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$200M housing contract signed

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(YOUNEX)  - Korea-based STX Group and the local company Younex Enterprises have signed a $200 million  contract to design, build an assist with the operations and management of an 18,000 bed, fully-integrated workforce village to house the surge of thousands of temporary labor expected to come to Guam in the near future. 

STX Group chairman Kang Duck-soo and Younex Enterprises Corporation chairman Yoon Kil Koo signed the contract in Seoul, Korea on Dec. 22.

 

The workers’ housing center, which will be known as Ukudu Workforce Village, is strategically located in what is referred to in the Department of Defense’s draft environmental impact statement as the Harmon Annex, bordering the Navy’s South Finegayan family housing facility and just north of Two Lovers Point.  

“We recognize the major challenges the Guam buildup will thrust upon our community, and we believe our project provides an optimum solution to the need for workforce housing while minimizing the impact to Guam’s community. I am honored to work with STX Group, the 12th largest company in Korea, to forge ahead in this endeavor,” Yoon said.

The Ukudu Workforce Village is a scalable, 18,000 bed workforce housing complex that is being built in 2,000 bed sectors.  The campus will include a medical clinic and fire and security response manned 24/7, transportation for workers to and from worksites and non-work activities, 3 meals served daily, laundry, banking and convenience store services and organized recreational and individual activities to include religious worship facilities.  The first sector along with all support facilities is expected to open October 2010.

The process has taken over two years to prepare the property for its intended use.  “The Guam Land Use Commission, under the leadership of Chairman Jay Lather, has provided a great framework that we and others must follow to assure maximum benefit to our customers and minimal impact to our local people,” said David Tydingco, senior vice president for Younex.  

“We are also very proud of the local team we have assembled to manage and operate the workforce village along with STX and PAE, a Lockheed Martin Company. Guam has been in the hospitality business for over 40 years, catering to guests from all over the world. We are taking that experience and applying the same principals to the new guests we are expecting, the guest worker. Equally important is the significant economic contribution this project will have outside the fence line.”

Part of the local team who will assist in the operation and management include Kloppenburg Enterprises, Inc., B&G Pacific LLC, Clean Care, and the medical resources and expertise of Dr. Nathaniel Berg and Dr. Florencio Lizama.

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