Incheon Multi-modal Transit Terminal

Written by  //  July 28, 2015  //  Posts  //  No comments

A new US1.86 billion, 130,000 sm mixed-use, multi-modal landmark for the city of Incheon

Fig 1. An artist’s rendering of the Incheon Multi-modal Transit Terminal to be built at Incheon Terminal by 2020 by Lotte Group. / Courtesy of Lotte Shopping

All key members of Reurbanist participated in a the creation of a market and development study for Lotte Shopping Co. for their project in the heart of downtown Incheon, South Korea.

The study included a full analysis of the country and city’s economic and retail market, site SWOT analysis, competitive retail assessment, demographic & psychographic analysis, retail demand potential, benchmark case studies, and a market analysis of both hotel and office uses.

Five benchmark projects were chosen based on their relevance to the Lotte Terminal project. Each case study
included:

  • Centre Overview & Key Statistics (gross leasable area, anchors)
  • Development History
  • Market Context & Trade Area
  • Demographics
  • Tenant Mix Overview
  • Success Factors
  • Key Lessons for Lotte Terminal

 

About the Author

Reurbanist

Reurbanist is a multi-disciplinary firm that blends land use economics with urban planning and economic development. At its core, Reurbanist believes that great urban places that are compelling and vibrant must find success at both a fiscal and social level. Stronger cities and urban destinations translate into improved job growth, municipal tax revenue, and a higher quality of life for residents.

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