Construction for Newstead’s tallest tower and a new Italian-themed retail and dining hub will begin on Friday.
The $1.5 billion Little Italy precinct on Longland Street will eventually include three towers housing about 1500 people, and a cobblestoned space with restaurants and shops.
It previously made headlines after neighbouring music venue The Triffid took the developer and Brisbane City Council to court to force a redesign.
Workers will begin construction on the themed strip and largest of the buildings this week.
The 31-storey tower, called Oro, will be about 110 metres tall and comprise 197 one- to five-bedroom luxury residential apartments and penthouses.
An announcement put out by the developer, Panettiere Developments, said 50 per cent of units had already been sold. The smallest apartments start at more than $1 million.
A gym, studios for Pilates and yoga, heated rooftop pool and indoor pool, hot and cold plunge zones, sauna, steam and salt therapy rooms, private dining rooms, and co-working spaces are promised in the building.
The surrounding street-level spaces will be transformed into an Italian-themed and cobblestoned piazza, with restaurants and shops.
Italian flags and workers were all over the site on Wednesday afternoon, in preparation for a launch event.
Oro and the Little Italy precinct are scheduled to be finished in 2029.
A spokesperson for the developer would not say when construction of the other two buildings would begin, but confirmed the entire project was slated to be finished before the 2032 Games.
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