Latest news with #TheSummit
Korea Herald
16 minutes ago
- Business
- Korea Herald
Daewoo E&C sets sights on Gaepo for latest upscale Summit project
South Korean builder Daewoo Engineering & Construction is poised to bring its luxury residential brand 'The Summit' to Gaepo, southern Seoul, through the highly anticipated Gaepo Useong Seventh Apartment redevelopment project. Known for constructing residential landmarks across Korea, Daewoo E&C's high-end apartments have consistently set new standards in urban living. Daewoo E&C's Summit journey began with the launch of the Yongsan Prugio Summit in 2014, which introduced advanced design features and premium finishes. This project also stood out for the unofficial celebrity endorsement it unexpectedly received. The complex gained international attention when Blackpink's Rose was revealed to be a resident, following the viral popularity of her solo track, 'APT,' which sparked curiosity about Korean high-rise living. Daewoo E&C's signature approach was further solidified with the Seocho Prugio Summit, a reconstruction of the old Samho First Apartment in Seocho, southern Seoul. The apartment was the first in Korea to incorporate a "sky community," a bridge between towers housing shared spaces like a book cafe and fitness center. Unlike conventional penthouse strategies aimed at maximizing profit, Daewoo E&C installed community facilities on the top floor, offering panoramic views of Gangnam. Another landmark was the Gwacheon Prugio Summit, rebuilt from the former Gwacheon Jugong Complex 1. The development introduced large-scale amenities such as a 9,300-square-meter main community space with an indoor pool, sauna and luxury Italian furniture brand Febal Casa in the sky lounge. The project surpassed Gangnam's top-tier apartments, earning the phrase 'Gwacheon over Gangnam,' and ultimately became one of Gyeonggi Province's most sought-after addresses. Daewoo E&C implemented a post-sale strategy by waiting until 60 percent of construction was complete before selling units. The strategy was to maximize return for cooperative members, resulting in an average return of nearly 200 million won ($144,000) per household. With this success, the company introduced Blanc Summit 74 in the Busan North Port redevelopment zone in 2023 and sold all the project's apartments and officetels within months, despite challenging market conditions. Now, Daewoo E&C is setting its sights on Gaepo Useong Seventh Apartment in the Gaepo redevelopment area of southern Seoul. With a proposal featuring premium custom layouts, private elevators for each unit line, an 80-meter-long sky bridge ㅡ the longest in the area ㅡ and an automated food waste disposal system, the company is positioning itself to deliver the next residential landmark. Daewoo E&C has also offered favorable financial terms, including a CD-based interest rate with zero spread on essential project costs. 'As Korea's top provider of residential products in the private sector, we are fully prepared to offer a masterpiece through years of construction expertise and distinguished designs,' a Daewoo E&C spokesperson said. 'Our goal is not just to build homes but to drive the success of the cooperative's project with optimal financial strategies and premium-quality living solutions.'
Business Wire
16-06-2025
- Business
- Business Wire
Cabinetworks Group CEO Serves on Panel Tackling Supplying Building Products in Today's Tariff-Shifting Market
LIVONIA, Mich.--(BUSINESS WIRE)--Jeff Jackson, CEO of Cabinetworks Group, the country's largest privately owned cabinet manufacturer, recently served as a panelist during The Summit 2025 in Laguna Beach, Calif. 'The recently announced tariffs will have a minimal impact on our business,' said Jackson. 'While we pass through some of these additional costs, we are actively evaluating our supply chain to identify opportunities for cost mitigation." Hosted by on May 20-21, The Summit is an annual client-only conference that brings together the industry's most influential people to discuss the current state of housing and where the industry is headed. Participants listened in on day one as Jackson spoke during a session tackling supplying building products in today's tariff-shifting policy backdrop. Jackson was joined by two other CEOs: Brad Southern of LP Building Solutions and Mitch Hires of Construction Resources. During the session, Jackson expanded on maintaining a product pipeline focused on market changes, working with customers to create affordable purchase strategies that reduce costs on both sides, investments in automation for the manufacturing plants to maximize labor efficiency, improvements to the company's team member development programs to not only find talent but develop them for future leadership opportunities, and more. 'The recently announced tariffs will have a minimal impact on our business,' said Jackson. 'While we pass through some of these additional costs, we are actively evaluating our supply chain to identify opportunities for cost mitigation. At the same time, we continue to invest in network optimization and operational efficiency to reduce costs while enhancing the overall customer experience. Our focus is on long-term resilience and sustainability, ensuring we can support our customers today and well into the future.' Jackson joined Cabinetworks in mid-2024. With more than 25 years of experience leading company transformations, he has spent the past 19 years in the building products industry, most recently as president and CEO of PGT Innovations, a manufacturer and supplier of premium windows and doors. About Cabinetworks Group As the largest privately held cabinetmaker in the United States, Cabinetworks Group is home to more than 5,700 team members; 19 locations, including 16 manufacturing facilities; and 15 brands — among them industry leaders KraftMaid®, Medallion®, Merillat® and Smart Cabinetry. Through an expansive network of major home centers, independent dealers and distributors. Cabinetworks builds life into the kitchen — meeting any customer's vision with the industry's most comprehensive cabinetry. More information about the company, its products, and career opportunities can be found at
Sydney Morning Herald
16-06-2025
- Business
- Sydney Morning Herald
The Summit restaurant has reopened. Is it any good?
