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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 - 500+ Car Spaces 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 which officially opened 1 December 2019, is one of the largest and most exciting construction projects ever delivered in the City of Stonnington. It also features a 500+ car park which conveniently provides shoppers and retailers in the surrounding Chapel Street precinct with 24 hours of underground parking. 

Prahran Square

Prahran Square will will become an iconic cultural and recreational destination for residents, traders, shoppers and visitors to Stonnington, with spaces for quiet contemplation or vibrant community events.

The Square provides 500 underground car parking spaces for shopper convenience.

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.