3. MASTER PLAN
• $35 B, 100 M SF development
• World-class international city
• 1,500 acres; reclaimed waterfront
Office Space 40 M SF
Residential 35 M SF
Retail 10 M SF
Hotel 5 M SF
Civic Space 10 M SF
• 40% open space including
a 100-acre central park
• LEED-ND pilot program
7. Korean Government Commitments
• Free Economic Zone (FEZ)
• US $10B in infrastructure
including Incheon International
Airport (ICN)
• Incheon Airport Bridge
• Utilities, including “green”
compliant water and sewer
systems, advanced IT
• Roads
• Subways
8. Incheon Airport Bridge
• Completion: October 2009
• 12.3 km/ 7 mile bridge
• 15 minute drive between
Songdo IBD and ICN
13. Master Plan: City of Synergy
• “Location, Location,
Location” – we are creating
Residential
the location
Culture
• Government develops
the infrastructure Commerce
Entertainment
• Developer creates
quality of life Education
• Proper location and design Retail
create real value
• Eco-friendly becomes
tipping point
14. Create the Location– “Quality of Life”
1 Golf Course & Community 5 Hotels 9 Ecotarium/Aquarium
2 Residences 6 Asia Trade Tower 10 International Schools
3 Offices 7 Cultural Center 11 Pocket Parks
4 Bridge to Incheon Airport 8 International Hospital 12 Convention Center
6
12
5
5
2
8 10
3
10
4 9
1
3
11
7
2
15. Office: Northeast Asia Trade Tower
• GFA
1.6 M SF
• Project Cost
$550 M USD
• Scheduled Completion
November 2010
• General Contractors:
Daewoo /POSCO E&C
• Architects
KPF
Heerim
16. Office: Posco E&C Headquarters
• GFA
1.1 M SF
• Project Cost
$360 M USD
• Scheduled Completion
June 2010
• General Contractor:
POSCO E&C
• Architects
Nikken Sekkei
Gansam
17. Retail – Riverstone Mall
• GFA
1.5 M SF (1.2 M SF GLA)
• Project Cost
$600 M USD
• Scheduled Completion
June 2011
• General Contractor
POSCO E&C
• Architects
Daniel Libeskind
BKBC
BAUM
18. Residential – First World
Mixed Use/Residential – First World
• GFA
4.0 M SF
(2,700 D.U. in 3.7 M SF
plus
0.3 M SF Retail/Services)
• Completion
February 2009
• Project Cost
$1,100 M USD
• General Contractor
POSCO E&C
• Architects
KPF
BAUM
19. Residential – First World
Mixed Use/Residential – Canal Walk
• GFA
1.0 M SF
(445 D.U. in 0.7 M SF
plus
0.3 M SF Retail/Services)
• Scheduled Completion
August 2009
• Project Cost
$240 M USD
• General Contractor
POSCO E&C
• Architect
KPF
JINA Architects
20. Residential – First World
Mixed Use/Residential – Central Park I
• GFA
1.5 M SF
(730 D.U. in 1.3 M SF
plus
0.2 M SF Retail/Services)
• Scheduled Completion
November 2010
• Project Cost
$500 M USD
• General Contractor
POSCO E&C
• Architect
HOK
Dong-Il
21. Hotel –– SheratonHotel at Convensia
Hotel Sheraton Hotel at Convensia
• GFA
0.4 M SF (325 Rooms)
• Project Cost
$140 M USD
• Scheduled Completion
July 2009
• General Contractor:
Daewoo E&C
• Architects
HOK
BAUM
Heerim
22. Jack Nicklaus Golf Club of Korea
• Site Area/Project Description
234 Acres
18-Hole Golf Course/179 Villas
220 Full Golf Members
• Project Cost
$580 M USD
• Scheduled Completion
September 2010
• General Contractor
Posco E&C
• Planners/Architects
Jack Nicklaus Design
Heerim
EDS
23. Convensia Convention Center
• GFA
0.6 M SF (Phase I)
• Project Cost
$150 M USD
• Completion
October 2008
• General Contractor
POSCO E&C
• Architects
KPF
BAUM
24. SongdoInternational School
Songdo International School
• GFA
0.5 M SF
(K-12, 2,200 students)
• Project Cost
$150 M USD
• Scheduled Completion
June 2009 (to open for
2009-2010 academic year)
• General Contractor
POSCO E&C
• Planners/Architects
Harvard Advisory Group
KPF
25. Central Park & Canal
• Site Area
100 Acres
(incl. 2,700 U/G parking spaces)
• Project Cost
$230 M USD
• Scheduled Completion
August 2009
• General Contractor:
POSCO E&C
• Planners/Architects
KPF
Towers Golde
ARUP
27. Green Strategies: Value Creation
Green Development Value
• Reduce operating & maintenance
costs
• Increase building value
• Leverage incentives to reduce
construction costs
• Set sustainable development
standards/create efficiencies
• Satisfy occupier/investor
eco-responsibility mandate
• Enhance brand image
28. Green Strategies: Open & Green Space
• Master planned environment
• 40% open space; 600 acres
• 100-acre Central Park
• Every block connects to public
gathering places and
walking/biking corridors
• Native or adapted species
used to minimize water use
29. Green Strategies: Water
• Vegetated green roofs
reduce stormwater runoff &
mitigate heat island effect
• Central Park canals use
seawater versus fresh
• Efficient landscape design
• Water-saving irrigation
systems
• Reclaimed stormwater
• Re-use of treated greywater
30. Green Strategies: Energy Use
• At or above ASHRAE standards
• Central co-generation facility;
efficient and clean energy
• Use of solar
• New technology installed
throughout the city saves energy:
– Custom AC units
– Gen2 elevators
– LED Traffic lights
– Pumps & motors
