Yongsan-gu's Namyeong-dong Business District Zone 2 Redevelopment Gets Under Way With 657 Units

The urban renewal redevelopment project for Namyeong-dong Business District Zone 2 in Seoul's Yongsan-gu has cleared the Seoul Metropolitan Government's integrated review, opening the way for full-scale development, Yongsan-gu District Mayor Park Hee-young announced.

Yongsan-gu said the integrated review committee granted conditional approval across eight planning categories — urban renewal, architecture, landscape, education, traffic, fire department, disaster prevention and environment — for the project centered on the area around 92 Galwol-dong. The decision came June 4 at the 11th session of the Seoul Metropolitan Government's Urban Renewal Integrated Review Committee.

The site sits in a transit-oriented area adjacent to Namyeong Station on Seoul Metro Line 1 and Sookmyung Women's University Station on Line 4, along Hangang-daero — the main corridor of Yongsan's broader metropolitan hub. Despite its prime location, the area has long been densely packed with aging buildings, and calls for urban renewal have been raised consistently for years.

The project has been in the works since 2022, when the renewal zone was designated and the improvement plan was finalized, followed by association establishment approval in 2023. Conditions improved further last year when the Seoul Metropolitan Government announced a policy raising the baseline height standards for central districts under its "2030 Seoul Metropolitan Urban and Residential Environment Improvement Master Plan."

With the review cleared, the site will accommodate three residential towers rising up to 42 above-ground floors over eight basement levels, along with a single 35-story office building. The maximum building height has been raised from 120 meters to 150 meters, and the residential ratio has expanded from 57.5 percent to 68.8 percent.

The complex will supply a total of 657 units, including 35 mandatory rental units and 45 public rental units. Retail and fitness facilities will occupy the basement level through the first floor, making the development a fully integrated residential, office and commercial complex.

Through land donation, the project will also add approximately 15,000 square meters of public rental office space and a roughly 5,700-square-meter Namyeong-dong community center. The additions are expected to strengthen public services in the area and expand the district's role as a business hub.

The plan also secures a visual corridor connecting Yongsan Park and Hyochang Park to enhance openness, and public plazas will be created at key pedestrian nodes to provide rest areas for residents. The Sookmyung Women's University Station subway entrance will be relocated inside the project site to improve the pedestrian environment along Hangang-daero.

"Namyeong-dong Business District Zone 2 is a place where residents who have lived through decades of change and growth in this neighborhood are driving the project themselves," District Mayor Park said. "We will spare no administrative support to ensure that the residents who have long called this area home can carry the project forward with stability."