DL E&C opens showroom for 'Acro Seongsu' ahead of contractor vote

DL E&C announced Tuesday that it has opened a showroom for "Acro Seongsu," its proposed brand for the redevelopment of Zone 2 of the Seongsu Strategic Improvement District in Seongdong-gu, Seoul.

The showroom is located near Apgujeong Station in Gangnam-gu, where association members can attend project briefings, watch promotional videos and explore a scale-model zone. The Acro Seongsu redevelopment project calls for nine buildings ranging from six below-ground floors to a maximum of 62 above-ground floors, with a total of 2,350 units. The total construction cost stands at 2.01 trillion won ($1.49 billion), and the association is set to hold a contractor selection vote on Nov. 21.

DL E&C has proposed the following key project terms for Zone 2: full project financing at a CD rate plus 0 percent interest, relocation cost financing at a 100 percent loan-to-value ratio, a maximum four-year deferral of association members' contribution payments after move-in, the contractor absorbing 40 billion won in construction cost inflation with a fixed price thereafter, and a 100 percent buyback of any unsold units.

Acro Seongsu benefits from a location that takes in the Han River, Seoul Forest and the urban culture of Seongsu simultaneously. DL E&C has proposed a layout designed to extend Han River views as a value shared across the entire complex. By optimizing the placement of residential towers, the plan secures wide view corridors and high pilotis, and increases the number of premium Han River-view units to 110 percent of the total association member household count. Three-directional views and the highest ceiling heights along the Han River are also incorporated to enhance the sense of openness.

The exterior design will be developed in collaboration with global architectural design group Arcadis, while British firm Arup will handle the high-rise structural engineering to reinforce both the building's iconic presence and structural safety. Landscape design will be led by MSP, a globally recognized landscape design group. Lighting design will be handled by German firm Licht Kunst Licht, which designed the illumination of Cologne Cathedral.

Community spaces will be designed by hotel and lifestyle design studio Yabu Pushelberg. The "Club Acro" community will feature high-end lifestyle facilities including an indoor infinity pool, a private wellness club and a grand cinema. Top-floor amenities — a Sky Art Dining venue, a Sky Library and a Sky Pool Villa — will offer Han River-view experiences unlike anything previously available in Seongsu. The project also introduces a range of specialized floor plans, including super penthouses with exclusive use areas of 400 and 600 square meters, alongside panorama houses and terrace houses.

"Acro is South Korea's leading high-end brand, one that has continuously set new standards for luxury riverside living," a DL E&C official said. "By adding Acro's design capabilities and residential philosophy, we will complete a one-of-a-kind landmark at the heart of Seongsu that leads the way in future value."

Meanwhile, DL E&C has been asserting its presence in key urban renewal projects this year, having secured the Mokdong Complex 6 contract worth 1.29 trillion won. If the company wins the construction rights for both Zone 2 in Seongsu (2.01 trillion won) and Haan Jugong Complex 9 (930.9 billion won) this month, its total urban renewal contract value for the year is expected to reach the 4 trillion won range.