Construction is well underway on a sculptural 15-storey residential tower in Spring Hill called Oria, which will create 132 new homes close to the upcoming Olympic Stadium.
The Keylin Group project is being built by Brisbane-based CoStruct, which specialises in high-end multistorey developments, off a design by MAS Architecture.
A render of Oria: a new residential tower planned for Brisbane by Keylin Group.
Designed by MAS Architecture and built by CoStruct, construction on the site is underway.
The launch date has been set for early June 2025 for home sales, with two-bedroom apartments priced from $989,000 and three-bedroom apartments from $2,170,000.
“Site works continue to progress well, with all basement slabs and columns now poured,” according to the firm. “Works to to the podium (ground floor) slab have commenced and will be completed mid-May. Oria is on track for settlements in early 2027.”
15 storeys high, the development will bring 132 new residences placed close to the upcoming Olympic Stadium.
Keylin managing director Louis Cheung said the site’s elevation could give residents a front-row seat to the event.
Keylin managing director, Louis Cheung, is thrilled with the art-deco inspired Oria development at 447 Gregory Terrace, saying residents would have front row seats to the Games from the site’s elevated position.
“We’ve always known Spring Hill was an incredible location, and I’ve had a personal connection with this area dating back to my school years,” Mr Cheung said.
“As Brisbane’s oldest suburb it’s an area steeped in history, and the Olympics legacy will add another layer to that history for the benefit of generations to come.”
“This will be felt not only in terms of the green spaces and world-class sports infrastructure at Victoria Park and the Centenary Aquatic Centre, but also the RNA Showgrounds and future Athletes Village, which are an easy two-minute walk. It will be an extraordinary backyard for the future residents of Oria.”
Units range from two to four-bedroom designs, with the building’s design carrying an Art Deco aesthetic.
Shared amenities for buyers are available on the rooftop, including a pool, cinema and gym.
The tower crane for the project was installed in January with the first residential levels on track to rise above their Gregory Terrace address this month, with the site to have premium rooftop amenities such as a pool, sauna and steam room, games area, yoga studio, gym, cinema and private dining spaces.
First residents are due to move in five years before the Brisbane Olympics, in early 2027.
Spring Hill is on the fringes of the Brisbane CBD with a mix of heritage architecture and culture, entertainment and dining precincts such as King Street, The Tivoli and the RNA Showgrounds where an upgraded Olympic facility will be built plus the new Olympic Village for athletes.
An aerial shot of Oria’s location in Spring Hill, opposite the future Victoria Park Olympic Stadium.
With an estimated move-in date of early 2027, residents can make a home for themselves here before the stadium is finished.
“The hype is one thing, but the benefits are real and lucrative,” the Keylin head said of the Olympic infrastructural impact. “Sydney’s experience was mirrored in London and Beijing, and it will be the same case for Brisbane.”
Urbis director Paul Riga said “we know from other host cities that long-term growth in property values can be linked to the lasting infrastructure improvements made for the Games.”
“Property values in Sydney lifted significantly in the seven years prior to the 2000 Olympic Games, increasing 8% per annum across median apartment prices and 7.7% per annum across median house prices.”
“The five years following the Sydney Olympics saw the median apartment price grow a further 7.6 per cent per annum, while the median house price grew 12.8 per cent per annum.”
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