The cover story for the August edition of Korea magazine looks at Songdo and it’s vision for the future.
http://www.scribd.com/doc/157552923/KOREA-2013-VOL-9-No-08
Thanks go the Robert Koehler and his team… As the story’s writer, I appreciate the opportunity to share my views on Songdo.
DS
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Interested in Korean history, Incheon, and Songdo IBD? ‘Tis the season, so a high quality complimentary web version of the pictorial history book is available online. Click Here. The book was crafted bilingual, Korean and English.
Songdo IBD Central Park
By Don Southerton, Songdo IBD CityTalk Editor and Chief Blogger
Songdo IBD continues to draw global attention. This recent Forbes magazine article points out the strong technology partnerships (CISCO, UT, and 3M) Gale International and the Songdo IBD project have attracted.
Very Smart Cities by Elizabeth Woyke,
SONGDO, SOUTH KOREA –
John B. Hynes III got the jitters when he first spied the mudflats of Songdo, South Korea, in June 2001. How would he transform the expanse of muck into a smart urban center with an integrated network of utility, transportation, real estate and recreation systems?
Eight years and 82 globe-crossing flights later, Hynes is far more assured about Songdo’s prospects. The man-made island, 40 miles southwest of Seoul, is now dotted with more than 100 buildings, including a 7,800-person apartment complex, a massive convention center and a Sheraton hotel.
Hynes’ employer, New York-based real estate developer Gale International, estimates the 1,500-acre city is 40% underway. Completion is slated for 2014. The cost: $35 billion, making it perhaps the world’s largest private real estate venture in history.
Songdo’s backers, which include Gale, Morgan Stanley and Korean steelmaker Posco, are betting the city can become a northeast Asia trade hub, linking nearby Shanghai and Tokyo. It will also be a model for a new Gale project, Meixi Lake, to be built in China’s Hunan Province starting later this year. Both cities will be “smart, sustainable and technologically ambitious,” says company Chairman Stanley C. Gale.
To conform to the U.S. Green Building Council’s energy-efficient LEED standards, Songdo buildings are incorporating special window glazing and ventilated double facades. Greywater and rain will be collected for irrigation and use in cooling towers. A network of underground pneumatic pipes will move solid waste, reducing the need for garbage trucks.
Songdo is also a petri dish for green transportation schemes. Water taxis already zip along the city’s seawater canals. Soon, a citywide bike rental service modeled on Paris’ Velibre system and a car-share system will be added. Buses powered by fuel-cells are expected within the next two to three years.
With its more than 40% green space, including a $220 million park, the city is designed to feel as airy as Vancouver. (Gale estimates Songdo will eventually house 65,000 residents and 300,000 workers.) Hynes is particularly proud of the park, which is dubbed Central Park after the New York City landmark. “Convincing the government and our partners that 100 acres of prime land should be reserved for a park was a tough sell,” he notes.
Meixi Lake will be helmed by the same architects–Kohn Pedersen Fox Associates and Arup–and follow a similar philosophy, but with a 400-acre lake instead of a park.
Data networks developed by Cisco are key to both projects. The company plans to deploy video networking technology and energy management software tools city-wide and meld municipal systems, such as education, health care, transportation and hospitality into a common network. Wim Elfrink, Cisco’s chief globalization officer, says Cisco has identified 20 services that could be linked, but will start with six or seven. The company declined to specify its investment in Songdo, but says it has committed $2 billion to South Korean projects over the next three to five years.
Residents will be able to chat with their children’s teachers, consult doctors and apply for city permits and licenses via flat screen monitors in their apartments. Buildings will be intelligent enough to guide cars to available parking spots and queue up elevators as people approach. Hotels will recognize regular guests and automatically adjust room system settings.
The projects leverage Cisco’s earlier work with schools, stadiums and utility grids. “All our expertise is coming together in Songdo,” says Elfrink. Like Gale, Cisco views Songdo as a model it can replicate around the world. It plans to build a global center for “intelligent urbanization” in Songdo and work on 10 similar projects in places like India and Saudi Arabia over the next two years. “It’s an adjacent business we expect a lot from,” says Elfrink.
United Technologies and 3M are also providing technology to Songdo and Meixi Lake. 3M is making digital signs and “stick-on film” to be used throughout both cities. UTC is providing energy-saving elevators and water-cooled air conditioning units designed to cut energy use by 20%.
