Construction has officially begun on a Brisbane precinct worth a staggering $1.5 billion, set to deliver hundreds of new homes before the 2032 Olympics.
On Thursday morning, Panettiere Developments began their in-house build of Little Italy in Newstead: a luxury mixed-used area with three apartment towers and a new shopping district.
‘Oro’, the first tower to be completed, is a 31-storey complex set to be the tallest in the suburb.
Thursday morning saw construction begin on ‘Oro’, a 31-storey apartment tower planned to be the tallest in Newstead.
Oro is one of three new complexes to be built with Panettiere Developments’ Little Italy precinct, which will introduce new dining and shopping spaces for the public.
197 new homes will be available for purchase in the building at 75 Longland St, offering one-bedroom to five-bedroom apartments across a mix of units, subpenthouses and penthouses.
Developments director Max Panettiere said Little Italy sought to bring his heritage’s traditional Italian charm to the larger community of Brisbane’s inner north.
“Designed as a walkable, connected destination, the precinct will introduce dining, retail and activated laneways,” he said, “placing future residents within an established inner-city setting while adding a new layer of character to Newstead.”
The precinct is designed as a homage to the developers’ heritage, and is expected to create more than 500 local jobs during its creation.
Oro will have 197 homes in the building, ranging from deluxe units to prestige subpenthouses and penthouses.
Designed by architecture studio Carr, the 7,440 sqm project is estimated to create more than 500 local jobs across its development.
Prices for apartments in Oro begin at $1.07m, for a one-bedroom unit with a multipurpose room. Two-bedroom units begin at $2.1m, while two-bedroom units with a multipurpose room start at $3.8m.
Residents will have access to 2,400 sqm worth of wellness features across multiple levels: including a gym, pilates studio, indoor and outdoor pools, dining rooms and private working areas.
Units begin at $1.07m for a one-bedroom unit with multipurpose room, with options designed to appeal towards downsizers, professional couples and families.
The building will have 2,400 sqm of wellness features for residents, ranging from indoor and outdoor pools to private dining and work spaces.
“The tower features a sculptural, stepped form with a warm material palette that draws on European references while remaining grounded in its urban context,” Mr Panettiere said.
“Floorplans have been designed with space and flexibility at the forefront, responding to owner occupiers seeking long-term liveability rather than short-term solutions.
“Layouts are intended to adapt across different life stages, appealing to downsizers, professional couples and families alike.”
Panettiere Developments has begun work with their builders, with Oro anticipated for a completion of 2029.
The remainder of Little Italy is expected to finish by 2032, before the beginning of Brisbane’s Olympic and Paralympic Games.
Publicly accessible areas across Little Italy will include a cobblestoned piazza, Italian dining options and several new shopping and wellness venues, with further details to come closer to completion.
Oro’s construction is currently estimated to wrap up by 2029, with the overall project to be finished before the 2032 Olympic and Paralympic Games.
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