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 reconstruction project for Garak Geukdong Apartment in Songpa-gu, Seoul, marking its first urban redevelopment contract of the new year.

This project involves reconstructing the Garak-dong area in Songpa-gu, Seoul, to build 12 apartment buildings with three basement levels and 35 above-ground floors, totaling 999 units and 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," 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 specialize the exterior design. The strategy is to enhance the value of the development by creating a 1.5-kilometer circular walking trail centered around the central plaza and offering a variety of community facilities for residents.

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."