On Friday, February 27, 2015, IFEZ held a groundbreaking ceremony for the construction of a new dormitory for employees of resident companies. The project was launched to support housing stability for employees of resident companies in Songdo International City and nearby university students. The dormitory was to be built on an 8,000㎡ site in Songdo-dong 207-1 with a total project cost of KRW 75 billion (approximately USD 68.9 million), and was planned as a 21-story building with one basement level and 1,261 rooms. Convenience facilities such as a laundry room, fitness center, café, and community spaces were also to be included.