Busan Lotte Town Tower

The Busan Lotte Town Tower, also known as Busan Lotte World Tower (Hangul: 부산 롯데 타운 타워) is a 108-floor, 510.1 m (1,674 ft) supertall skyscraper on hold in Busan, South Korea. The tower is planned on a site next to Nampo-dong station on Busan Subway Line 1 .[1][2]

Busan Lotte Town Tower
Proposed plan for the appearance of Busan Lotte Town Tower
General information
Status	Construction halted [1]
Type	Office, hotel, residential
Location	Busan, South Korea
Coordinates	35°05′51.06″N 129°02′14.34″E
Construction started	2011
Construction stopped	September 2013
Estimated completion	2028
Opening	2029
Owner	Lotte Shopping Co. Ltd
Height
Roof	510.1 m (1,674 ft)
Technical details
Floor count	107
Floor area	255,146 m2 (2,746,370 sq ft)
Lifts/elevators	45
Design and construction
Architect	Skidmore, Owings and Merrill
Structural engineer	Skidmore, Owings and Merrill
References
[2][3]

The tower is the centerpiece of the new Busan Lotte Town and construction is being carried out 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.[4] The design of the skyscraper is intended to resemble a standing ship, in reference to the city's harbour.[4] The tower's underground parking space will be able to house over 2,400 cars. The tower will contain retail outlets (floors 1-11), offices (12-36), residences (41-78), a luxury hotel (82-104), and public access floors (107-110) with an observation deck.

In September 2013, the construction work was stopped due to the lack of funding. Construction will be resumed once the developer provides the required payments for the project. It is estimated that construction will restart in 2019.