Despite all the talent involved, building Songdo has hardly been a smooth path. As a city designed and constructed with private financing by a foreign company, Songdo has few precedents. Tying together people’s home, work and civic lives online has required new regulations. “This is an entirely new industry,” says Cisco’s Elfrink. “We have new questions to answer.”
Permit delays pushed the opening of Songdo’s flagship commercial building, the $500 million Northeast Asia Trade Tower, from December to late summer 2010. Gale says the building’s mixed-use nature–a combination of retail, commercial and residential space that is unusual in Korea–was the main reason for the hold-up and that all necessary permits have now been obtained.
Gale also tussled with the Korean government over a rule that the majority of students in Songdo’s International School be non-Korean–a challenge when most current Songdo residents are Korean nationals. Gale says the issue has been resolved and the school will open this September for grades kindergarten through six.
Gale is currently focusing on luring corporations to Songdo under the theory that people follow jobs. The project will be a success, says Hynes, when Songdo is full and the areas around it are “buzzing.”
Hynes isn’t expecting to see a return on Gale’s billions for two to three years. First he has to finish covering the mudflats.
By Don Southerton, Songdo IBD CityTalk Editor and Chief Blogger
On my recent trip to Songdo IBD, I attended and participated in a number of events. The unveiling of the Gale International–POSCO E&C whales’ statue was memorable. It commemorates the strong partnership between NYC-based Gale International and Korea-based POSCO E & C. Among the Korean and American VIPs and officials on hand at the unveiling were a number of Gale International chairman Stan Gale’s family, friends, and long time business colleagues–many in Korea for the first time. Gale noted in his speech the importance of family and building strong long lasting ties–stressing his family’s long business roots. Moreover, Gale stressed the strong bond between America and Korea, and Gale International and its partner POSCO. Significantly, the statue’s whales showcase both Gale and POSCO maritime roots.
Some details…
Huntington, NY… August 13, 2009… What is a familiar image to residents of Long Island’s North Shore—the Daniel Gale Sotheby’s International Realty whale logo, is getting a whole new audience in the Far East.
A commemorative statue, “Cruising Together,” depicting two whales spanning the globe, has been installed in South Korea’s Songdo International Business District, an emerging urban center developed by Gale International and POSCO E & C. Stanley C. Gale, grandson of the founder of Daniel Gale Sotheby’s International Realty, is the Chairman of Gale International.
The statue, which was installed in Songdo’s Central Park, is modeled after the first and current Daniel Gale Sotheby’s whale logos, and symbolizes the unique partnership and friendship Gale International and Posco E&C have achieved over the course of this project.
“The Gale family and its associated businesses, Daniel Gale Sotheby’s International Realty included, have a history of being at the forefront of new ideas and opportunities,” said Patricia Petersen, President and CEO of Daniel Gale Sotheby’s International Realty. “This latest accomplishment reflects and honors that tradition, and presents another yet another unique opportunity for real estate buyers and investors around the world to be aware of what Long Island, and Daniel Gale Sotheby’s, has to offer.”
The Songdo International Business District, roughly the size of downtown Boston, is being constructed on reclaimed land near Inchon, South Korea, an easy flight from China and other rapidly developing areas of Northeast Asia. Begun in 2002, Songdo represents a $35 billion city-within-a-city near Seoul’s international airport. It is one of the world’s largest commercial developments.
The statue, constructed of bronze, is 18 ft in length, 15.7 ft in width and 20 ft in height, and was made by Han Jeong-ho, Head of Soto Design Architect and Lee Young-song, a famous Korean artist.
Founded in 1922, Daniel Gale Sotheby’s International Realty consistently leads the nation in achieving one of the highest average sales prices in the country.
Incheon, South Korea August 11, 2009 The global launch of the pictorial history Chemulpo to Songdo IBD: Korea’s International Gateway took place on Thursday August 6 at Incheon Korea’s historic Chemulpo Club. Hosted by author Don Southerton and sponsored by Gale International, the event was attended by notables including Incheon Mayor Ahn Sang-soo, Gale International chairman Stan Gale, and former Ambassador Donald Gregg. Also attending were local officials, Korean and American guests, and the media.
Chemulpo to Songdo IBD: Korea’s International Gateway documents 125 years of life in the port area through first hand accounts and historic photographs. Fittingly, the book’s launch was held at the foreign settlement’s former gentleman’s club, which was built in1901.
