Mosaic breaks ground on $310M Kangaroo Point landmark

Construction is officially 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 $310 million mixed-use development by Mosaic Property Group will deliver the precinct's first-ever major supermarket. It is also the peninsula's first luxury apartment tower release of more than 20 residences in over 10 years. 

The Bedford will include a full-line Woolworths, cafe, and liquor store at ground level, with 128 generously scaled two-, and three-bedroom residences and an extensive range of exclusive resident only amenities across 16 levels above.  

Selling over 90% since its late 2024 preview, The Bedford has rapidly become one of Brisbane's most sought-after releases in recent times. The final release of its luxury residence offering is now available, with construction being undertaken by Mosaic's own-in-house building arm. 

Mosaic founder and managing director Brook Monahan said the milestone represents a long-awaited activation of a key inner-city location.
 
"This is a cornerstone site that has sat idle for decades. After so many stalled attempts, we're proud to be the ones finally bringing it to life," Brook said. 
 
"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 luxury hotel scale amenity – and, crucially, the certainty that Mosaic will deliver. In this market, that assurance is more valuable than ever."

Brook said the strength of demand for The Bedford has been so significant that Mosaic is fast-tracking the preview of its follow-up Kangaroo Point development, the $240 million 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," said Brook. 
 
"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 accelerating the release of The Carter in the coming weeks."

In 2025 alone, Mosaic is on track to complete three major projects – The Mowbray by Mosaic in East Brisbane (delivered January), The Prescott by Mosaic in Toowong (just completed), and The Manning by Mosaic in Milton (set for July) – totalling over $350 million and 295 new homes. 
 
All have been constructed by Mosaic's internal building division, which has become central to the group's ability to consistently deliver on time and to standard.

Since 2012, Mosaic has completed more than 65 premium residential and mixed-use projects across Brisbane, the Gold Coast, and the Sunshine Coast, delivering more than $2 billion in value. 
 
A further $2 billion in projects are either underway or in planning – clear proof of Mosaic's enduring commitment to delivery and its standing as one of the most trusted names in the industry.

Final residences at The Bedford by Mosaic are now available, with prices from $1.4 million and completion slated for late 2027.

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