Mosaic Development Partners

What Mosaic Development Partners does

Mosaic Development Partners is a Black-owned, impact-driven commercial real estate development company founded in 2008 by Greg Reaves and Leslie Smallwood-Lewis and headquartered in Philadelphia, Pennsylvania. The firm specializes in mixed-use, mixed-income, and affordable housing development in underserved Philadelphia neighborhoods and is certified as a Minority Business Enterprise (MBE). Its active project portfolio includes the $285 million AVE Navy Yard (614 apartments delivered across Normandy and Constitution buildings, in joint venture with Ensemble Investments and Korman Communities), the 230,000 SF Sharswood mixed-use development with the Philadelphia Housing Authority, the 70,000 SF Eastern Lofts in Strawberry Mansion (successfully exited in 2022), the 66-unit Edison 64 Veterans Community in the former Edison High School, the $7.5M Golaski Labs modular-construction project in Wayne Junction, and co-master development of the Navy Yard's 109-acre residential phase. The company also operates Mosaic Brokerage Group (15 agents handling commercial and residential leasing) and partners with Small Change to enable non-accredited investor participation from $500 minimums.

Mosaic's technology and construction approach centers on modular and panelized building methods applied selectively to reduce cost and enable affordable-mixed-income delivery. The firm's competitive approach — branded as "gentrigation" — combines mixed-income development with explicit racial and economic integration goals, and its financing stack exploits opportunity zones, new markets tax credits, historic tax credits, C-PACE, and public-private partnerships. Distribution is relationship-based: the firm wins projects through selection by public agencies (PIDC, PHA, Downtown Dover Partnership) rather than competitive bidding, supplemented by an in-house brokerage. Revenue is generated through developer fees on multi-million to multi-hundred-million dollar projects, recurring property management and brokerage commissions, and transaction fees on the Small Change community investment platform. The company has invested $100 million in Philadelphia neighborhoods over 12 years, completed 1 million square feet of redevelopment, housed nearly 500 people (often at below-market rents), and created hundreds of construction and permanent jobs in neighborhoods including Fairhill, Strawberry Mansion, Brewerytown, Germantown, and West Philadelphia. In 2025 the Navy Yard received LEED for Neighborhood Development Gold Certification, the largest such designation in the United States.

Name

Mosaic Development Partners

Legal name

Mosaic Development Partners

Website

https://mosaicdp.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

Mosaic Development Partners is a Black-owned Philadelphia-based real estate developer founded in 2008 that delivers impact-driven, mixed-use, affordable and mixed-income housing in underserved communities, with a $285M Navy Yard joint venture as its flagship project.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Land Subdivision (23721), Commercial and Institutional Building Construction (236220)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Operative Builders (1531), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Multi-Family Residential Construction (Apartments, Condos, Townhomes) (IMAFABAB)

akta.pro secondary industries

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL), Transitional/Development Land Brokerage (Entitled, In-Path-of-Growth) (BPAJADAJ)

Keywords

• Commercial real estate development
• Mixed-use property development
• Affordable housing development
• Mixed-income communities
• Impact investing real estate

Headquarters

HQ city

Philadelphia

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Others

Revenue model

1. Real Estate Development: Development of mixed-use properties including residential apartments, commercial retail, office space, and community facilities. Revenue generated through property sales, leasing, and long-term property management.
2. Commercial Property Management: Management of commercial and residential properties through Mosaic Brokerage Group with 15 agents, leasing commercial and residential spaces
3. Community Investment Platforms: Facilitation of non-accredited investor participation in real estate projects through Small Change platform, allowing investments from $500 minimum

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Mosaic Development Partners is a Black-owned commercial real estate development firm that develops mixed-use, mixed-income, and affordable housing properties in underserved urban communities. The company delivers projects through public-private partnerships, joint ventures, and complex financing structures (historic tax credits, new markets tax credits, opportunity zones, C-PACE). It also operates a brokerage arm (Mosaic Brokerage Group) that leases and manages its portfolio of residential and commercial properties.

Product overview

Mosaic Development Partners JV is an impact-focused real estate development company specializing in sustainable, mixed-income community development. The company operates several named development projects including AVE Navy Yard (a joint venture residential project with Korman Communities and Ensemble Investments delivering 614 apartments), Eastern Lofts (a 70,000 SF mixed-use historic renovation), Golaski Labs (a 39-unit Opportunity Zone project), Sharswood (101-unit mixed-income development), and Edison 64 Veterans Community (66-unit affordable veterans housing). The company serves as co-master developer of the Philadelphia Navy Yard transformation project, developing 109 acres for residential use. The portfolio emphasizes affordable and workforce housing, minority/women-owned business participation, and community-focused development in underserved Philadelphia neighborhoods.

