, the number of projects featuring the "Le El" brand increases to 16.

To establish a landmark in the Gangnam area, Lotte Construction collaborated with the global architectural design firm JERDE to create a distinctive exterior design. The plan includes a 1.5-kilometer circular walking trail centered around the complex's central plaza and a variety of community facilities for residents, thereby enhancing the project's market appeal.

A Lotte Construction representative stated, "Based on our construction expertise, we will complete a premium landmark complex in Songpa-gu, Seoul, and deliver innovative residential value."