After warm opening remarks by Stan Gale, author Southerton shared his inspiration for writing the book—one built on collaboration. In fact, Southerton noted the early trade settlement and surroundings were home to Europeans, Americans, Japanese, Chinese, and Koreans. Likewise, the book was a collaboration of Korean and American teams. Building on this theme Southerton pointed out that today’s nearby Songdo International Business District (IBD) was, too, a diverse international collaboration of firms including Gale International, POSCO E&C, Kohn Pederson Fox, and most recently CISCO.
Joining Southerton on the podium, Mayor Ahn Sang-soo was presented with a copy of the book. The mayor then shared his vision for the city becoming one of the world’s top ten cities.
Following the book presentation, Southerton, conducted a tour for the American VIPs of Jayu Park and the historic Chinatown district.
Plans call for the book to be donated to Korea-focused organizations and universities in the U.S. and Korea. A full schedule of book promotion events is also planned.
An online eBook version of Southerton’s work is now available at http://chemulpotosongdoibd.com
About the Author
Don Southerton has held a life-long interest in Korea and its rich culture. His previous books center on culture, entrepreneurialism, and early U.S.-Korean business ventures. Southerton extensively writes and comments on modern Korean business culture and its impact on global organizations. His firm, Bridging Culture Worldwide, provides consulting and training to Korea-based global business.
About Gale International
Gale International is a premier international real estate investment and development company with headquarters in New York and offices in Boston; Irvine, California; Seoul and Songdo, South Korea.
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Author Don Southerton
Don Southerton announces the release of a new pictorial history titled Chemulpo to Songdo IBD: Korea’s International Gateway. The book showcases 125 years of commerce, trade, and interaction in the nation’s first foreign trade hub, Incheon. The bilingual work is author Don Southerton’s latest writing on Korea and weaves key historic events with photographs and first-hand accounts, past and present.
Located on the western coast of Korea, Incheon has played a significant role in the history of the region since the late 19th century. Once called Chemulpo, as Korea opened its borders to the West, the backwater port quickly became home to a diverse group of foreign merchants, traders, entrepreneurs, and sojourners.
A century later, under the direction of Mayor Ahn Sang-soo and the Incheon Free Economic Zone Authority, the city’s waterfront region is again becoming an international community and center for business and trade. The book also highlights Songdo IBD, a 10-year project being developed by Gale International and POSCO E&C. The project seeks to make South Korea the preeminent business hub of East Asia.
Southerton notes, “With the world turning its attention to the Incheon Global Fair and Festival and the Grand Opening of Songdo International Business District sharing the port’s rich heritage is timely.”
In researching the book, the author explains, “Photographs from archives in Korea and the U.S. have been included, along with engaging stories about daily life in the port town from the past 125 years. To best showcase the port’s early progress, many of the photographs have been digitally reproduced from the original plates shot over 100 years ago.”
Finally, Southerton points out that the book shares the role of the foreign community in humanitarian efforts and the introduction of new technologies and innovations.
On August 6, 2009, a formal release will take place at the former Chemulpo Club in Incheon, Soon after, media events will follow in the U. S.
The global release of Chemulpo to Songdo IBD: Korea’s International Gateway is sponsored by Gale International.
About the Author Don Southerton has held a life-long interest in Korea and its rich culture. His previous books center on culture, entrepreneurialism, and early U.S.-Korean business ventures. Southerton also extensively writes and comments on modern Korean business culture and its impact on global organizations. His firm, Bridging Culture Worldwide, provides consulting and training to Korea-based global business.
Media preview of the book and select photographs are available by contacting the author.
Contacts For additional information and author interviews.
Don Southerton Dsoutherton@bridgingculture.com
+1-310-866-3777
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By Carl Seaholm, EVP Gale International
The “Good Market” event in the Incheon Convensia on Saturday Dec 13th was highly successful thanks to help from The American Women’s Club, Gale International Korea, Posco E&C, Beautiful Store and G-Spirit Global Ambassadors and Scholars. Over 800 residents showed up to contribute to this wonderful charity event. Many came to learn about environmental sustainability and to practice their English skills. A good time was had by all and a considerable amount of money (still counting the receipts) was generated for a very worthwhile cause. We hope the participants enjoyed the events as much as the volounteers.