Essex Street, Prahran
We’re redeveloping Essex Street in Prahran together with our not-for-profit project partner Building Communities, including builder ICON. The aim of the project is to provide more social, affordable rental, market rental and specialist disability accommodation homes.
The 63 previous homes at the site were not fit-for-purpose and did not comply with modern design standards. The project will replace these outdated dwellings with 155 modern and energy efficient homes, with a mix of one, 2, 3 and 4 bedrooms to suit the needs of different households.
Project timeline
December 2021
2021-2023
Late 2024
2026
Ground Lease Model
All new homes at Essex Street will be delivered through a first-of-its kind Ground Lease Model, where Homes Victoria leases the land to not-for-profit project partner, Building Communities, to finance, design and build the new homes. Once construction is complete, community housing organisation Community Housing Limited, will be responsible for managing and maintaining the new homes at the site for the next 40 years, enabling the land to remain in public ownership.
Projects like this are helping to tackle housing affordability by delivering more rental housing options in places where people want to live.
Construction is now underway
Construction of the new homes is now underway and on track for delivery from late 2026.
There will be no construction on site over the holiday period between 20 December 2024 and 13 January 2025.
If you have any questions or concerns about works underway at the Simmons Street housing site, please contact ICON’s 24-hour hotline on (03) 9389 3619 or email community.questions@icon.co.
Find out about community engagement events, new designs and works updates as they become available.
Latest news
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Construction of new homes underway at Essex Street, Prahran
The construction of new homes at the Essex Street site in Prahran is officially underway and is on track for completion by late 2026. This exciting development aims to provide much-needed housing in the community.
Frequently asked questions
What will be built on the site?
What will the new homes look like?
What community consultation has taken place?
What is the Ground Lease Model?
Get in touch
For more information about this project, please send us an email. You can also contact ICON's 24-hour hotline.