This mixed-use development was Phoenix’s first major real-estate
investment in South Korea. The two buildings added over one
million sq ft of prime office floor space to a vibrant city
economy.
Young City is a new office development in the well-known
commercial Yeoungdongpo area in the Southwest of Seoul, Korea. It
is close to the Yeouido Business District (‘YBD’), one of the
city’s three central business districts.
The development is strategically located within a 6-minute walk of
the Line 2 subway station, and a single stop bus ride from the
Line 1 subway station; it is also close to Times Square Mall, a
popular shopping hub in the neighbourhood.
Young City is composed of two contemporary 13-storey office
towers, with underground parking and well served by an advanced
satellite and fibre-optic infrastructure.
This development was purposely built for back-office and call
center usage. Phoenix’s project management team has further
improved the plans to increase its potential.
The development was completed in 2017 and was sold in 2020 to a
real estate investment trust established by a leading local Korean
real estate developer.
