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Mosaic Property Group achieve near sell-out of Mermaid Beach development Dawn in just two weeks

Dawn sits just a few doors down from another one of Mosaic’s success stories, its $128 million sister development Bela by Mosaic, which has also sold out.

The South East Queensland development firm Mosaic Property Group have sold 95 per cent of their luxury Mermaid Beach project Dawn after just two weeks of a pre-release to their database.

Dawn, a collection of 87 two and three bedroom residences designed in partnership with Plus Architecture and Lat27 Studios, is located on Peerless Avenue. just one row back from Mermaid Beach’s dress circle Hedges Avenue, considered the millionaire’s row of the area.

Mosaic Property Group

Dawn sits just a few doors down from another one of Mosaic’s success stories, its $128 million sister development Bela by Mosaic, which has also sold out.

Sales started from $750,000 for the two bedroom, two bathroom apartments which are now all sold out, to the three bedroom, two bathroom apartments which saw prices start from $1.42 million.

There are only a handful of three bedroom apartment remaining, priced from $1.8 million.

Residents at Dawn have access to a resort-style swimming with in-water lounges, barbecue and dining areas, sun deck with day beds, outdoor shower, spa, and a gym with a sauna and steam room.

Mosaic Property Group

There’s also the Resident’s Sky Lounge on level nine, complete with a private dining room with kitchen, wine cellar and tasting room, a lounge area and a generous outdoor terrace complete with a teppanyaki bar.

Construction on the development has been fast-tracked due to the flurry of sales, with building work to commence in late May.

Mosaic founder and managing director, Brook Monahan, said while they expected a positive response based on existing demand for ultra-premium, particularly Mosaic, product in Mermaid Beach, the strength and velocity of Dawn’s record-breaking sales performance has far exceeded all expectations.

“We are incredibly humbled by how the market, particularly local owner-occupiers, quickly recognised the rare opportunity on offer at Dawn by Mosaic.”

“There was such extraordinary anticipation for this release, from the moment the market realised we had secured a second site in Mermaid Beach, metres from Bela.”

“We haven’t even had to advertise Dawn, given we had a significant waitlist from our VIP database, along with multiple repeat buyers and a high proportion of referral purchasers. Several Bela buyers have also invested knowing already how scarce an opportunity it is to buy premium product in one of the best locations on the east coast of Australia.”

Among the sales was the four bedroom Masterpiece Penthouse which was secured by a local buyer for just under $6 million.

The full-floor apartment spanning over 350 sqm of internal space and over 120 sqm of outdoor areas features its own home office, separate living and retreat areas as well as a sprawling 105 sqm master suite.

Floor to ceiling windows span the width of the apartment which takes in the uninterrupted ocean and coastline views.

Dawn is Mosaic Property Group’s fourth luxury Gold Coast release within two years. Following Bela, Elan by Mosaic in Kirra was released in late 2019, selling out within three months. Mosaic’s last release, Grace by Mosaic in Burleigh Heads, was released in late October 2020 and is now over 95% sold.

“Having four best-selling Gold Coast developments within the short space of two years is an achievement the entire Mosaic team, and I are hugely proud of, and we have more exciting plans for the region in 2021 and beyond.”

Oversized floor plans include expansive, cantilevered balconies, some of the largest on the Gold Coast, that account for at least 20% of total living space.

Opulent finishes, bespoke detailing, and expert craftsmanship have been applied throughout to create living spaces that not only look but feel beautiful.


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Stalled Elegance, Mermaid Beach apartment development site listed

A 3,873sqm Mermaid Beach development site with approval for dual residential towers has been listed through CBRE.

The site has approval for two multi-storey residential towers of 47 and 49 levels.

It was known as the Elegance project when marketed by Hubei United Investment Group, a state-owned Chinese company.

There had been 120 sales when the marketing ceased in 2019.

Mermaid Beach

Elegance 2605 Gold Coast Highway, Mermaid Beach QLD 4218 

Located on the border of Broadbeach and Mermaid Beach on the Gold Coast, there are 522 apartments across two buildings.

The West tower includes 311 one, two, and three-bedroom apartments.

The East tower has 210 two-bed apartments.

Located at 2605 Gold Coast Highway, the site benefits from frontages to Mermaid Avenue.

CBRE’s Mark Witheriff, Daniel Doran and John Nucifora are taking offers until October 28.

The site sold for $34.1 million in 2016.

The approval was granted in October 2016 which expires in October 2024.


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Peet Plots 11-Storey Slender Mosman Park Tower

Plans for an 11-storey residential tower at Mosman Park are gathering support as the 48-apartment, transit-oriented development goes to public consultation.

