Stadtquartier Kurbadstraße: What the New Quarter Means for Oberlaa

The Stadtquartier Kurbadstraße is a new residential quarter in Oberlaa (10th district, Favoriten), under construction since autumn 2024 right next to Kurpark Oberlaa and the Therme Wien thermal baths. Around 750 apartments are planned across roughly 20 buildings, two-thirds of them subsidised. The build is carried out by a developer consortium coordinated by the city-owned WSE. Completion is staged between 2026 and 2028.

The quarter is rising on Vienna's southern edge, along Kurbadstraße, between Kurpark Oberlaa and the Therme Wien — right by the U1 metro terminus Oberlaa. The site was previously part of the former spa building and its car park.

Sources differ on the scale, and that is worth stating plainly: early news reports cited around 600 apartments; the City of Vienna's planning documents reference roughly 650 apartments plus 81 care-home places; in total, the figure quoted is around 750 new apartments. Added to the housing are local shops and services, kindergartens and publicly usable ground floors. What emerges is a complete new neighbourhood, not an infill block.

Kurbadstraße is not built by a single developer but by a consortium: GEWOG, GESIBA, WBV-GPA, WIGEBA, Gartenheim and at home Immobilien. Each developer is responsible for its own building plot (referred to as BAG in the city documents). Development of the whole site is coordinated by the city-owned WSE (Wiener Standortentwicklung). This model — several developers under one coordinator — is typical for large Vienna urban-development quarters and usually produces a more varied build than a single-developer project.

Construction started in autumn 2024 and proceeds in stages. A WBV-GPA building with around 105 subsidised apartments is scheduled for occupancy around autumn 2026; a GEWOG building with around 127 apartments is expected around spring 2027. Full completion of the quarter is anticipated around 2028, with some city planning documents extending to 2029. One clarification: the year "2026" seen in headlines refers to the first buildings, not the entire quarter.

Around two-thirds of the apartments in the Kurbadstraße quarter are subsidised: subsidised rental apartments (geförderte Mietwohnungen) and so-called SMART apartments with extra subsidy (Superförderung). The SMART format means compact, well-planned layouts with a capped down-payment, aimed at moderate budgets; income limits apply. The remaining third is free-financed. Applications for subsidised apartments in Vienna run through Wohnberatung Wien. The high share of subsidised housing is a deliberate Vienna strategy — the neighbourhood stays socially mixed.

The project had a difficult path through approval. In 2023, residents pushed back against the original plan: around 14,000 people signed a petition — for many it was "too much concrete" in a green district. The city held talks with residents and adapted the plan: building heights were reduced and more green and open space was added. In its revised form, the project was approved by the city council. This backstory explains the quarter's current shape — lower and greener than the first draft.

For the market in the 10th district this is a noticeable supply increase — around 750 apartments within a single neighbourhood, mostly in the subsidised segment. Favoriten is traditionally one of Vienna's more affordable and more rent-driven districts; a large new quarter with exactly that profile shifts supply to where demand for affordable housing is high. The METROX demand index for Favoriten is 57, against 63 city-wide — solid, but not overheated. Additional subsidised supply meets a steady, rent-oriented demand here.

In its favour: Kurpark Oberlaa and the thermal baths next door, the direct U1 link into the centre, and new infrastructure within the quarter itself — local shops, kindergartens and public ground floors. To weigh against it: this is an edge location, and until the quarter is completed around 2028 the surroundings will be in construction mode. Demand in Oberlaa leans towards renting — the rental component of the METROX index sits well above the sale component. The high share of subsidised apartments fits this rent-oriented demand well.

For the comparison project in the Nordbahnviertel, see our analysis of the Nordbahnhof development. All current Vienna new-build projects are shown on the METROX new-builds map in the dashboard. For a data-based read on all 23 districts, see our overview of the best districts in Vienna; the detailed profile of Favoriten is on the Favoriten district page.

Bottom line: the Stadtquartier Kurbadstraße is not an infill block but a new development node in the south of Vienna: a large, mostly subsidised supply in an affordable district with a direct metro link and a green setting. For market observers, the next reference points are the first move-ins in 2026 and 2027.

Sources: WSE Wiener Standortentwicklung, City of Vienna (urban planning), ORF Wien. As of May 2026.

This article is for informational purposes only and does not constitute investment advice. All figures are based on publicly available data and METROX estimates.