The developer is scheduling a 2012 completion for the center when it will be put under the City of Incheon's control. It is part of the 1.2-million-sf IFEZ (Incheon Free Economic Zone) Arts Center, which will house condos, retail space, hotels and a medical center.
Last month Gale and partner Posco E&C completed the first structure at Songdo, the 300,000-sf first phase of the ConvensiA Convention Center. Like the Cultural Center, it will be handed over to the City of Incheon after completion.
The Sondgo development's total cost is estimated at $35 billion, with a total build out of 100 million sf. Developers expect the area to have 65,000 residents when it is finished.
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