So what do you make of this place, a restaurant with a lot of ambition but also a degree of obligation to be all things to all people? Because that's a very hard thing to pull off. And The Summit gets pretty close. Machin says the menu will change format in the coming weeks, switching to a more traditional a la carte selection, with a degustation option. And that seems sensible. For many Brisbane locals, this will be an occasion restaurant where they've been summoned for a group dinner. A la carte better suits these kinds of situations with disparate diners, and cuts off the risk of cuisine clash on the share plates (for us, it was purposeful, but an everyday punter could've done with a bit of guidance from waitstaff). Machin has mellowed since his Urbane days but isn't one to suffer fools, and you suspect he'll happily walk if someone or something messes too much with his execution. But if Mantle can get him to stick around while continuing to fine-tune the already engaging service, The Summit will prove a restaurant fit for its location.
The Age
16-06-2025
- Business
- The Age
The Summit restaurant has reopened. Is it any good?
So what do you make of this place, a restaurant with a lot of ambition but also a degree of obligation to be all things to all people? Because that's a very hard thing to pull off. And The Summit gets pretty close. Machin says the menu will change format in the coming weeks, switching to a more traditional a la carte selection, with a degustation option. And that seems sensible. For many Brisbane locals, this will be an occasion restaurant where they've been summoned for a group dinner. A la carte better suits these kinds of situations with disparate diners, and cuts off the risk of cuisine clash on the share plates (for us, it was purposeful, but an everyday punter could've done with a bit of guidance from waitstaff). Machin has mellowed since his Urbane days but isn't one to suffer fools, and you suspect he'll happily walk if someone or something messes too much with his execution. But if Mantle can get him to stick around while continuing to fine-tune the already engaging service, The Summit will prove a restaurant fit for its location.
Time Out
15-06-2025
- Time Out
Brisbane's newest restaurant might have the most breathtaking backdrop in the entire city
The River City is gunning for gold in Australia's dining scene, with a slew of world-class restaurants opening in recent months. But Brisbane's latest claim to fame? One of the city's newest riverside eateries, Supernormal Brisbane, was just named among the world's best new restaurants of the past year. And the city's culinary scene is showing no signs of slowing down, welcoming its latest dining venue, The Summit Restaurant, atop Mt Coot-tha last month. Perched on the edge of Brisbane's highest peak, The Summit Restaurant boasts some of the most sublime views of the city skyline out to Moreton Bay. The multi-million-dollar revitalisation of the heritage-listed venue – including a refined dining room, a vibrant brewpub-style public bar and an expansive verandah – has been brought to life by Mantle Group, whose resume includes The Charming Squire, The Sound Garden, Babylon and Tai Tai. At the kitchen's helm is Queensland hospo legend Kym Machin, who brings more than 30 years of culinary experience from top venues, such as Urbane, Bare Bones Society and Same Same But Different. Sustainability and seasonality are at the heart of the menu, which traverses Queensland's diverse climates, regions and native ingredients. Diners are encouraged to journey through themed sections titled Sea, Air, Land, Earth and Garden, with small plates to start and sweets to round out the experience. Machin said, 'When you're standing at The Summit, you can see for miles – from the city to the bay and out to the hinterland – and we wanted the menu to reflect that sense of scale and beauty.' Bread is baked in-house daily and paired with cultured butter, smoked salt and honey harvested from The Summit's own beehives. Other standout starters, including Elliott Heads' spanner crab salad and ocean trout gravlax, are served with fresh herbs picked from the restaurant's edible garden. Mains are best enjoyed as a share-style feast, with highlights including Moreton Bay prawns topped with native herb chimichurri, roast duck smoked over paperbark, almond-fed pork with pickled apples and pumpkin agnolotti in brown butter sauce. If you get decision anxiety, the kitchen can take the reins with two chef-curated tasting menus ($79 and $99). Or you can simply drink in the ripper views with a cocktail and a casual bite from the bar menu. The opening of The Summit Restaurant marks just the first stage of this multi-million-dollar transformation at Mt Coot-tha summit. While still in the planning stage, the team hopes to deliver the full transformation ahead of the Brisbane 2032 Olympic and Paralympic Games – complete with a two-level Pavilion venue, a boutique gin distillery and a cultural tourism experience that honours the mountain's rich history and significance.
