Parc1 Tower A
Encyclopedia
The Parc 1 Tower A is a supertall skyscraper
Skyscraper
A skyscraper is a tall, continuously habitable building of many stories, often designed for office and commercial use. There is no official definition or height above which a building may be classified as a skyscraper...

 under construction in Seoul
Seoul
Seoul , officially the Seoul Special City, is the capital and largest metropolis of South Korea. A megacity with a population of over 10 million, it is the largest city proper in the OECD developed world...

, South Korea
South Korea
The Republic of Korea , , is a sovereign state in East Asia, located on the southern portion of the Korean Peninsula. It is neighbored by the People's Republic of China to the west, Japan to the east, North Korea to the north, and the East China Sea and Republic of China to the south...

. It will stand 334 metres(1,095 ft) and contain 72 floors.

Parc1 will be a US$1.5-billion shopping/hotel/office complex to be realized by Skylan Properties Korea Ltd., a foreign-invested property development and management services group with offices in Seoul, Beijing and Kuala Lumpur. Completion is slated for 2012. Morgan Stanley, a leading global investment bank, has been engaged as the financial advisor to arrange financing for the project.

Parc1 is now being built on the current Tongil Parking Lot site, a 46,465 square metre piece of prime real estate set between financial and residential districts and bordering Yeouido Park.

With its combination of office towers, hotels and retail outlets, Parc1 aims to be the first facility in Seoul to offer visitors a venue for recreation, shopping and work, that will match top-of-the line complexes such as Pacific Place in Hong Kong and be comparable with those in regional hubs like Singapore and Dubai.

Designed by architect Lord Richard Rogers, chief architectural advisor to the mayor of London, the central structure will be a six-story glass mall, offering space for 400 stores.
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