
Building a City, Jan, 13, 2008
If you think developing a building from the ground up is tough, try an entire city — half way around the world. U.S. and Korea-based developer Gale International's $35B, 100M-SF Songdo International Business District near Incheon, South Korea (in a JV with POSCO E&C) is moving along, with the first phase of the project set to open this August. We sat down with chairman Stan Gale in his Fifth Avenue office to learn the latest.
Using factors that work in other cities helped Songdo move along. Gale International and architect Kohn Pedersen Fox looked at Venice, Paris, Savannah, Vienna, Shanghai, Beijing, and New York for inspiration in areas such as street life and canal systems. Just look out of Stan's office window overlooking 59th and 5th and Central Park: "It's an integrating point, where hotels, retail, and office meet," he says. It influenced Songdo IBD's own Central Park and the buildings around it, as well as the walkable infrastructure.

Songdo IBD was recently named a winner of the first annual Sustainable Cities Award from the Urban Land Institute, the only project in Asia honored. Over 120 of its buildings, including the Northeast Asia Trade Tower (pictured above), are registered for LEED certification as part of a pilot U.S. Green Building Council LEED for Neighborhood Development project. Gale International is also busy working on Boston's One Franklin Street and Seaport Square projects, spearheaded by Stan's partner, CEO John Hynes III.
© 2008, Bisnow on Business, Inc., 1323 Connecticut Avenue, NW Washington, DC 20036.
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