Hyupsung Construction Minrak-dong Hotel, Accommodation Facilities / Urban Planning Facility Project (Minrak Recreation Area Mixed Development New Construction) Implementation Plan Approval Viewing Notice
- Area of 113-62, Minrak-dong, Suyeong-gu
A mixed development new construction project with 9 underground floors and 42 above-ground floors is underway in the area of 113-62, Minrak-dong, Suyeong-gu, Busan. This project received conditional approval from the Busan City Architecture Committee on January 23, 2025.
The main uses include residential facilities, luxury hotels, facilities for the elderly and children, cultural and assembly facilities, sports facilities, and neighborhood living facilities, with a total floor area of 96,366.73㎡. Notably, the maximum height of this building is set at 176m, which is expected to significantly change the skyline of the Gwangalli coast.
Detailed information about the Minrak Recreation Area mixed development new construction project by Hyupsung Construction can be confirmed through the deliberation results of the Busan City Architecture Committee. For more information, please refer to the post below.
The implementing agency, Solomon E&C, is a subsidiary of Hyupsung Construction, which is collaborating with the global hotel operator IHG Group. They are moving forward with the introduction of a six-star luxury hotel brand. Brands currently being discussed include InterContinental and Kimpton, and it is likely to establish itself as the first luxury hotel in Suyeong-gu.
Moreover, the adjacent former Miworld site is also actively pursuing the construction of accommodation facilities aimed at attracting luxury hotels. These projects are expected to significantly contribute to the revitalization of tourism in the area.
The site was previously designated as a natural green zone, but it became possible to develop it after its designation was changed to a semi-residential area in 2017. While conditions such as donations and preservation of the original form were imposed during this process, concerns regarding the privatization of coastal views and uncontrolled development are still being raised.
Recently, the government has been promoting policies to relax the requirements for changing the purposes of residential facilities to office-type accommodations and registration requirements for accommodation businesses. This has raised the possibility of future deterioration into residential facilities, but in the architectural review, it proceeded as accommodation facilities without a change of use. This situation is expected to have a significant impact on the future direction of development.
The construction company plans to create a children's complex cultural space 'Deulraknalak' from the 4th basement floor to the 2nd floor.
In addition, it plans to install an observatory on the 42nd floor for citizens to use freely.
Furthermore, to improve access to Minrak Recreation Area, options for additional stairs and elevators are also being reviewed.
Notice No. 2025-630 from Busan Metropolitan City
Public Notification on the Review of Implementation Plan Approval for Urban Planning Facility Project (Minrak Recreation Area Mixed Development New Construction)
(Area of 113-62, Minrak-dong, Suyeong-gu)
1. Decided as an urban planning facility (Minrak Recreation Area) as per the Public Notice No. 2006-471 (January 2, 2007), changed urban management plan (Minrak Recreation Area) as per the Public Notice No. 2017-239 (July 19, 2017), and Public Notice No. 2024-174 (June 1, 2024). According to Article 90 of the "Land Use and Planning Act" and Article 99 of the Enforcement Decree, the following is presented as a public notification.
2. Related documents are kept at the Busan Metropolitan City (Department of Parks and Leisure Policies ☎888-3816) and Suyeong-gu (Department of Jobs and Economy ☎610-4532), and those who have opinions are requested to submit written opinions at the designated locations during the review period.
February 26, 2025
Mayor of Busan Metropolitan City
a. Viewing period: 2025.02.26. ~ 2025.03.12.
b. Viewing locations: Busan Metropolitan City Department of Parks and Leisure Policies (☎888-3816) and Suyeong-gu Department of Jobs and Economy (☎610-4532)
c. Main contents of the implementation plan approval
1) Location of the project: Area of 113-62, Minrak-dong, Suyeong-gu, Busan
2) Type of the project: Urban planning facility project (Recreation area)
3) Name of the project: Minrak Recreation Area Mixed Development New Construction
4) Scale of the project:
| Project Area | 10,100㎡ |
| Building Area | 6,024.16㎡ |
| Total Floor Area | 96,366.73㎡ |
| Scale | 9 underground floors, 42 above-ground floors |
| Facilities | Accommodation and neighborhood living, sports, cultural and assembly facilities, facilities for the elderly and children |
5) Name (Address) of the project executor
- Name: Solomon E&C Co., Ltd. CEO Na Guk-won
- Address: 104, Dangam-ro, Dong-gu, Busan, 7th Floor (Buam-dong, Hyupsung Plaza 7th Floor)
6) Project commencement and expected completion date
- Expected commencement date: 12 months from the approval date
- Expected completion date: 36 months from the start date
7) Land acquisition and ownership rights other than title deed
d. Related documents: omitted (kept at the viewing location).
Category
Notice
Organization Type
City
Organization
Busan Metropolitan City
Public Notice Number
No. 2025-630
Title
Public Notification on the Review of Implementation Plan Approval for Urban Planning Facility Project (Minrak Recreation Area Mixed Development New Construction)
Date
February 26, 2025
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