7 Jun 2021

Cbus Property to transform city living with 111 Castlereagh Street – on sale now

JUNE 2021

Luxury residences at Cbus Property’s $1 billion mixed-use development at 111 Castlereagh Street, Sydney, went on sale from Monday, 07 June 2021. The exclusive display gallery is open by private appointment only.

Designed by award-winning architects fjmtstudio, the city-shaping project will usher in a new age of living, working and retail in the heart of Sydney’s luxury shopping and entertainment district.

Cbus Property’s Chief Executive Officer, Adrian Pozzo, said the landmark project celebrated the building’s legacy but would transform the CBD lifestyle for future generations.

High above the busy city streets, the tranquil residences sit atop the classic Art Deco building and draw inspiration from the curved form of the new residential tower. A seamless blend of bold architecture and contemporary design, generosity and space are at the heart of the meticulous planning of the 101 high-end residences.

Buyers will enjoy a sophisticated scheme of natural tones and textures, offset by statement elements, which can be tailored to three different design palettes. Spacious living rooms and bedrooms enjoy extensive floor-to-ceiling glass, flooding the space with light and offering connection to the striking views of city life, across the lush canopies of Hyde Park and beyond to Sydney Harbour.

“The tower’s curvilinear architecture means the boutique apartments and penthouses appear to be bear no load, floating above the heritage building below, while offering residents a premium address with the city’s most coveted views,” Mr Pozzo said.

“A concierge service will help residents with social bookings across the city or to reserve one of the two private event spaces, The Retreat and The Archibald Room, while a climate-controlled wine cellar will be available to some.”

The original Hawkesbury sandstone façade of the David Jones department store is being retained, with a luxury retail precinct across six floors and 11,500 square metres of premium serviced office space from floors seven to 12.

Above the heritage podium, a 22-storey tower will offer a rare collection of one-, two-, three- and four-bedroom luxury residences and penthouses that can be customised to suit each resident. The penthouses feature their own distinctive colour palettes, boasting natural stone floors and sculptural brass joinery, for an elevated sense of living. The Penthouse Collection at 111 Castlereagh will be released separately.

Exclusive to residents, the private rooftop oasis features a private swimming pool, gym with outdoor yoga facilities, podium gardens and extensive wrap-around terraces. Other first-class amenity includes an open-air lounge and dining room with AV capability, catering kitchen, secure climate-controlled wine cellar, automated valet and electric vehicle charging.

Colliers has been appointed to act as the selling agent for 111 Castlereagh (residential) and leasing agent for 121 Castlereagh (commercial).

Peter Chittenden, Managing Director Residential, Colliers International anticipates the majority of buyers will be local owner-occupiers seeking sophisticated inner-city living.

“We’ve already seen very strong interest from buyers looking for boutique apartment living within the heart of Sydney’s CBD and with only 101 residences, this is a truly rare and exclusive opportunity,” he said.

“Sydneysiders have fond memories about going into the city to visit David Jones, whether it be to buy a special outfit, enjoy dining experiences, or to take in the Christmas window displays. The buyers of 111 Castlereagh will connect with the site’s heritage and prime Hyde Park location.

“Everything is at your doorstep – Hyde Park, world-class shopping, cafes, restaurants and theatres. The unrivalled amenity and the lifestyle 111 Castlereagh provides will appeal to both local and international buyers.”

In line with Cbus Property’s commitment to net-zero emissions across its portfolio by 2030, the commercial precinct at 121 Castlereagh is targeting a 5 Star Green Star rating, 5.5 star NABERS Energy rating and a WELL Gold rating.

A central atrium will visually connect the premium commercial space to the eagerly anticipated retail expansion of Westfield Sydney below – the city’s landmark luxury retail offering.

Construction of the project, which will create approximately 2,000 jobs throughout its duration, commenced in November 2020, with completion of the residential tower slated for the third quarter of 2023.

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