Open Today
9:00am - 5:00pm

The major residential and commercial projects that are under construction, within a 1km radius to Pran Central, will attract an estimated 370 new residents to the Chapel Street precinct during FY20 and an additional estimated 867 new residents to the precinct by 2023.

The Jam Factory – 500 Chapel Street, South Yarra

  • Status: New development plans announced September 2021
  • Expected completed by 2025
  • Cost Of Development: $1.4B
  • Usage: Public Civic Space ( two-level plaza and amphitheatre), 4 luxury residential towers totalling over 400 ultra-luxury residences, 5-star hotel with 180 rooms, 3 levels of retail and entertainment including Cinemas. Retail, Cinemas, Office Space totaling 22,500m2 of NLA. 
  • A series of integrated laneways, based on the area’s original 1864 master plans 
  • Distance From Pran Central: Approx. 0.5km
  • Developer: Newmark Capital & GURNER™ and Qualitas

Greystar - Residential Towers

Status: Plans approved September 2021

Commencement Date: to be confirmed

Expected To Be Completed By: to be confirmed

Usage: 2 residential towers over a combined basement. Ground-level retail with 2,000 square metres of commercial office space with pedestrian through-link. Pedestrian laneway leading to South Yarra train station connecting residents to Melbourne's CBD. 

Residential details: Tower 1 is a 30 storey tower on Yarra Street, including 382 apartments. Tower 2 is a 21 storey tower on Claremont Street, housing 243 fully furnished flexible living apartments.

This development will create approximately 970 jobs during the construction phase and around 150 additional jobs through the office, retail and on-site management components post-completion.

Distance From Pran Central: Approx. 1.9km

Cost: $500 million

Developer: Greystar Real Estate Partners, LLC (“Greystar”) &  Fender Katsalidis (“FK”)

627 Chapel Street South Yarra

  • Status: Start date end 2019. Completion on track for November 2021
  • Usage: 24 Storey office tower with 24,000m2 of space. Ground floor retailing including restaurants and Cafes
  • NEW DEVELOPMENT: 200-person restaurant and rooftop bar
  • Distance From Pran Central: Approx. 450m
  • Cost: $300 million
  • Developer: Goldfields

Prahran Square Car Park

Prahran Square is the $60+ million transformation of the old Cato Street car park in Prahran, located directly opposite Pran Central, into almost 10,000m² of multifunctional urban parkland with underground car parking. 

Prahran Square features a 500+ car park which conveniently provides shoppers and retailers in the surrounding Chapel Street precinct with 24 hours of underground parking. 

Capital Grand - 241 Toorak Rd, South Yarra

  • Status: Completed & open
  • Usage: 76 Prestigious residences,  High end retail.
  • Distance From Pran Central: Approx. 0.5kms
  • Project cost: $800 million
  • Developer: LK Property Group

ESQUE Apartments – 649 Chapel Street, South Yarra

  • Status: Completed - now selling
  • Usage: 72 One to three bedroom apartments over 20 Floors
  • Site Area: 488sqm
  • Distance From Pran Central: Approx. 1.1km
  • Developer: Mitraland - Malaysia

671 Chapel Street, South Yarra

  • Status: Approval granted, expression of interest being taken by Emmets for occupancy, investment or development 
  • Distance From Pran Central: Approx. 1.5km
  • Developer: to be confirmed

430 - 438 Chapel Street, South Yarra

  • Status: Planning and assessment
  • Cost: $55M
  • Usage: 7 Level Mixed Use On A 800m2 Site, 550m2 Of Retail And Office Space Over First Two Levels And 22 Apartments Above
  • Distance From Pran Central: Approx. 450m
  • Developer: Franze Developments And The Sampieri Group

Development Overview and Locations

The major residential and commercial projects within a 1km radius to Pran Central attracted an estimated 370 new residents to the Chapel Street precinct during FY21 and an addtional estimated 867 new residents to the precinct by 2023.