We all know that at some point Yongsan will be the center of Seoul (geographically it already is). Well, it seems like Mirae Asset Group will bring that future a little bit closer to us. Mirae Asset will invest KRW 230 billion (USD 211 million) to Yongsan International Business District (or Dream Hub) and build a hotel facility. It will be using 21 levels of Landmark Hotel Tower (69 levels) and will have about 400 guest rooms. Expected candidates are Four Seasons, Mandarin Oriental, St. Regis, Park Hyatt, W and Shangri-La but the rumor says it will be either Four Seasons or Mandarin Oriental. On the top levels of the tower, 200 rooms will be operated as VVIP hotel residences. Personally, I think Mirae Asset has made a brilliant decision, as Yongsan Station will be the hub of 15 railways including KTX, Airport Railroad and Yongsan Cruise Terminal will be connected to Dream Hub.
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We know that Yongsan U.S. military base will move to another place, then what will fill the hugh space? Here's the idea from the city. Six parks will be made to become a green network connecting Namsan and the Han River and on the UNC site, 50-story commercial buildings will be constructed. The park district will be 2,420,000 square meters. Each park will have a theme and they are named as 'U-Eco Park', 'International Culture Park' and so on (I think it is kinda stupid though). The complex district will occupy 2% of the total space and will be about 180,000 square meters. Commercial buildings will be developed along Hannam New Town. The Shin Bundang Line will be connected to the Yongsan Park, so its accessibility will be improved. These are still simple sketches and I will keep updating you guys when I hear something.
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