At a total estimated cost of $35Billion, and slated to be completed by 2014, Songdo International Business District, the world’s largest commercial development ever built will house more than 65,000 residents in Incheon, South Korea.
The development is being built on over 1500 acres and will include an amazing 50 million square feet of office space, 30 million square feet of residential accommodations, 10 million square feet of retail, five million square feet of hotel accommodations and 10 million square feet of green space. The mix of offerings will include an international school, hospital, ecotarium and museum.
And here’s the kicker- it’s being built all at once!
GALE International, based in New York City, is the developer and the master plan was designed by Kohn Pedersen Fox.
See the fly-over video…
September 3, 2008 at 8:43 am
Very cool development, Greg! What is amazing is that they plan on completing this by 2014 . . . we probably won’t have the World Trade Center replacement tower completed by then.
BTW – I promoted the article on the new BiggerPockets Bulletin tool.
September 3, 2008 at 9:30 am
I wish there were a master planned metropolis here in America. I guess there’s really nowhere to put it, except in Idaho and the midwest. Then it couldn’t have a port or be next to a nice body of water.
September 24, 2008 at 5:01 pm
I’m surprised the project only costs 35 Billion! With The Fed buying out so many companies these days with so much money, It’s cool to see a project of this size go for so cheap.
Thanks for posting!