Building Starts on Mosaic Site

Construction is underway on The Bedford by Mosaic, marking the long-awaited transformation of a prominent Kangaroo Point peninsula site that has remained dormant for decades.

The $310m mixed-use development by Queensland developer Mosaic Property Group will deliver the precinct’s first-ever major supermarket.

The Bedford will include a full-line Woolworths, cafe, and liquor store at ground level, with 172 two- and three-bedroom residences and resident amenities across 16 levels above.

The development has sold more than 90 per cent since its late 2024 preview. The final release of luxury residences is now available with construction being undertaken by Mosaic’s own in-house building team. Residences are priced from $1.4m and completion is set for late 2027.

Mosaic founder and managing director Brook Monahan said the milestone represented a long-awaited activation of a key inner-city location.

“This is a cornerstone site that has sat idle for decades,” he said.

“After so many stalled attempts, we’re proud to be the ones finally bringing it to life.

“It’s a privilege and a responsibility we take seriously — delivering the kind of amenity and homes that build on Kangaroo Point’s established appeal to further cement its position as one of Brisbane’s most coveted residential pockets.

“The response to The Bedford has been exceptional, and it’s not by chance.

“It comes down to a combination of location, quality and confidence. This is one of Brisbane’s most iconic inner-city suburbs, yet it’s lacked new residential supply for over a decade.

“We’ve paired that demand with a truly elevated offering — generously scaled homes, anchored by a luxury hotel scale amenity — and, crucially, the certainty that Mosaic will deliver. In this market, that assurance is more valuable than ever.”

Mr Monahan said the strength of demand for The Bedford had been so significant that Mosaic was fast-tracking the preview of its follow-up Kangaroo Point development, the $240m The Carter by Mosaic, to meet ongoing demand.

“We don’t bring a project to market unless we believe deeply in its relevance and potential — but when demand exceeds even our expectations, we move with confidence,” he said.

“The Bedford’s performance has reaffirmed that buyers are seeking quality, location, and above all, certainty of delivery. That’s exactly what we offer — and it’s why we are here.”

Also published via realestate.com.au