MOSAIC LAUNCHES $15M PROJECT IN NORMAN PARK

MOSAIC LAUNCHES $15M PROJECT IN NORMAN PARK

HARD on the heels of delivering more than 330 apartments across Brisbane this year, Mosaic Property Group has launched its 'most luxurious' project yet.

The $15 million Reside by Mosaic project in Norman Park is expected to follow in the footsteps of the developer's 11 current properties and generate strong sales.

Mosaic managing director Brook Monahan says the Norman Crescent site was acquired earlier this year with a view to creating the most prestigious development in the eastern suburbs.

"Norman Park is known for its beautifully renovated Queenslanders and post-war workers' cottages, with all the services and facilities you could possibly ever hope for," Monahan says.

"Designed by Vabasis Architects, Reside by Mosaic capitalises on its highly elevated position and blends privacy and luxury with the convenience of city fringe living to offer sleek, large luxury apartments with unmatched 180 degree city and river views."

Featuring 21 boutique two and three-bedroom residences, Monahan says demand for inner-city housing and low rise apartments remains strong.

He says the population of Norman Park has increased by more than 18 per cent since 2006.

"Norman Park is also ideally situated at the centre of a range of boutique shopping and entertainment areas, only minutes from the Oxford Street and Stones Corner's dining options, as well as the Woolloongabba and Southbank arts and cultural precincts," he says.

Construction of Reside by Mosaic is scheduled to commence next month, with first residents expected to settle in September 2016.

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