Retail Opportunities

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 867 new residents to the precinct in 2026.

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THE JAM FACTORY – 500 CHAPEL STREET, SOUTH YARRA

  • Status: New development plans announced July 2024
  • Expected completed by 2027
  • Cost Of Development: $2.75B
  • Usage: Public Civic Space ( two-level plaza and amphitheatre), 3 luxury residential towers totalling over 400 ultra-luxury residences, 2 luxury hotels 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: GURNER™ and Qualitas
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182 commercial road, prahran

  • Status: Planning
  • Usage: A mixed-use project with high end apartments Currently zoned as an activity centre - 1,087sqm building, ground floor retail comprising of 6 stores and upstairs offices.
  • Distance From Pran Central: Approx. 0.1kms
  • Developer: Beulah


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671 CHAPEL STREET, SOUTH YARRA

  • Status: Demolition
  • Usage: 22-level tower, with a mix of apartments (160 apartments featuring 30 one-bedroom, 91 two-bedroom, 37 three-bedroom and two penthouses).  A 3 level podium featuring 1,364sqm of office space, 272 sqm retail and 352 sqm reserved for education or community space. 
  • Land Size: 2,069 sqm site
  • Distance From Pran Central: Approx. 0.5kms
  • Developer: GFM Investment Group  (Daniel Grollo)


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Club Maison apartments

145 -151 high STREET, prahran

  • Status: planning underway
  • Proposed usage: 45 luxury apartments above a heritage building (bluestone church/Sunday school hall), a mix of guest suites and own your own. A level of club commercial space & ground floor restaurant and bar.
  • Distance From Pran Central: 700m
  • Developer: GURNER






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430 - 438 CHAPEL STREET, SOUTH YARRA

  • Status: Permit ready and currently for sale
  • 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: The Simonds Group
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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 2024.