Status On hold Construction stopped September 2013 Opening Postponed Construction started 2005 Owner Lotte Shopping co., Ltd | Estimated completion 2021-22 Height 510 m Floor area 26 ha Floor count 107 | |
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Type Office, hotel, residential Architect Skid, Owings & Merrill Similar Dalian Greenland Center, Baoneng Shenyang Global Fi, Doha Tower and Conventi, Square Capital Tower, Dalian International Trade Ce | ||
Busan lotte town tower
The Busan Lotte Town Tower, also known as Busan Lotte World Tower is a 108-floor, 510.1 m (1,674 ft) supertall skyscraper on hold Busan, South Korea. The tower is planned on a site next to Nampo-dong station on Busan Subway Line 1 .
The tower is the centerpiece of the new Busan Lotte Town and construction is being carried in four phases. The first phase includes a department store, completed in 2009. The second phase, an addition to the department store, was completed in 2010. The third phase will be a market and a cinema, which was completed in 2014, and the last phase will include a luxury hotel, an observation deck, offices, and cultural facilities in a 107 story skyscraper. The design of the skyscraper is designed to resemble a standing ship, in reference to the city's harbour. The tower's underground parking space will be able to house over 2,400 cars. The tower will contain retail outlets (floors 1-8), offices (9-58), residences (59-81), a luxury hotel (82-105), and public access floors (106-108) with an observation deck.
In September, 2013, the construction work was stopped due to the lack of funding. It would restart construction once the developer will give required payments to the project. It would estimated to restart in 2018, But it remains on hold.