Residential developer Peet Limited plans to develop the 1518sq m site at 8-10 Glyde Street as part of the Mosman Park Town Centre precinct, 14km south-west of the Perth CBD, to deliver greater density in the area.

The Klopper-and-Davis-designed development includes a three-storey podium and a “slender” tower to reduce visual bulk.

According to town planners Hatch RobertsDay, the vision for the site was to “deliver an exemplary mixed-use development” that would celebrate the character of the area.

“The proposed mixed-use development offers a highly activated ground floor to Glyde Street, the introduction of a public plaza space and integrated parklet with a podium-tower building typology that delivers human-scale development at the street level,” the design report stated.

“The team has recognised the importance of the subject site as an entry to Glyde Street, and in response the design intent is to move away from a shorter, bulkier building towards the development of a taller, slender building that provides a better response to streetscape context via the delivery of a three-storey podium.”

The apartment tower would include six one-bedroom apartments, 20 two-bedroom apartments, 16 three-bedroom apartments, and six penthouses as well as a three commercial tenancies on the ground floor.

 Mosman Park

▲ The proposed development received “strong endorsement” from the town’s Design Review Panel. Images: Klopper and Davis Architecture 

Two other mixed-use developments have won approval along Glyde Street: a seven-storey Fabric Property development at 38 Glyde Street, and NOMA, a nine-storey mixed-use development at 42 Glyde Street.

According to the design report, the building’s neutral colour palette would complement the heritage of the area.

“The buildings features, materials and colours complement the overarching historic theme reminiscent of the twine factory, existing wool shop and Mosman Park’s architectural identity,” the report stated.

“White textured face brick and the curved design of the podium reflect the interwar functionalist architecture of the nearby Camelot Cinema.”

Klopper and Davis said it would “[stitch] together the strands of pre-colonial, federation and mid-century influences into a single narrative for the town’s heart”.

The town is planning for a further 1600 dwellings by 2050 as part of the Perth and Peel @ 3.5 Million plan, and the Glyde Street Residences development would diversify housing and business opportunities within the Mosman Downtown precinct.

The planning proposal for 8-10 Glyde Street has been through its three design review sessions and, according to the design review panel, the “applicant has responded constructively to the feedback provided” and was now eligible for public consultation.


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Developers eye Surfers Paradise apartment development site, once proposed for luxury Markwell tower

Surfers Paradise

The approved plans for Markwell, located at 2983-2991 Surfers Paradise Boulevard, have been designed by BDA Architecture and include 552sqm of retail space.

Gold Coast apartment seekers, who are getting frustrated as developments continue to sell out prior to launch, are expected to have more of an opportunity when the construction of Markwell finally gets underway.

The Surfers Paradise Boulevard site, where the 47-level, 210 apartment Markwell was given development approval for in 2015 by its owners Citimark Properties, is set to be sold, with developers already showing interest on the dress circle address just 200 metres from the beach.

The approved plans for Markwell, located at 2983-2991 Surfers Paradise Boulevard, have been designed by BDA Architecture and include 552sqm of retail space.

There will be a mix of two-bedroom, two-bathroom and three-bedroom, two-bathroom apartments, the latter targeting the downsizer.

It’s a rarity for such a prime piece of real estate to come with development approval, GV Property Group Director Antonio Mercuri, who is handling the marketing with CBRE.

“While the demand is at an all-time high, there’s a scarcity of sites available, and even less on-market with DA approval, making parcels of land like this one an incredible and rare opportunity,” Mercuri said.

Mercuri said now is the time to invest in the Gold Coast, with a strong market outlook market post the pandemic peak.

“We’ve seen a significant influx of interest and sales in the Gold Coast market in recent months.

“With international travel still limited and many interstate Australians looking for a sea change after a challenging couple of years, the Gold Coast market has never been stronger.”

Surfers Paradise

CBRE Gold Coast Managing Director Mark Witheriff said it’s exciting to see a site of this calibre on-market at a time of tremendous confidence in the Gold Coast market.

“Markwell provides an opportunity to develop in the enormously popular Surfers Paradise hub, which usually attracts some 5.1 million visitors from around Australia and across the globe and has a growing resident population.”

Located on the corner of Markwell Avenue and Surfers Paradise Boulevard, the site is primely positioned in close proximity to the Q1 precinct and the new light rail. The site was last transacted in June 2015 for $11 million to Citimark Properties and now has a potential gross realisation value of circa $200 million.

Citimark Properties are offloading the site as they shift their focus to their other projects across their portfolio, which includes a soon-to-be-launched Chevron Island development, Mirador.

“Six years on, we look forward to seeing Markwell come to life, led by its new owners,” John Bowman, development director at Citimark, said.


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