Differentiator

Problem solved

Functional benefit

Products and services

• AVE Navy Yard A $285 million residential development project delivering 614 contemporary apartments across two complementary communities (Normandy and Constitution) with 75,000 square feet of wellness, business and leisure amenities and 25,000 square feet of restaurant and boutique retail space. Developed in partnership with Korman Communities and Ensemble Investments.
• Eastern Lofts A 70,000 SF mixed-use apartment building located on the border of Brewerytown and Strawberry Mansion in Philadelphia. This former warehouse sat vacant for 35 years before being renovated into residential and office lofts using historic and new market tax credits.
• Golaski Labs A $7.5 million project to convert a former medical supply factory on Wayne Avenue in Philadelphia into a 39-unit apartment building with retail and coworking space, incorporating advanced modular construction and smart room features.
• Sharswood Mixed-Use Development A 230,000 square foot mixed-use project at 2077 Ridge Avenue with 101 residential units (studios, one-bedroom, and two-bedroom apartments), commercial condominium units, and retail space. 80% of apartments are rented at market rate (80-120% AMI) and 20% as affordable units.
• Edison 64 Veterans Community A 66-unit affordable veterans housing project located on the former site of Edison High School in Philadelphia's Fairhill neighborhood, honoring the legacy of 64 students who died in the Vietnam War.
• Navy Yard Master Development A joint venture with Ensemble Investments serving as co-master developer of the Navy Yard, working on its first residential phase covering 109 acres. The project includes plans for 4,000+ residential units, transforming the former military base into Philadelphia's first new neighborhood in a generation.
• Mosaic Brokerage Group Wholly-owned brokerage subsidiary providing commercial and residential leasing services across Mosaic's property portfolio, with 15 agents handling leasing transactions.

Quantifiable outcome

• $100 million invested in Philadelphia neighborhoods over 12 years
• +4 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• PIDC (Philadelphia Industrial Development Corporation)coreStrategic or Co-development PartnerSelected Ensemble/Mosaic as co-master developer of Navy Yard in 2020. PIDC represents partnership between government and business and is one of the nation's most inventive economic development agencies.
• Ensemble Real Estate InvestmentscoreStrategic or Co-development PartnerJoint venture partner with Mosaic Development Partners to form Ensemble/Mosaic JV for Navy Yard master development. Greg Reaves is co-founder of Ensemble.
• Korman CommunitiescoreStrategic or Co-development PartnerResidential development partner for AVE Navy Yard project. Korman's AVE brand handles design and management of residential components (614 units across Normandy and Constitution buildings).
• Downtown Dover PartnershipcoreStrategic or Co-development PartnerSelected by Downtown Dover Partnership to develop downtown Dover revitalization projects including retail-residential building at 120 S. Governors Ave and transportation hub/parking garage. State invested $25+ million in these projects.
• Small ChangeminorChannel Partner/ Reseller/ DistributorOnline crowdfunding platform used by Mosaic to bundle relatively small equity contributions from non-accredited investors into real estate projects, enabling $500 minimum investments.
• Philadelphia Housing Authority (PHA)coreStrategic or Co-development PartnerGround lease partner for Sharswood development (99-year ground lease for $1 annual payment). Provides leverage lender and has option to acquire project. Co-investor with Commonwealth Cornerstone Group and Capital One in NMTC allocation.
• Cheyney UniversityminorStrategic or Co-development PartnerMosaic is working with the oldest historically Black college to help develop the campus and surroundings.

Scale indicators12 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Pennrose: Philadelphia-headquartered affordable and mixed-income housing developer with national footprint. Comparable in focus on LIHTC-financed rental housing, mixed-use communities, and public-private partnerships with housing authorities.
• Jonathan Rose Companies: National mission-driven real estate developer focused on affordable, mixed-income, and transit-oriented development. Comparable in impact-development thesis, mixed-use project types, and master-planning community-scale projects.
• The NRP Group: Cleveland-based national developer of affordable, mixed-income, and market-rate multifamily housing. Comparable in product type (apartments, mixed-use), reliance on LIHTC and public financing, and relationships with institutional equity partners.
• The Goldenberg Group: Philadelphia-based real estate developer where Mosaic's co-founders previously worked. Operates as a similarly-sized mid-market developer of mixed-use and mixed-income projects in the Philadelphia region, with comparable community-anchored development approach.
• L+M Development Partners: New York-based minority-led developer of mixed-income, affordable, and mixed-use housing. Comparable in minority-led ownership structure, focus on underserved urban neighborhoods, and use of complex public-private financing.
• The Community Builders: National nonprofit developer of mixed-income housing and mixed-use communities. Comparable in mission-driven approach to development, focus on neighborhoods of color, and use of layered financing (tax credits, subsidies, conventional debt).
• Ensemble Real Estate Investments: Co-founder Greg Reaves is also a co-founder of Ensemble, and the two firms are JV partners on the Philadelphia Navy Yard master development. Ensemble is a Philadelphia-based mixed-use and multifamily developer of comparable scale and project profile.
• BRP Development: Philadelphia-based impact-oriented developer of mixed-income and affordable multifamily housing. Comparable in serving underserved urban communities and using complex public financing structures (LIHTC, NMTC) for ground-up development.

Emerging players

• Enterprise Community Partners: National nonprofit that develops and finances affordable housing through its development subsidiary and CDFI lending arm. Comparable in mission-driven development, NMTC deployment, and serving as both developer and capital partner in mixed-income projects.
• Korman Communities: Residential operating partner on Mosaic's AVE Navy Yard project. Comparable as a multifamily owner/operator with similar regional footprint and product positioning, though Korman is a JV partner rather than direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@mosaicdevelopmentpartners9837?si=ZEzLGbUMSNIIq3kp
• Facebookfacebook.com/mosaicdevelopment
• LinkedInlinkedin.com/company/mosaic-development-partners-jv
• Instagraminstagram.com/mosaicdevelopment
• Xx.com/partners_mosaic

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mosaic Development Partners