Solstice - 5-9 Prince Street, Cronulla, NSW 2230

Busy apartment developer Mosaic Property Group is going through its site acquisition phase, securing yet another development site on the Gold Coast.

Fresh off the back of buying prime sites in Broadbeach and Palm Beach, the <a href="https://www.urban.com.au/developers/mosaic-property-group">Brook Monahan-led developer</a> has purchased again, in an area they know all too well.

The site, at 166 The Esplanade, Burleigh Heads, will be their fifth project in the sought-after suburb. They've previously completed&nbsp;<a href="https://www.urban.com.au/new-apartments/grace-by-mosaic-4-second-avenue-burleigh-heads">Grace by Mosaic</a>&nbsp;(January 2023),&nbsp;Augusta by Mosaic,&nbsp;(August 2024), and&nbsp;<a href="https://www.urban.com.au/new-apartments/florence-by-mosaic-42-the-esplanade-burleigh-heads" target="_blank">Florence by Mosaic&nbsp;</a>(completed September 2024). Their fourth Burleigh Heads apartment development,&nbsp;<a href="https://mosaicproperty.com.au/buying/isabel-by-mosaic/" target="_blank">Isabel by Mosaic</a>, is due&nbsp;for completion mid-2026.

The new development will form part of Mosaic's Masterpiece Series, a collection of developments aimed at the premium end of the market.

EMK Architects has drawn up the plans for 28 half and full-floor apartments and skyhomes across a 17-level building,

The building will replace a 1970s block of 10 apartment on 1,012 sqm. GV Property Group's Antonio Mercuri amalgamted the site that has 20 metres of frontage to The Esplanade.

Last month Mosaic <a href="https://www.urban.com.au/news/qld/first-look-exclusive-mosaic-file-plans-for-fifth-broadbeach-apartment-development">filed plans for their fifth apartment development</a> in Broadbeach. The site, on Mary Avenue, also put together by GV Property Group, sits opposite the Broadbeach State School.

They're planning 59 apartments across a 38-level tower designed by Fraser &amp; Partners.

Mosaic is&nbsp;currently delivering sister towers&nbsp;<a href="https://www.urban.com.au/new-apartments/lily-by-mosaic-4-rosewood-avenue-broadbeach">Lily by Mosaic</a>&nbsp;and&nbsp;<a href="https://www.urban.com.au/new-apartments/marella-146-surf-parade-broadbeach">Marella&nbsp;by Mosaic</a>&nbsp;in the area, after previously completing Bela and Dawn nearby.

Read more:&nbsp;<a href="https://www.urban.com.au/news/qld/first-look-exclusive-mosaic-file-plans-for-fifth-broadbeach-apartment-development">First look exclusive: Mosaic file plans for fifth Broadbeach apartment development</a>

Mosaic's next Gold Coast development to hit the market will be <a href="https://www.urban.com.au/new-apartments/sophia-by-mosaic-1357-gold-coast-highway-palm-beach">Sophia by Mosaic</a>&nbsp;at 1357 Gold Coast Highway, Palm Beach. That will have 32 apartments designed by bureau^proberts.

The developer is also busy in Brisbane, preparing to launch <a href="https://www.urban.com.au/new-apartments/the-bedford-by-mosaic-25-ferry-street-kangaroo-point">The Bedford by Mosaic</a>, a site bought from Woolworths' development arm Fabcot, who had secured approval for 128 apartments.

Mosaic tweaked the plans, dropping the one-bedroom apartments and increasing the number three and four-bedroom apartments which is more akin to their development ethos. They're keeping the full-line Woolworths at street level.

On the site purchase, Monahan emphasised the long-term significance of the acquisition.

"This iconic site has been on our radar since 2016, known to many as a dormant opportunity burdened by years of challenges," Monahan said.

"After a thorough 12-month process, we are honoured to have been entrusted by Woolworths to bring this landmark site to life. It is a truly special location."&nbsp;

Monahan said Kangaroo Point has long awaited a project that introduced essential amenities while further elevating the area's architectural landscape.

"Our collaboration with Woolworths is rooted in a shared vision—to seamlessly integrate luxury living with retail convenience, ultimately enriching the lives of residents and the broader community."&nbsp;

The new development will form part of the Masterpiece Series, a collection of developments aimed at the premium end of the market.

Joel Robinson

First look exclusive: Mosaic secure another Gold Coast apartment development site

Cronulla is set to welcome one of its most high-end apartment projects to date.

Solstice will bring just 15 apartments to Prince Street -&nbsp;Cronulla&#39;s version of Bondi&#39;s Campbell Parade - offering unobstructed beach views across the amalgamated 1,700 sqm dress circle site.

In reality there&#39;s actually only 13 available to purchase, with the developers, GNK, wanting to retain the two penthouse apartments for themselves to reside, which are both set to feature wrap-around balconies and plunge pools.

GNK Developments, led by builder developers Geoffrey Mailey and David Hammond, amalgamated the site at 5-9 Prince Street at the northern end of Cronulla Beach, and had the Sydney-based EMK Architects design the H-shaped development, two buildings coming together to create the five-storey building.

[smartcode_project:default project_id=112239 project_image_fid=195449]

Each apartment will span between 200 sqm and 365 sqm of living space and will have three to four bedrooms&nbsp;and will be kitted out with high-end Gaggenau appliances.

Laver Residential Project Directors James Lampropoulos and Dennis Vertzayias, who are exclusive agents for the project, said it&#39;s the best residential development&nbsp;Cronulla&#39;s ever seen.

&quot;Everything about the project is the height of luxury,&quot; Vertzayias said.

[smartcode_project:default project_id=112239 project_image_fid=195452]

&quot;From the&nbsp;penthouse-size apartments&nbsp;which include enormous private lock up garages that accommodate multiple vehicles, to the iconic prime beachfront location on Prince Street, it is a very rare and exciting opportunity,&quot; he added.

Solstice sits on a rare island site, where three of the four sides of the building don&#39;t have any adjoining&nbsp;neighbours, which provides residents with further views of the ocean, and district views back to the city from the upper level apartments.

Lampropoulos has already seen significant demand from high net worth locals, either currently living locally or someone who has a connection to the Shire and may be returning.

[smartcode_project:default project_id=112239 project_image_fid=195451]

So far apartment sales have ranged from $7.25 million to $9.5 million, setting a new price record for the suburb. Most apartments have been secured by&nbsp;mainly&nbsp;active downsizers who are keen on the healthy beachfront lifestyle and are downsizing from their waterfront family homes.

&quot;There&#39;s no real entry-level, every apartment is 10/10,&quot;&nbsp;Lampropoulos adds.

The same development team created the award-winning Bomborra around the corner for the locally well-known developer, who don&#39;t create too many multi-res projects.

&quot;I&#39;ve honestly not come across a project that everyone knows who the developer is and hold them in such high regard,&quot;&nbsp;Lampropoulos said.

The last new development on Prince Street was over a decade ago, when the award-winning building Bathers on Prince was developed.

[smartcode_project_cta: project_id=112239]

Solstice will bring just 15 apartments to Prince Street - Cronulla's version of Bondi's Campbell Parade - offering unobstructed beach views across the amalgamated 1,700 sqm dress circle site

EMK Architects

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