Cbus’ 111-121 Castlereagh Street will be one of the most landmark developments in the city.
THE PROJECT AT A GLANCE
- Client
- Cbus Property
- Project Value
- $300+m
- Location
- 111-121 Castlereagh Street, Sydney
- Services
- Project Management, Superintendency
- Completion
- 2023
The development comprises 101 luxury apartments that sit above a heritage podium (the former David Jones Department Store), with 11,500 sqm of premium-grade office space (developed by Cbus Property) and a 6,200 sqm extension of Westfield Sydney’s luxury retail offering (developed by Scentre Group).
The commercial component (121 Castlereagh) is a transformation of the original David Jones Men’s Store into a modern workspace.
The residential apartments ( 111 Castlereagh ) offer high-end finishes throughout, and a unique and challenging structural design supported by 6 mega columns over the heritage podium. The curved facade and core working hard on the south elevation, all add to the overall complexities of a superior product for Cbus Property. The design also includes; rooftop gardens, a swimming pool, wine storage, a gymnasium, a lounge, and private dining facilities.
Planning in a sustainable way
The commercial building is targetting a 6-Star Green Star, WELL Platinum, and a 5.5 NABERS Energy rating. Spread across six levels, the workspaces will be connected by a central atrium. The floors have 2,030 sqm of exposed heritage elements.
Our role
Essence’s role for Cbus Property includes full project management services and superintendency of the D&C contract. The project has several complex challenges that Essence was able to advise on and resolve during the project, including authority approvals, latent conditions, and JV coordination.
THE PROJECT AT A GLANCE
- Client
- Cbus Property
- Project Value
- $300+m
- Location
- 111-121 Castlereagh Street, Sydney
- Services
- Project Management, Superintendency
- Completion
- 2023
Complexities
- Significant structural modification within an existing heritage building.
- Complexities of three uses within one project envelope including shared services and ownership
- Construction staging and staged completion/occupation
- AVPS (96 car stacker , 2 truck lifts and 13 lifts to cater for mixed use development).
Benefits
- Providing expertise with complex heritage buildings with extensive structural modifications.
- Contract negotiations to improve project outcome.
- Risk identification and resolution with ongoing management
On 111-121 Castlereagh Street, Essence has demonstrated an ability to evaluate the project’s design to identify inefficiencies and yield opportunities for revenue uplift. This has been achieved by actively challenging the design team to maximise efficiency and effectiveness. In value management Essence has brought an emphasis on value creation – focusing on quality rather than simply cost-cutting.CHRIS PRATT, SENIOR DEVELOPMENT
MANAGER, CBUS PROPERTY
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