– Emission-free photovoltaic cells
31. Green Strategies: Transportation
• Integration with subway system
• Expanded Incheon City bus
service
• 25 km of bicycle lanes
• Underground parking; 10% of
capacity is dedicated to fuel
efficient and carpool vehicles
• Garages designed to include
electrical vehicle charging
stations
32. Green Strategies: Material Flows & Recycling
Green Strategies: Material Flows
• Target 75% construction waste
to be recycled
• Maximize sourcing of recycled
& locally produced materials
• Use of flyflash concrete on
select projects to realize 20%
Portland cement reduction
• Low-VOC materials will be
incorporated into all buildings
33. Green Strategies: City Operations Operations
Green Strategies: Sustainable City
• Procurement & recycling
guidelines in place
• Facilities management and
maintenance contracts
mandate use of eco-friendly
products
• Smoking prohibited in public
and office spaces except for
designated areas
34. Green Strategies: “Intelligent Urbanisation”
Green Development Value
• Partnership with Cisco
• First Global Center for Intelligent
Urbanisation located in Songdo
• Purpose: Use of technology
and networks to cultivate
sustainable, intelligent city
• “Green Aware”
– Power consumption
– CO2 emissions
– Water usage
35. The Fourth Utility – ITValue
Green Development Networks
Green Strategies: “Intelligent Urbanisation”
• U-Life: citywide connectivity of
buildings, systems, objects and
people
• Increased value and efficiencies
for building owners
– Reduce operating costs
– Improve sustainability
– Enhance controls/responsiveness
• Improved quality of life for
residents, workers and visitors
36. The Fourth Utility – ITValue
Green Development Networks
Green Strategies: “Intelligent Urbanisation”
“The goal is not to build
wired buildings and cities,
but to create inspirational
buildings and cities in
which technology enables
personal lifestyle choices
and corporate innovation.”
Stanley C. Gale, Chairman
Gale International, LLC
38. Songdo IBD Development Principles
RESPECT ESTABLISHED URBAN DESIGN PRECEDENTS
SUSTAINABLE DESIGN
FOCUS ON LONG-TERM ECONOMICS
EMBRACE NEW TECHNOLOGIES/INNOVATION
CONNECTIVITY & SYSTEMS INTEGRATION
PUBLIC-PRIVATE PARTNERSHIPS
FOCUS ON QUALITY
39. Lessons Learned – Future Challenges
INNOVATION & SUSTAINABLE DESIGN STRATEGIES
PUBLIC-PRIVATE PARTNERSHIPS
ECONOMIC OUTLOOK
EXECUTION – THE “SOUL” OF SONGDO IBD
40. “Courage Essential…”
“Attempting a mammoth project like that (Songdo) would be a risky venture at
the best of times, let alone in the middle of Asia’s worst business slump since
the second World War. Putting it mostly in the hands of a single, largely
untested U.S. firm and financing it with recycled real estate profits sounds like
an act of lunacy. Yet this is what is happening in South Korea, and strangest
of all, it appears to be working.”
David McNeill, “Courage Essential as $40bn Korean Project Continues,”
Irish Times, May 18, 2009
41. World at the Crossroads
• 2008: 50% world population lives in
urban areas
• Asian urban population expected to
double by 2030
• Land & natural resources becoming
increasingly scarce
• Every week for the next 30 years, the
equivalent of a new 1M population city
is needed to accommodate projected
urban growth in developing countries
• Time to create a new urban model
Sources: 2007 UN Population Division
2006 World Urban Forum III
44. Introduction
Gale International is a premier, international real estate developer and investment firm
with decades of experience leading commercial, residential and mixed-use projects from
new landmark towers to city-scale development.
Gale International offices:
Gale International offices:
● New York
● New York
● Boston
● Boston
● Irvine
● Irvine
● Seoul, South Korea
● Seoul, South Korea
● Songdo, South Korea
● Songdo, South Korea
● Changsha, China
● Changsha, China
45.
46. The Site Today
• 23 acres on South Boston’s
waterfront next to the city’s
financial district
• 1 million SF of land covering
20 city blocks
• Current use: 3700 parking
spaces
47. Master Plan
• $3.5 B development project
• 6M SF on 23 acres of land
Residential 2.5 M SF
Class A Office
1.5 M SF
and Life Sciences
Retail 1.25 M SF
Cultural/Schools 600 K SF
Hotels 500 K SF
• 36% open space
• World-class LEED Silver
Neighborhood – one of the
largest in the U.S
50. World at the Crossroads
• 2008: 51% world population lives in
urban areas
– Asia 1950: 17% Urban
– Asia 2050: 66% Urban
• Asian urban population expected to
double by 2030
• Land & natural resources becoming
increasingly scarce
• Time to create a new urban model
Source: 2007 UN Population Division
51. City-Scale Development Principles
RESPECT ESTABLISHED URBAN DESIGN PRECEDENTS
SUSTAINABLE DESIGN
FOCUS ON LONG-TERM ECONOMICS
EMBRACE NEW TECHNOLOGIES/INNOVATION
CONNECTIVITY & SYSTEMS INTEGRATION
PUBLIC-PRIVATE PARTNERSHIPS
FOCUS ON QUALITY
