DL E&C has regained its contractor status for the Sangdaewon 2 redevelopment project in Seongnam, Gyeonggi Province, after a court granted its injunction request to suspend the effect of its dismissal as the project's builder. The ruling is expected to further deepen the turmoil within the union over the contractor selection issue.
According to the urban redevelopment industry on Monday, the Seongnam Branch of the Suwon District Court the previous day granted DL E&C's injunction request against the Sangdaewon 2 redevelopment union to suspend the effect of the general meeting resolution dismissing the contractor. As a result, DL E&C's contractor status has been restored.
The court also granted an injunction banning the general meeting scheduled for the first of next month, which was convened to discuss the agenda of selecting GS E&C as the new contractor. With the court effectively siding with DL E&C, attention is now focused on whether the Sangdaewon 2 redevelopment project will get back on track.
Sangdaewon 2 is a large-scale project covering 242,045.1 square meters in the area of 3910 Sangdaewon-dong, Jungwon-gu, Seongnam, to build 43 apartment buildings with up to 29 floors, comprising 4,885 units (including 608 rental units), along with three neighborhood living facility buildings. The estimated construction cost alone reaches 1 trillion won ($730 million). The district selected DL E&C as its contractor in 2015 and recently completed demolition work.
Meanwhile, as the court dismissed the union's injunction request to block the general meeting for dismissing the union chief, the dismissal meeting led by the emergency response committee can now proceed. The committee has postponed the union chief dismissal meeting, originally scheduled for Monday, to the 9th of next month.
Regarding this, an emergency response committee official said, "We set a one-week grace period to dispel controversy and hold the union chief dismissal meeting through a transparent process." With the contractor rights dispute settled by the court ruling, the extraordinary general meeting led by the emergency response committee on the 9th of next month is expected to be the biggest watershed moment for the normalization of the Sangdaewon 2 district.
