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SMG – Jamsil Sports Complex Redevelopment – South Korea - Project Profile

SMG – Jamsil Sports Complex Redevelopment – South Korea - Project Profile

Synopsis

"SMG – Jamsil Sports Complex Redevelopment – South Korea - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "SMG – Jamsil Sports Complex Redevelopment – South Korea - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary

The Seoul Metropolitan Government (SMG) is planning to redevelop the Jamsil Sports Complex in Seoul, South Korea.

The project involves the redevelopment of Jamsil sports complex on 400,000m2 of land.

The overall project includes the construction of a 100,000m2 convention and exhibition center, a 1,000-room business hotel, a 500-room five-star hotel, a 250-room youth hostel, an 11,000-seat sports complex, a 35,000-seat baseball stadium, an indoor gymnasium, a swimming pool, shops and restaurants, a museum and related facilities. These facilities will be developed in three phases.

The first phase includes the removal of the student gym and swimming pool and the construction of two hotels, a sports complex comprising 11,000 seats, a swimming pool, an indoor gymnasium and a concert hall; the second phase includes the construction of a youth hostel and a secondary stadium, and the development of the area by the river; and the third phase includes the construction of an exhibition and convention center and related facilities.

In May 2015, SMG launched an international ideas competition for the project, which asks for creative, innovative and outstanding ideas to transform the area into an international attraction.

In October 2015, the winners of the international ideas competition were announced, “A Thousand City Plateaus” designed by Unsangdong Architects Cooperation, “Jamsil Ludens Park” by Kunwon Architects Planners Engineers, and “SynchroniCity” by Kyu Sung Woo and four other individual architects from the U.S.

BXBstudio and Niko Kapa (Karintzaidis) were appointed as architects.

SMG is planning to select a private developer to start the construction while, the Korea International Trade Association (KITA) is in the process of making preparations to win the bid to be the main operator of the convention center project. Due to tough competition, KITA decided to focus on securing financial backing, as it needs to cover at least 15 percent of the construction cost with its own equity. The main operator of the business will be selected by 2018 and the construction will take place from 2019 to 2025, according to the proposed plan.

Construction on the first phase is expected to commence in 2019 and be completed by 2022. The second phase will be completed by 2023, while the third phase will be completed by 2025.

Stakeholder Information:
Planning Authority: Seoul Metropolitan Government
Architects: BXBstudio and Niko Kapa (Karintzaidis)

Scope

The project involves the redevelopment of Jamsil sports complex on 400,000m2 of land in Seoul, South Korea.

The US$2,592 million project includes the following:

1. Construction of a 100,000m2 convention and exhibition center

2. Construction of a 1,000-room business hotel

3. Construction of a 500-room five-star hotel

4. Construction of a 250-room youth hostel

5. Construction of an 11,000-seat sports complex

6. Construction of a 35,000 seat baseball stadium

7. Construction of an indoor gymnasium

8. Construction of a swimming pool

9. Construction of shops and restaurants

10. Construction of a museum

11. Construction of related facilities

Reasons To Buy

  • Gain insight into the project.
  • Monitor the latest project developments.
  • Identify key project contacts.


1.Key Statistics
2.Key Dates
3.Sector
4.Operating metrics
5.Tender Information
6.Scope
7.Description
8.Latest update
9.Background
10.Key Contacts
11.General News, Project News
12.Appendix

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