Parc1: Seoul's Iconic Skyscraper and Mixed-Use Landmark
Rising prominently above the skyline of Yeouido, Parc1 represents a significant milestone in South Korean urban architecture. This massive US$1.5-billion complex is more than just a skyscraper; it is a multi-functional destination integrating high-end retail, luxury hospitality, and premium office spaces into a single, cohesive urban hub.
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Located at 108, Yeoui-daero in the Yeongdeungpo-gu district of Seoul, Parc1 occupies a 46,465 square metre plot that was formerly the Tongil Parking Lot. Situated between bustling financial districts and residential areas, the complex borders the serene Yeouido Park, offering a unique blend of metropolitan energy and green space.
Key Facts
- Total Height: 333 meters (1,093 ft)
- Floor Count: 69 floors
- Architect: RSHP (Lord Richard Rogers)
- Location: Yeouido, Seoul, South Korea
- Primary Use: Shopping, Hotel, and Office complex
- Completion Date: July 13, 2020
Development and Architectural Vision
The journey of Parc1 was marked by significant milestones and periods of pause. Following its groundbreaking on June 5, 2007, and the start of construction in February 2008, the project faced a hiatus in 2011. However, work resumed in early 2017, leading to its official completion in July 2020.
The project was realized by Skylan Properties Korea Ltd., a foreign-invested property development group. To manage the complex financial requirements of such a massive undertaking, the global investment bank Morgan Stanley served as the financial advisor. The architectural design was led by RSHP, headed by Lord Richard Rogers, the former chief architectural advisor to the Mayor of London.
Structural Composition
The Parc1 complex is composed of several distinct structures designed to serve diverse urban needs:
- Tower I and Tower II: The primary vertical structures providing office and residential/hotel space.
- The Hyundai Seoul: A major retail destination within the complex.
- Fairmont Ambassador Seoul: A luxury hotel component.
- Retail Mall: A central six-story glass mall designed to house approximately 400 stores.
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Technical Specifications and Tenants
The engineering behind Parc1 required world-class expertise. The Arup Group served as the structural engineer, while POSCO E&C acted as the main contractor to bring the 333-meter structure to life. The building's architectural height reaches 333 meters, while the roof sits at 318 meters.
As a premier business hub, Parc1 hosts notable corporate tenants, including NH Investment & Securities and LG Energy Solution. The integration of high-profile commercial entities ensures that the complex remains a vital organ of Seoul's financial district.
| Category | Details |
|---|---|
| Architectural Height | 333 m (1,093 ft) |
| Total Floors | 69 |
| Main Contractor | POSCO E&C |
| Structural Engineer | Arup Group |
| Opening Date | July 31, 2020 |
Frequently Asked Questions
Where is Parc1 located?
Parc1 is located at 108, Yeoui-daero, Yeongdeungpo-gu, Seoul, South Korea, in the Yeouido area.
Who designed the Parc1 complex?
The complex was designed by the architectural firm RSHP, led by Lord Richard Rogers.
What kind of businesses are located in Parc1?
Parc1 is a mixed-use complex containing a six-story shopping mall with 400 stores, the Fairmont Ambassador Seoul hotel, and office spaces for companies like LG Energy Solution and NH Investment & Securities.
How tall is the Parc1 building?
The architectural height of Parc1 is 333 meters (1,093 feet), spanning 69 floors.
When did Parc1 officially open?
After construction resumed in 2017, the complex was completed on July 13, 2020, and officially opened on July 31, 2020.