New Songdo Named USGA "Green Urbanism" Pilot

New York, NY,  August 1, 2007--The New Songdo City International Business District in South Korea being developed by New York's Gale International has been accepted as a pilot project by the U.S. Green Building Council for its LEED for Neighborhood Development pilot program, the first rating system for neighborhood design.

The LEED for Neighborhood Development rating system for green urbanism will be a tool to help planners and developers create communities that not only protect the environment, but also address important public health issues. Songdo International Business District will play a pioneering role in helping to set this standard for sustainable urban planning and smart growth based on criteria such as density, proximity to transit, environmental preservation, mixed housing type, and pedestrian-friendly design.

Songdo International Business District (IBD) is unusual in that it is seeking LEED certification for an entire city. By its very design - the result of a ground-up, master plan based on sustainability principles - Songdo will be an environmental standout not only in Asia, where many urban areas are in a state of environmental crisis, but the world. Songdo is one of only three LEED for Neighborhood Developments projects in Asia (two much smaller projects are in China), and one of only five outside the United States and Canada. Indeed, Songdo IBD is by far the largest project outside North America to be included in the 18-month pilot program.

"LEED for Neighborhood Developments is about more than green buildings - it's about enhancing and protecting the overall health, natural environment and quality of life of a community," said Stanley C. Gale, chairman and managing partner of Gale International.

"The LEED for Neighborhood Development program goes beyond individual green buildings and focuses on community-wide design and development," said Rick Fedrizzi, president, CEO and founding chair, U.S. Green Building Council. "Our pilot projects are pioneers, and are leading the way for the development of smarter and healthier communities."

Gale began constructing the $25 billion, 1,500-acre Songdo International Business District in 2004 in a 70/30 joint venture partnership with POSCO E&C. It is estimated that when completed in 2014, Songdo will be home to 65,000 people and that 300,000 will work there. Songdo is located along the coast of Incheon, 35 miles southwest of Seoul, and will be linked directly to Incheon International Airport by a 7.4 mile highway bridge.

Long-term sustainability and the minimization of the city's carbon footprint have been considered in every design and engineering decision by master-plan architect Kohn Pedersen Fox Associates PC, and chief engineers Arup and Cosentini Associates.

The Songdo International Business District, "The Gateway to Northeast Asia," will be the first new city in the world designed and planned as an international business district. Designated a Free Economic Zone, Songdo will include 50 million square feet of office space, 30 million square feet of residential space, 10 million square feet of retail, 5 million square feet of hotel space and 10 million square feet of public space. Every conceivable cultural and recreational amenity will be available including a world class hospital, an international preparatory school, a Central Park, an art museum and a Jack Nicklaus golf course. More information can be found at www.NewSongdoCity.com.

The Leadership in Energy and Environmental Design (LEED) Green Building Rating System is a voluntary third-party rating system in which credits are earned for satisfying specified green building criteria.