The designer Sydney residences sparking global buyer attention
Original Source: realestate.com.au
Set in a landmark location in the heart of Sydney’s CBD, this exclusive $1 billion development is a truly prestigious prospect for inner-city living.
A boutique collection of residences positioned above the former David Jones menswear store, 111 Castlereagh by Cbus Property is an elegant, curved tower that blends heritage inspiration with hotel-style amenity for the best of both worlds.
Unsurprisingly, the development is capturing attention from local, interstate and international buyers seeking a conveniently central pied-a-terre or residence to call home.
111 Castlereagh is currently under construction in a tightly held locale near a wealth of Sydney icons, including Hyde Park, Botanical Gardens, the harbour and the city’s world-renowned arts, theatre and designer shopping precincts.
Coveted address
There are only 98 residences in the entire building, from exceptional one-, two- and three-bedroom apartments through to sprawling four-bedroom homes in the sold-out Skyhome and Penthouse collections.
This makes 111 Castlereagh appealing to a range of prestige buyers – from downsizers looking for a full-time residence, to interstate and international buyers seeking a city pad when visiting.
Most residences will have sweeping park views stretching to the majesty of Sydney Harbour.
The lavish residences at 111 Castlereagh offer sweeping views of Sydney landmarks.
“Rising above Hyde Park, 111 Castlereagh will stand out on the Sydney skyline, yet feel as if it has always been part of the city fabric,” says Cbus Property Chief Executive Officer, Adrian Pozzo.
“We envisage residents of 111 Castlereagh making the most of the incredible Sydney CBD location and surrounding amenity, with Hyde Park, The Domain, Sydney Harbour and a long list of coveted fashion houses, restaurants, theatres, art galleries and museums all at your doorstep – not to mention easy access to public transport.”
Sydney’s high-end boutiques can be found around Castlereagh Street, while the Pitt Street retail mall is just minutes away. Residents will also be able to walk to the Art Gallery of NSW and the Opera House.
An exclusive prospect for prospective buyers
Market demand for smaller-sized residences far outweighs supply in the Sydney CBD.
A significant portion of residences at 111 Castlereagh – anticipated for completion in mid-2025 – are designed for those looking for a more modest floor plan.
“Single person households are one of the fastest-growing types, with between 3 million and 3.5 million people projected to be living alone in 2041,” says Eleanor Creagh, senior economist at PropTrack.
“At the same time, the share of larger dwellings has consistently increased while the share of Australian dwelling stock with two bedrooms or less has fallen over the past 30 years.
“This suggests that we’re not building the right mix of residential dwelling structures that are rightsized for demographic changes.”
Set atop the former David Jones menswear building, 111 Castlereagh is in one of Sydney’s most prestigious pockets.
Cbus Property has appointed Colliers to market 111 Castlereagh, with National Director of Residential, Blake Schulze, saying his team was seeing strong buyer interest from Sydney’s eastern suburbs and the Lower North Shore, as well as further afield.
“A really interesting segment of the market is the regional and interstate buyers – whether it be North Coast, South Coast, Southern Highlands and even interstate,” Schulze says.
“They’re wanting to buy a residence within 111 Castlereagh… but they’re not always based in Sydney.
“A number of our purchasers are travelling quite a bit for work and they want a home in the heart of the Sydney CBD.”
Opulence by design
Architecturally designed by Sydney-based fjcstudio, 111 Castlereagh offers a unique balance of old and new.
Seemingly suspended above the renowned former David Jones menswear store, the residences retain some of the store’s art deco features, reimagined for a new era.
“The ingenious innovation, architecture and engineering of 111 Castlereagh draw parallels with the cutting-edge design of the original David Jones building, which also set a benchmark for development at the time,” says Pozzo.
“It is a timeless symbol of transformation, celebrating the history and legacy of the former department store, while offering unparalleled amenity for future residents, businesses and customers.”
The high level of amenity reflects a prestigious hotel-style experience.
The fjcstudio team is responsible for the entire development’s design – from the interiors to the landscaping – resulting in a cohesive, considered and elevated aesthetic.
Many of the fixtures and fittings are custom-designed, and appliances come from high-end suppliers like Sub-Zero, Gaggenau and Wolf. Select residences also include Vintec wine cabinets.
111 Castlereagh’s residences are available in three different interior design palettes utilising a range of exquisite materials to suit each purchaser’s individual style.
Despite being geared towards pied-a-terre buyers and downsizers, the large-format residences are generously sized.
From the one-bedroom residences to the skyhomes, there is no shortage of room to move both indoors and outdoors, with open layouts and full-width terraces that provide plenty of capacity to entertain.
Natural light is also in abundance thanks to the north-east aspect and wide frontages.
For utmost convenience, residents will appreciate home automation features to control the lighting, shading and climate.
Opulence at every turn.
Hotel-style convenience
Outside their abodes, residents can make use of a vast selection of amenities and services that wouldn’t look out of place in the most luxurious hotels.
Every residence has
exclusive access to two levels of landscaped rooftop gardens.
There’s a heated open-air swimming pool, fitness studio, residents’ lounge, climate-controlled wine cellar, dining room, and al fresco entertaining terraces to host larger groups of guests.
Residents can also enjoy the building’s dedicated concierge service, which can help with personal shopping, catering and entertainment bookings, along with numerous other requests.
“There are so many ways to spend your day with 111 Castlereagh as your home base,” Pozzo says.
“The world is your oyster.”