19 Jun 2026
111 Castlereagh: Where heritage, luxury and position intersect
19 JUNE 2026
Sydney’s recent rejuvenation as a more connected and vibrant city has seen its appeal to home buyers skyrocket. With the $30 billion Metro expansion well underway, Sydneysiders are finding it easier to commute in and around the city’s restaurants, parks and shopping precincts.
The lure of such a lively place to work and live is putting a premium on CBD homes, which are becoming harder to secure. Even scarcer are addresses with a genuine link to Sydney’s past as one of the world’s busiest waterfront cities of the 20th century.
A new city residence is ticking both of these boxes.
111 Castlereagh, on the corner of Castlereagh and Market streets, is bringing almost 100 new apartments to the market. The upscale development by Cbus Property will be built atop the former David Jones menswear store at the top end of Hyde Park.
The design team behind 111 Castlereagh has aimed to respect the heritage-listed department store while reimagining it as a mixed-use building of 34 storeys, 21 of which are residential, where people will live, work and shop.
“The ambition was not simply to add to what existed, but to create something genuinely integrated, where new and old reinforce rather than compete with each other,” says Richard Francis-Jones, design director at fjcstudio.
Its bronze, sculptural form is set to make its mark on Sydney’s skyline soon, with construction nearing completion. The dramatic appearance of suspension is sure to set it apart from its high-rise neighbours.
“Our concept was to create a sense of the new residential tower hovering above the heritage building, almost without touching it,” Francis-Jones says.
“The new bronze, object-like form tapers at the top and base, emphasising this sense of suspension, and seems to send ripple-like wave forms through the lush landscape gardens that separate new from old.
The residential tower seems to hover above the heritage building.
“Below this curvilinear tower we have created a central atrium within the historic building’s workplaces and retail areas. A ring of natural light around the base of the tower form draws generous daylight into the atrium and the spaces around it.”
The ground level of the building houses luxury shopping brands – the flagship boutiques of Chanel, Moncler and Omega are already trading there. At street level, the original facade materials – Hawkesbury sandstone and travertine – will be preserved, and the art deco-style lobby features will be retained.
The sculptural forms of the bronze, 34-storey mixed-use building flow through to the interiors.
Close attention has also been paid to the interiors of the apartments above. Buyers can choose from three material palettes, each using natural stone and warm timber veneers.
The sculptural forms of the exterior flow through to the residences, says Lina Sjogren, principal at fjcstudio.
“The tower’s fluid geometry carries through into every element a resident touches: carved stone walls in the bathrooms, sculpted kitchen benches that echo the building’s own curves with a crafted benchtop held above a monolithic base, and bespoke tapware developed exclusively for these residences,” she says. “It is evident that in these interior spaces every detail matters.”
Views of the city and the harbour can be had from many of the 98 residences at 111 Castlereagh.
Enquiries about the one, two and three-bedroom apartments have come from local Sydney residents and interstate buyers searching for an upmarket city pad. The project’s connection to yesteryear through the old David Jones store has piqued the interest of those with fond memories of visiting the site, says Chris Kakoufas, Cbus Property chief executive.
“What has been particularly interesting, however, is the emotional connection many people have to the site,” he says.
“For generations of Sydney locals and visitors to the city, David Jones forms part of their personal history. There’s genuine nostalgia attached to this address.”
Prices range from $2.2 million for a one-bedroom apartment to $8.25 million-plus for three-bedders.
Kakoufas says 111 Castlereagh occupies a rare intersection of heritage character, architectural significance and its accessible CBD location.
“The appeal lies in the rare combination of location, prestige, exclusivity and design,” he says.
“The project’s boutique scale, architectural pedigree, heritage detailing and limited availability make it a particularly compelling proposition.”
A climate-controlled wine cellar is among the amenities at 111 Castlereagh.
The building houses just 98 residences and has a plethora of amenities, including a heated outdoor pool, fitness studio and yoga deck, al fresco entertaining terrace with barbecue facilities and a terrace overlooking Hyde Park.
Inside, there’s a residents-only lounge, concierge services, a bookable events space called The Archibald Room, a climate-controlled wine cellar and a private dining room equipped with board-room capability.
Topping it all off are elevated gardens with views overlooking the Sydney Harbour, plus a dedicated dog park.
