July 2021
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…