Cbus Property and Brookfield launch Classic East Melbourne project

A joint project by Brookfield and Cbus Property, Classic Hirsch & Faigen, is set to restore the historic Clarendon Street Mosspennoch House into six prestige apartments.

Classic East Melbourne, located beside Pullman on the Park, is a collection of three unique residential buildings featuring 67 large-format apartment residences in total.

It will also add a new seven level building, 22 Clarendon, next to Mosspennoch, complete with 11 half-floor apartments and a full-floor penthouse with wrap-around balcony with 360 degree views. 

A new fourteen level building, Parade, on Wellington Parade, featuring 49 apartments, including two penthouses.

The development is Designed by Bates Smart, with heritage architect Lovell Chen overseeing the restoration of Mosspennoch.

Bates Smart Studio Director Steve Jones said they wanted to create a collection of residences that blends the requirements of contemporary lifestyle with the grand style of living that is synonymous with East Melbourne.

“As a landmark site it required a sophisticated architectural response that is as timeless as the suburb of East Melbourne itself, while incorporating stunning views to the surrounding Fitzroy Gardens and Yarra Park," he said.

"Outdoor living is integrated into the design with generous private resident gardens supplemented by individual terraces and balconies to each of the apartments."

Carl Schibrowski, head of development, Brookfield Property Partners in Australia, said the collection of residences were a unique proposition, not only for their location in tightly held East Melbourne, but also for their triple offering and sweeping views of the CBD, iconic MCG and surrounding suburbs. 

“This is an iconic parcel that commanded a special approach out of respect of the site’s heritage and location,” he said. 

“It is one of the most unique developments we have created and a project we are confident stands apart from anything else in the market. From the start we were very fixed on delivering a boutique offering in this suburb, which is known for its privacy and exclusivity. 

“We will also be investing significant capital into repositioning the Pullman on the Park arrival experience as well as food and beverage offering, delivering a completed precinct solution to this important East Melbourne location.” 

Cbus Property CEO, Adrian Pozzo said the partners were confident the market was strong and that the generously sized apartments would appeal to the ever-growing empty nester and upgrader markets. 

“Classic East Melbourne adds three luxury penthouses to the market and we know there is an appetite for these statement homes," he said.

"In 2008, 150 Clarendon set the benchmark with its $18.2 million penthouse sale, showing the market values these special properties.”

Mosspennoch and 22 Clarendon will be linked via a large private garden.

Parade will feature a large resident’s garden on level four.

The project marks the first joint venture for Brookfield and Cbus Property.

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