Association established 16 months after designation as redevelopment promotion zone, putting project on track under 9th elected administration
Aging 7,298-square-meter transit-oriented area near Ahyeon Station to be rebuilt with 359 units, including long-term jeonse housing
A redevelopment project in Seoul's Bukahyeon Zone 4, near Ahyeon Station on subway Line 2, is gaining momentum after its residents' association received official establishment approval.
The association entered the formal establishment stage just 16 months after the area was designated a redevelopment promotion zone, raising expectations for improved living conditions in the aging neighborhood and the transit-oriented area around Ahyeon Station.
Seodaemun-gu approved the establishment of the residents' association for the Bukahyeon 4 Redevelopment Promotion Zone urban renewal project on Thursday, covering a 7,298.5-square-meter site around 221-7 Bukahyeon-dong.
About 86 percent of the buildings in Bukahyeon Zone 4 are classified as deteriorated or substandard, making it one of the older residential pockets in the Ahyeon Station transit-oriented area. Under the improvement plan, the site will be redeveloped with apartment buildings of up to 30 stories, along with neighborhood commercial facilities. A total of 359 units are planned, including long-term jeonse housing.
The project has moved swiftly. After the area was designated a redevelopment promotion zone in July last year, the preparatory committee received approval in March this year, followed by the certification and issuance of association membership consent forms in July, a founding general assembly in September, and the formal association establishment approval on Thursday.
Notably, the founding general assembly and the establishment approval were both completed within about four months of the launch of the 9th elected administration. The process from the application for establishment approval to final approval took roughly two months.
Seodaemun-gu plans to begin preparing for an integrated review needed to obtain project implementation plan approval. The project will then proceed through subsequent steps, including approval of the project implementation plan and the management and disposal plan.
The project is significant for both improving residential conditions in the densely built-up Bukahyeon-dong area and strengthening the residential function of the Ahyeon Station transit-oriented zone.
"Redevelopment is a project that residents have waited a long time for, so it is important for the administration to minimize unnecessary delays," Seodaemun-gu District Mayor Park Woon-ki said. "I will listen directly to the difficulties on the ground and carefully manage the necessary administrative procedures to ensure the project proceeds smoothly."
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