Construction has officially commenced on a long-vacant Kangaroo Point site, with Mosaic Property Group starting works on a major mixed-use development known as The Bedford.
The $310 million project is set to introduce the peninsula’s first full-line supermarket, a Woolworths, alongside 128 high-end apartments and a suite of resident amenities. The ground level will also include a café and liquor outlet, anchoring the development as a new urban hub for the area.
Occupying a site that has remained undeveloped for decades, The Bedford is notable for being the first residential tower release of more than 20 apartments in Kangaroo Point in over 10 years. The project has already sold more than 90 percent of its apartments since its initial preview in late 2024.
“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,” said Mosaic Founder and Managing Director Brook Monahan.
“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 residential component of the project spans 16 levels and features two- and three-bedroom apartments with larger-than-average floor plans. According to Mosaic, the building’s amenities have been designed to reflect the standards of a luxury hotel, though specific details on those facilities have yet to be made public.
Monahan said the level of buyer interest reflects a broader shift in market priorities.
“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.”
He added that certainty of delivery remains a key factor in today’s market: “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.”
The Bedford is being delivered by Mosaic’s in-house construction division, which the company says plays a central role in maintaining quality and timeframes. Following the strength of the project’s sales performance, Mosaic is now bringing forward the launch of a second Kangaroo Point development, The Carter, which is projected to be a $240 million build.
“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,” Monahan said.
In addition to The Bedford, Mosaic has a pipeline of developments across inner Brisbane. In 2025 alone, the company has completed or is nearing completion on three major projects: The Mowbray in East Brisbane, The Prescott in Toowong, and The Manning in Milton, representing a combined $350 million investment and nearly 300 new residences.
Since 2012, the Brisbane-based group has delivered more than 65 projects across Southeast Queensland, with a further $2 billion in developments in planning or under construction.
Final residences at The Bedford are now on the market, with prices starting from $1.4 million. Completion is anticipated in late 2027.
The original development application article for this project is here.
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