103 Beach Street (formerly The Beacon Cove Foodstore)
The site was purchased by Sydney-based developer Ilya Melnikoff in July 2021 for $16.65 million. This will be only their second project in Melbourne – the first being in Albert St, East Melbourne.
The 1400 sq m site was acquired from Melbourne developer V-Leader, which paid $11.2 million for it in 2017.
The development will be re-branded as Pier 103 Waterfront Residences.
The last trading day for the IGA Beacon Cove Foodstore was 3 April 2020.
|Beacon Cove Foodstore, April 2020|
VCAT issued planning permit 673/2015 on 6 February 2017. The permit allowed for the construction of a three storey building containing a supermarket and restaurant at ground level and 14 dwellings above and a reduction of the car parking and loading bay requirements.
An amendment to that permit was sought. It proposed the addition of an extra storey to create a four storey (15.1m high) building, the reduction of the number of dwellings (from 14 to 12), rearrangement of the basement car park, modify car parking (including car parking to the north of the site) and reduce the clearance height of the building above the shared path on the eastern side of the site and internal changes.
The City of Port Phillip supported the amendment and a permit with conditions was issued. (see City of Port Phillip planning report 27 November 2019)
Simon Johanson reports in the Age (1 April 2015) that
“Melbourne-based boutique developer Key Infrastructure Australia, which purchased the Beacon Cove food store in December last year, is well under way with plans to demolish the shop and replace it with a three-level, 15 unit project with views of the water.
Barry Gale, chief executive, said that ‘his company was working closely with residents and the council to develop plans that were suitable to the area’.”
|The Beacon Cove Foodstore 2015|