Property developer Mosaic Property Group is intensifying its commitment to the Gold Coast’s luxury apartment market, with three new high-end projects valued at over $570m. - Published via Gold Coast Bulletin - 04/01/2025
Mosaic is poised to shortly launch Sophia by Mosaic in Palm Beach — a $135m direct beachfront boutique development featuring 32 residences across nine levels.
This project marks Mosaic’s entry into Palm Beach following success in the fast[1]growing southern coastal markets of Bilinga and Kirra Beach.
In Burleigh Heads, Mosaic continues its trajectory, with a fifth site acquisition underway following the recent completions of Augusta by Mosaic and Florence by Mosaic. Plans are in place for a $185m luxury development in the suburb.
Further expanding in Broadbeach, Mosaic has secured its third site and submitted a development application for a $250m, 37-level tower on Mary Ave, offering 59 half and full- floor residences.
Mosaic has delivered over $2 billion in real estate across the Gold Coast, Brisbane, and the Sunshine Coast in the last decade, with a further $2 billion worth of residential and mixed-use projects currently under construction or planned for delivery across southeast Queensland within the next five years.
Founder and managing director Brook Monahan said the new acquisitions underscored Mosaic’s confidence in the resilience of lifestyle-driven markets and the enduring demand for its design-led and functional residences.
“The strength of these markets has been exceptional since the pandemic,” Mr Monahan said. “We continue to experience robust demand from both interstate and local downsizers who are seeking luxury apartments that offer thoughtful design, functionality, and exceptional quality. Mr Monahan said Sophia was shaping as an exceptional project for Palm Beach.
“Positioned on the dunes at the sought-after northern end of Palm Beach, Sophia occupies a premier beachfront site that we believe will be highly desirable,” he said. “We already have a waitlist of Mosaic buyers from our existing database of previous and current owners, indicating another likely rapid sellout in this very unique location.”
Designed in collaboration with Bureau Proberts, Sophia will embody Palm Beach’s natural beauty, capitalising on its distinctive charm and breathtaking views. Sophia will offer residents an array of five-star amenities, including a pool, spa, gym, and sauna.
“Sophia will provide a beautifully balanced lifestyle, merging iconic design with world-class amenities to cater to every residents needs,” said Mr Monahan. Since 2012, Mosaic has completed more than 65 developments across South East Queensland.