The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
FINAL CHANCE TO REGISTER FOR URBANITY-25 JOIN MORE THAN 550 ALREADY ATTENDING
LAST CHANCE TO REGISTER FOR URBANITY 550+ ALREADY ATTENDING
REGISTER NOWDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
1
print
Print
ConstructionTaryn ParisWed 21 Jun 23

Mosaic Fast-Tracks Coast Tower on Back of $90m Pre-Sales

South-east Queensland developer Mosaic will put shovels to dirt for the construction of the $160-million Lily at Broadbeach. 

The developer has made $90-million in sales, which managing director Brook Monahan said had fast-tracked the start of construction on the site next to its sold-out $166-million Marella project. 

Monahan said the project was on track to achieve sell-out in a comparable timeframe to Marella, if not sooner, due to the market’s confidence in Mosaic’s proven track-record of delivery, coupled with the lack of supply of high-end luxury apartment product on the Gold Coast.

“Based on the performance of our previous nine high-end developments released and delivered to the region, we were optimistic about the market responding positively to Lily,” Monahan said.

“That said, we didn’t expect such a tremendous result quite so quickly, especially before public release.

“Similar to Marella, the bulk of sales have come from our VIP database, including repeat buyers, referrals, and many who have been following Mosaic for some time now.”

null
▲ Mosaic is anticipating the project will sell out more quickly than its neighbouring Marella development at Broadbeach.
 

Monahan said consistency of delivery and buyer confidence was crucial in the current climate. 
 
“By controlling every aspect of the development process, including having our own highly skilled construction arm, buyers have the critical assurance they need that their beautiful home will be completed and to the highest standards,” he said.

“Buyers are very conscious of the construction sector’s ongoing volatility due to supply chain issues and material and labour costs and, given this, much of the perceived supply will likely not eventuate at any point in the medium-term future.”

Lily is Mosaic’s third collaboration with Gold Coast-based Plus Architecture, who also designed Marella and Dawn at Mermaid Beach.

null
▲ The project will feature 98 apartments with views across Broadbeach and to the ocean.

The project comprises 98 apartments across 29 levels, which overlook Nikiforides Family Park and has uninterrupted ocean views.

It also includes a gymnasium, sauna, steam room, resort pool, barbeque and dining spaces, and a top-floor residents’ lounge with a kitchen, dining space, library, and workstations.

All six of the skyhomes have been sold off the plan at an average price of $3.3 million.

Lily is Mosaic’s 10th project on the Gold Coast in less than four years, chalking up $850 million of developments on the coast. 

The developer has 12 active construction sites across south-east Queensland with a pipeline of 770 apartments to be delivered in the next two years. 

ResidentialGold CoastAustraliaReal EstateConstructionConstructionSector
AUTHOR
Taryn Paris
More articles by this author
ADVERTISEMENT
TOP STORIES
Warren and Mahoney Western Bulldogs Women's Health and Leadership Hub HERO
Exclusive

Beyond the Boys’ Club: Inclusive Architecture Disrupting Sporting Precincts

Leon Della Bosca
7 Min
Exclusive

Inside the $10m Heritage Refit of Sydney’s $25,000-a-Year Members’ Club

Taryn Paris
4 Min
Kurraba Point 93 Kurraba Road TUD PLUS
Residential

Council Over Court: How HFO Won Rare North Sydney Approval

Vanessa Croll
7 Min
Exclusive

Why Sentinel is Betting Big on Olympic City Office Sector

Phil Bartsch
5 Min
The Port of Brisbane has released its Vision 2060 which details the need for inland rail connectivity
Infrastructure

Brisbane Port’s $15bn Future Faces One Big Obstacle

Renee McKeown
5 Min
View All >
Goldfields Kyneton Central Edgecombe Road precinct rendering
Development

Goldfields Forges Ahead on $150m Kyneton Central Hub

Leon Della Bosca
An aerial view of Ipswich, whose suburb Springfield Lakes, had the highest number of house sales for Queensland in Q2, 2025.
Residential

Ipswich Suburb Leads Queensland House Sales

Marisa Wikramanayake
Development

Zen Group’s West End Towers Greenlit

Taryn Paris
Brisbane builder-developer Zen Group has won approval from Brisbane City Council for its two-tower project at West End..…
LATEST
Goldfields Kyneton Central Edgecombe Road precinct rendering
Development

Goldfields Forges Ahead on $150m Kyneton Central Hub

Leon Della Bosca
3 Min
An aerial view of Ipswich, whose suburb Springfield Lakes, had the highest number of house sales for Queensland in Q2, 2025.
Residential

Ipswich Suburb Leads Queensland House Sales

Marisa Wikramanayake
5 Min
Development

Zen Group’s West End Towers Greenlit

Taryn Paris
2 Min
Court Place in the Subi East precinct is set to deliver 447 new homes, including 300 affordable and 147 social homes in a prime location just four kilometres from the Perth CBD.
Community

Providers Selected for Subi, East Freo Housing Projects

Renee McKeown
3 Min
View All >
ADVERTISEMENT
Article originally posted at: https://www.theurbandeveloper.com/articles/mosaic-broadbeach-construction-pre-sales-lily