"Archipelago 21" - The $20 Billion New Riverfront Development District in Seoul, South Korea

Archipelago 21 is the winning piece of Studio Daniel Libeskind for International Master Plan Competition to Create 34 Million Square Foot, $20 Billion New Riverfront Development District in Seoul, South Korea. The new large-scale district features a cluster of residential, office and retail neighborhoods in an extensive urban park along the Han River.Slated to break ground in 2011 and to be completed by 2016, and to be develop by Yongsan Development Co., Ltd, a South Korean conglomerate.

The project proposal called archipelago 21 because each of the linked neighborhoods functions like “islands” within a sea of green park space, will contain a total of 34 million square feet of built area. The district will also contain new cultural institutions, educational facilities and rapid transportation systems.

“The idea is to create a 21st Century destination that is at once transformative, vibrant, sustainable and diverse,” Mr. Libeskind said. “I wanted to make each form, each place, each neighborhood as varied and distinctive as possible. The plan, and each building within it, should reflect the vertical and cultural complexity of the heart of Seoul.

via: bustler