LOCAL AREA COMMERCIAL & RESIDENTIAL DEVELOPMENTS

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.

Prahran Square Now Open

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.

Prahran High School – 144 High Street Prahran

Status: Opened January 2019
Project: 4 Storey Vertical High School For 650 Students
Project Cost: $25M
Distance From Pran Central: Approx. 0.6Km
Developer: Victorian School Building Authority

Hunter Prahran Apartments - 14 -18 Porter Street, Prahran

Status: Completed March 2019
Usage: 89 One To Three Bedroom Apartments Over 4 Floors
Distance From Pran Central: Approx. 0.9km
Developer: Itum

Capital Grand - 241 Toorak Rd, South Yarra

Status: Under construction.
Expected completion date End 2019
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: Construction Commenced January 2018
Expected To Be Completed By: To Be Advised
Usage: 72 One To Three Bedroom Apartments Over 20 Floors
Site Area: 488sqm
Distance From Pran Central: Approx. 1.1km
Developer: Mitraland - Malaysia
Builder: Veleo Construction 9686 2588

The Jam Factory – 500 Chapel Street, South Yarra

Status: Development Announced October 2017
Expected completed date to be advised
Cost Of Development: $500 M
Usage: Retail, Cinemas, Dining And Office Space With Capacity To House 5,000 Employees
Active Network Of Laneways Connected By A Central Plaza
Distance From Pran Central: Approx. 0.5km
Developer: Newmark Capital

671 Chapel Street, South Yarra

Status: Approval Granted
Commencement Date: Yet To Be Advised
Expected To Be Completed By: Yet To Be Advised
Cost: $115M
Usage: 30 Level Storey Tower, 158 Apartments, 2 Levels Of Office Space, Retail And Five Levels Of Basement Car Park
Distance From Pran Central: Approx. 1.5km
Developer: Lantern River Pty Ltd

Aloft Hotel - 402-406 Chapel Street, South Yarra

•Status: Permit approved 2016

•Start Date: To be advised

•Size: 3,306m2

•Cost of Development: $63 million

•Ground level/level 1: Small retail including café, restaurant and GYM

•Office level 1:

•Buildings: 1 compromising 11 floor building

•Residencies: 87 (level 2-11)

•Hotel Rooms: 157

•Townhouses: 7

•Distance from Pran Central: Approx. 250m

•Developer: Spotlight Group, Fraid and Fried Families

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

627 Chapel Street South Yarra

Status: Start date end 2019. Completion end 2021
Usage: 24 Office tower with 24,000m2 of office space. Ground floor retailing including Restaurants and Cafes
Distance From Pran Central: Approx. 450m
Cost: $300 million
Developer: Point Polaris

Development Overview and Locations

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 addtional estimated 867 new residents to the precinct by 2023.