Mosaic Property Group, a leading force in South East Queensland's development landscape, has secured a prized 3,195 sqm mixed-use site at 25 Ferry Street, Kangaroo Point, from Woolworths.
Acquired for an undisclosed sum, this prime site, vacant for over 30 years, represents a pivotal milestone as the first major development of notable scale on the Kangaroo Point peninsula in over a decade.
Located in the prestigious Dockside precinct, it will feature a full-scale, 2,236 sqm Woolworths supermarket, complemented by a café, BWS, and ample basement parking—meeting a long-standing need for essential amenities and convenience.
Rising above the retail offerings, Mosaic will introduce 128 expansive luxury residences featuring 2- and 3-bedroom homes, including penthouse-style sky homes. Set across 16 levels, it will boast sweeping city and river views, world-class amenities, and a timeless design tailored for contemporary urban living.
Mosaic's Founder and Managing Director, Brook Monahan, emphasised the long-term significance of this acquisition. "This iconic site has been on our radar since 2016, known to many as a dormant opportunity burdened by years of challenges. 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."
Monahan continued, "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."
Reflecting on the broader implications of the project, Monahan added, "This development is not just about reviving an inactive site—it's about creating lasting value for Kangaroo Point and aligning with Mosaic's long-term vision of delivering exceptional, enduring projects.”
In alignment with Mosaic’s community-focused approach, Monahan added, “We are looking forward to engaging with the local community to ensure they are well informed of our plans, and how we seek to complement and add value to the area. Our commitment is not only to deliver exceptional outcomes but to foster positive, long-term connections with the people who call this area home.”
The project has already sparked substantial interest, with Monahan noting a strong response within Mosaic's existing network. "The level of excitement around this development signals its potential to be one of Mosaic's defining achievements to date."
“The Kangaroo Point Peninsula is one of the most tightly held and highly sought-after locations in Brisbane, and for good reason. It has one of the best, if not the best, walk scores in the city, made even stronger now with the completion of the green bridge and soon, with a full-scale grocery store on the horizon.”
Colliers served as the sales agent for the transaction between Woolworths and Mosaic. Troy Linnane, Residential Development Sites Director, noted that development-approved sites of this scale are very rare, particularly in Kangaroo Point, one of Brisbane's most sought-after riverside suburbs, which led to strong interest in the site.
“It was a very successful campaign with strong interest from local developers,” Mr Linnane said.
“The attributes of this site being close to the Brisbane River, CBD, and soon-to-be-completed Kangaroo Point Green Bridge, which will connect the suburb to the CBD, offered a once-in-a-generation opportunity to change the face of inner Brisbane.”
True to Mosaic's unique end-to-end business model, the company will oversee the entire development process—from detailed design and construction to long-term asset management.
Since 2012 alone, Mosaic has completed over 65 developments valued at well over $2 billion, with an additional $2 billion currently in its pipeline. The group’s resilience amidst market challenges underscores its reputation for delivering quality projects, no matter the economic climate.
“Mosaic is very grateful to continue moving forward in a market that continues to face serious headwinds, and the delivery of high-quality built form has ground to a halt. It is by no means easy, and we are in no way immune to the challenges. Still, it is in many ways what defines our business: our ability to continue delivering premium developments, backed by disciplined processes and an unwavering commitment to our customers and the communities we serve," Monahan remarked.
"We have completed every project we've ever taken to market, consistently reinforcing our customers’ confidence in our ability to see every project through including the management and care of our buildings well past completion."
The company's internal construction arm recently earned triple ISO certification in Quality, Environmental, and Occupational Health and Safety Management, ranking it among the top-tier builders in Australia.
Highlighting the impact this milestone has on its customers, Mr Monahan noted, “This triple ISO certification provides an added layer of confidence, knowing that their home is being built to the highest standards of quality, sustainability, and safety. It's another way we stand by the long-term value we deliver with every Mosaic development."
Mosaic will shortly be submitting a minor change application to the existing scheme designed by Cottee Parker, collaborating with renowned Brisbane-based architects BDA. Early works are expected to commence in 2025, with project completion slated for 2027.
About Mosaic Property Group
Founded in 2004 by Brook Monahan and rebranded in 2012 with co-founder Dave Handley, Mosaic Property Group has become one of Queensland’s most awarded private residential developers. Mosaic’s distinctive model—managing every facet of development from research and site acquisition to design, marketing, sales, construction, and property management—ensures the consistent delivery of high-quality projects that offer lasting value for customers.
Since 2014, Mosaic has completed over 65 developments valued at a combined $2 billion, consistently setting new benchmarks for lifestyle-focused, aspirational projects in prime South East Queensland locations. With another $2 billion in residential and mixed-use developments currently underway or slated for delivery in the next five years, Mosaic continues to shape the region's property landscape. Employing over 250 team members and engaging more than 2,000 consultants and subcontractors, Mosaic is also a key contributor to Queensland’s economy.
For more information visit www.mosaicproperty.com.au
Contact details:
Katie Meyer General Manager – Marketing Kmeyer@mosaicproperty.com.au
07 3171 2200
