Jangwi-dong was originally designated as a redevelopment promotion zone during the Newtown fever in 2005, but the project was eventually canceled in 2014 due to worsening economic conditions and cost problems. In accordance with the cancellation of designation of the Newtown area, the residents of Jangwi-dong selected urban regeneration projects as a way to find a new direction and carried out projects such as the establishment of community regeneration cooperation, improvement of residential environment, strengthening communication with residents, opening of theme alley roads, and opening of a base facility to restore the vitality of the village. Recently, Jangwi-dong was constructed with cultural and welfare facilities such as Kim Jung-eop House of Architecture and Happiness Complex Center and a new regenerated alley, like the Persimmon Tree Alley.