The site On 1 June 1837, the first auctions of blocks in what is now the Melbourne CBD took place. The block now occupied by the Collins Street portion of the arcade was purchased by William Briscoe & Son. The Briscoes Bulk Grain Store occupied the site from 1856 to 1883, building a large new premises in 1877. In 1883, the building was sold to the George brothers' George & George Federal Emporium, established in 1880 a few doors up, who refurbished the interior for their expanding drapery business (which would eventually become
Georges Store). Financier and landboomer Benjamin Fink was a director of the company, and by 1888 had plans to relocate the store and create an L-shaped arcade in the area, and began buying up properties. In 1888 Fink bought the Equitable Co-operative store at 162 Collins Street, and made it a branch of George's.
Construction At 6:15 pm on Friday 13 September 1889, a huge fire gutted the Georges Emporium, causing over AU$400,00 worth of damage, and accelerating Finks plans, with George's consolidated at the new site. The fire occurred at the height of the land boom of the 1880s, when Melbourne grew enormously and many large and elaborate hotels shops and office blocks rose in the city. The fire allowed the City Property & Co Pty Ltd (principal shareholder Benjamin Fink) to proceed with plans to create a sumptuous arcade on this central site, hiring architects Twentyman & Askew to design it, announced in January 1890, with the name 'The Block' revealed soon after. The Collins Street leg was built first, which was completed by late 1891, to little fanfare, with the grand opening of the whole arcade on 7 October 1893. The Collins Street leg has an angled kink because the site narrows part way up due to the presence of a narrow laneway on the west side. Originally known as Carpenters Lane, the City Property Co successfully petitioned to roof it, creating a covered access from the Block Arcade to Little Collins Street. This in turn led to the development of shops in the lane, which was soon renamed Block Place. In 1902,
Royal Arcade, which has been a dead end, was opened through to Little Collins Street creating a covered walk from Collins right through to Bourke Street. The design is often said to have been inspired by the 1870s
Galleria Vittorio in Milan, which has a similar domed crossing, but on a much vaster scale.
Ownership changes In the 1986, the arcade was purchased by the Time Corporation for AU$15 million. By 1991, Westpac took over the mortgage and sold the building to the Kearney family in 1993 at public auction. The Kearneys undertook extensive refurbishment, repairing the mosaic floors, repainting the interior in heritage colours, and renovating the office spaces above. In 2014, the Cohen family purchased the Block Arcade. The Cohen family have had long ties with Melbourne which date back to the 1840s, when Trevor Cohen's great-great-grandfather struck one of the first leases in Melbourne, for the ground floor of the nearby 'Cashmore's Corner' on the northeast corner of Collins and Elizabeth Streets, and where his great-grandmother was born. The Cohens are passionate about the precinct, and continue to maintain the Block Arcade to its former glory with an eye for detail.
Block Court arcade The building adjacent to the Block Arcade at 288-292 Collins Street was built in 1890 as the
Athenaeum Club, and in 1930 the ground floor was converted into an arcade. The works were designed by noted architect
Harry Norris, and the arcade is one of the earliest, and most elaborate, Art Deco interiors in Melbourne. This arcade originally connected through to the Block Arcade with the removal of one of the shopfronts in the Elizabeth Street wing. At some point this building was bought by the owners of the Block Arcade, and they are still in the same ownership. In the 1990s, as part of the restoration of the Block Arcade, the shop was reinstated, and the north end of the Block Court arcade was altered to create a large area shop (by removing the shopfronts and installing a false floor and ceiling) . In 2016, the Block Court arcade was partially restored to create a bank, uncovering the floor and ceiling, with access through the rear to a laneway and then into the Block Arcade. In mid 2024 the bank left and the shopfronts were fully reinstated.
The Barcade Boys In its heyday, The Block Arcade was a well known as a hangout for a young larrikin gang called "The Barcade Boys,” who dealt drugs by day and hired prostitutes by night. Their presence became so notorious that shopkeepers in the Block Arcade petitioned for increased police patrols to curb the escalating crime. Among the ranks of The Barcade Boys were smaller-time standover crews and larrikin gangs who reportedly idolised notorious figures like Squizzy Taylor and Snowy Cutmore, emulating their style and criminal ambition in the heart of the city. ==Notable shops==