Mosaic, led by Brook Monahan, secured 33 Railway Terrace, Milton, a near 1,600 sqm site not far from the Brisbane River, late last year
The ever-busy South East Queensland apartment developer, Mosaic Property Group, has pivoted away from a hotel apartment development at its recently acquired Milton, Brisbane site.
Mosaic, led by Brook Monahan, secured 33 Railway Terrace, Milton, a near 1,600 sqm site not far from the Brisbane River, late last year.
The sale came with plans for a mixed-use hotel and apartment tower, however Mosaic, who are always keenly developing for the owner-occupier, has taken a change of direction, amending the plans to create 113 two and three-bedroom apartments across the 20 levels.
They had BDA Architecture amend the design, which will include Mosaic’s signature luxury rooftop amenity level, as well as ground floor retail.
“Intending to appeal directly to owner-occupiers, we have removed the previous plans for 73 hotel/accommodation suites and 500 sqm of office space, making it primarily a residential building,” Mosaic’s website read.
“This move allows us to lower the number of basement levels from four to one, which will reduce the impact of excavation and piling construction works on the local community.
“A strong focus on quality, sustainability, and amenity aligns with our award-winning reputation while at the same time respecting local context and Milton’s distinct character.
“Quality ground floor retail will deliver much-needed activation and rejuvenation, creating the opportunity to cultivate a sense of community within the building and the wider local area.”
33 Railway Terrace, which will be dubbed The Manning by Mosaic, will pursue UDIA EnviroDevelopment certification, implementing a range of initiatives, from design to construction and ongoing maintenance.
Mosaic recently lodged plans for am 81-apartment tower in East Brisbane, which will be one of seven apartment projects they intend to launch across Brisbane, the Gold Coast, and the Sunshine Coast, in 2022.
Mosaic’s track record in Brisbane’s inner-west is enviable. Last year alone they sold out both of their Toowong projects, The Patterson and Kensington.
Article Source: www.urban.com.au
from Queensland Property Investor https://ift.tt/dEuJTGF
via IFTTT
