Under Construction

Busan Lotte Town Tower

Busan Lotte Town Tower is a 340-metre mixed-use supertall rising on the Gwangbok waterfront in Jung-gu, the historic downtown core of Busan, South Korea.

TMW IntelligenceVerified Oct 5, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
08.23
Start
2028
Completion
67
Floors
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Details

2 Jungang-daero, Busan. 67 floors. Broke ground August 2023, completing Late 2028.

The story so far
Announced 2023 est.
Broke ground Aug 2023
Going vertical Jan 2026Above-grade superstructure began January 2026 after 2025 was spent on the core alone; Korean press confirms the frame had reached the 12th floor by March 2026.
hapskorea.com
Expected opening Late 2028
Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.
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About the project

Busan Lotte Town Tower is a 340-metre mixed-use supertall rising on the Gwangbok waterfront in Jung-gu, the historic downtown core of Busan, South Korea. Developed by Lotte Shopping on a long-held city-centre site, the tower carries 67 floors above grade over seven basement levels and will rank among the tallest buildings in the country. The scheme was originally drawn by Skidmore, Owings & Merrill as a 107-storey, 510-metre spire, then re-engineered downward into a denser, broader tower after wind-load studies and a decision by Lotte to concentrate more programme into fewer floors. The building stacks a retail and department-store podium, offices, a hotel and a public observation deck, with entertainment space and a large underground car park below. It anchors Lotte Town, the group's retail and leisure quarter beside Jagalchi Market and Nampo-dong, and the waterfront siting gives the upper floors panoramic views across Busan Harbour and the South Sea.

Developer & design
Common questions

Frequently asked

Where is Busan Lotte Town Tower located?

Busan Lotte Town Tower is located in Busan.

When will Busan Lotte Town Tower be completed?

Busan Lotte Town Tower is under construction, with completion expected in Late 2028.

Who is developing Busan Lotte Town Tower?

Lotte Shopping is the developer behind Busan Lotte Town Tower.

Who designed Busan Lotte Town Tower?

Busan Lotte Town Tower was designed by Skidmore, Owings & Merrill.

How big is Busan Lotte Town Tower?

Busan Lotte Town Tower rises 67 stories.