The new building will represent more than a $150 million investment, the largest amount ever committed to an office building in the U.S. by Hyundai Motor Company.
“This new national headquarters represents Hyundai’s vision for the future and reflects the innovation and creativity that our brand has come to represent,” said Hyundai Motor America CEO John Krafcik. “It also reflects our commitment to invest in and benefit the communities in which we operate around the world.”
Designed by world-renowned architecture and design firm Gensler, the building will be LEED-certified, targeting the gold level. Leadership in Energy and Environmental Design (LEED) is an internationally recognized green building certification process assessing the sustainability of a building’s design, construction and operations.
The new headquarters building will be approximately 419,000 sq. ft. and six stories high. A one-story, 50,000 sq.ft. technical services facility connects to the main building. An adjacent parking structure will also be built on the site.
Demolition of the old headquarters building along the 405 San Diego Freeway is currently underway. Construction of the new building is expected to begin in spring 2012, and is slated for completion by the fall of 2013.
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