Mosaic Property Group plans its largest project yet on $30m site bought from Schiavello Group

13 October 2025

Mosaic in the news

Business News Australia – 10/10/2025 – Brisbane developer Mosaic Property Group has laid plans for its largest project to date after acquiring a riverfront site in South Brisbane for $30 million.

The company, which in recent years has been heavily weighted towards the Gold Coast market, is proposing a $500 million development comprising 37 levels and delivering more than 200 apartments.

The development plans come on the heels of Mosaic making a start on The Bedford, a $320 million residential tower at Kangaroo Point which will feature 128 apartments across 17 levels.

It also builds on three new luxury projects valued at more than $570 million on the Gold Coast, boosting the group’s development pipeline to well over $2 billion.

Mosaic Property Group has enlisted Bureau Probertsto to design the South Brisbane luxury tower which will target owner-occupiers and align with successful projects the company has undertaken across South-East Queensland.

The 4,282sqm site, located at 91 Montague Road, has been acquired from Melbourne-based developer Schiavello Group.

The property adjoins a precinct earmarked by the state government for new parkland, housing and cultural infrastructure.

“This is one of the most extraordinary opportunities we have ever secured – a once-in-a-generation riverfront site that gives us the platform to deliver something truly transformative for Brisbane,” says Mosaic Property Group co-founder and managing director Brook Monahan.

“Securing a site of this calibre, true north-facing river frontage with expansive views and seamless access to Brisbane’s premier cultural, dining and lifestyle precincts, is exceptionally rare.

“It is exactly the kind of opportunity that allows us to bring our philosophy to life and deliver a project of enduring value for our customers.”

Monahan describes the opportunity as a “defining moment” for both Mosaic and Brisbane.

“With major urban renewal planned for this corridor, our project will help anchor a new era for South Brisbane, one that unites culture, community and world-class riverfront living,” he says.

Mosaic Property Group is among the most active developers in South-East Queensland, delivering $2 billion in residential developments across the Gold Coast, Brisbane and the Sunshine Coast over the past decade.

After ramping up activities on the Gold Coast since making its debut on the glitter strip in 2018, the company’s Gold Coast portfolio hit $1.4 billion with nine completed projects and four under construction earlier this year.

During this period, the company also progressed developments in Brisbane and the Sunshine Coast, with plans for The Bedford announced late last year after the company acquired the Kangaroo Point site from Woolworths (ASX: WOW).

Monahan says that in the current environment it’s becoming harder to secure sites such as the latest South Brisbane riverfront holding.

“For us, this is never business as usual,” he says.

“We are highly selective and will often wait years for the right opportunity, having first engaged with the Schiavello family about this site back in 2018.

“We only move forward when we have absolute certainty that we can deliver – and deliver to the standard our customers expect and deserve.

“Escalating costs, tighter finance, planning complexity and labour shortages are causing many projects to stall or be shelved. Mosaic’s vertically integrated model and disciplined approach, targeting only the most exceptional locations where people genuinely want to live, has enabled us to continue bringing projects to life.”

Mosaic Property Group was founded in 2004 but rebranded in 2012, and since then the company has completed more than 70 projects. This year alone the company has completed five developments worth a total of $580 million.

The South Brisbane project is expected to be officially launched to the market in early 2026.

Published via Business News Australia – 10/10/2025