45-Story Complex with 14 Buildings, 2,803 Units
‘Hillstate Lotte Castle Centum Sky’
Collaborating with Global Architecture Firm SMDP
Highest Sky Bridge Design Implemented,
Perspective of Yeonsan 5 District in Busan./Courtesy of Hyundai Engineering & Construction,
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, ‘Hyundai Engineering & Construction has secured the first major urban redevelopment project of the year by winning the Yeonsan 5 District reconstruction project in Busan, valued at 1.4447 trillion won.’,
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, ‘The Hyundai and Lotte Construction consortium announced on the 24th that they were selected as the contractors during the general meeting for the Yeonsan 5 District reconstruction project held on the 23rd.’,
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, ‘This reconstruction project is being pursued in the Yeonsan-dong 2220 area of Yeonje-gu, Busan, covering 208,936 square meters. Through the redevelopment, it plans to construct 14 buildings ranging from 4 basement levels to 45 stories above ground, totalling 2,803 residential units along with auxiliary welfare facilities. The total construction cost is 1.4447 trillion won, with Hyundai Construction holding a 53% stake and Lotte Construction 47%.’,
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, ‘The Hyundai Construction consortium proposed the name ‘Hillstate Lotte Castle Centum Sky’ for the complex. It aims to surpass the symbolic value of Centum, a hallmark of an advanced future city, by creating a site offering unrivaled natural views, thereby redefining Busan’s skyline. They partnered with the globally renowned architectural firm SMDP to propose a landmark design.’,
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, ‘Every member of the cooperative will have views of the sea, river, and mountains. By implementing specialized open designs on three sides, pocket terraces, and penthouses, every unit is promised optimal view premiums.’,
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Perspective of Yeonsan 5 District in Busan./Courtesy of Hyundai Engineering & Construction,
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, ‘The Sky Community, established on the 45th floor, will become a landmark representing the region. The Sky Bridge will feature a sky lounge and rooftop lounge, creating a high-end community space.’,
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, ‘In last year’s urban redevelopment, Hyundai Construction won contracts worth 6.0613 trillion won, maintaining its position as the leader in contract amounts for six consecutive years. This year, it is focusing on key areas like Gaepo-dong 6 and 7 complexes, Apgujeong 2 District, and Seongsu 1 Zone in Seoul. Hyundai Construction, known for constructing the “Apgujeong Hyundai Apartment” 50 years ago in 1975, has applied for a trademark of “Apgujeong Hyundai” for the upcoming Apgujeong reconstruction. It formed a task force team in December 2023 and recently expanded it into the ‘Apgujeong Reconstruction Sales Team.’ In Seongsu 1 Zone, they are also reinforcing tailored strategies with separate dedicated teams for various project areas.’