The first pub in the Frankston area, the Cannanuke Inn, was located near the southeast corner of the intersection (on the present site of the Frankston Mechanics' Institute at 1 Plowman Place). It was built by pre-emptive Frankston settler James Davey in the mid-1840s. The first hotel on a corner of the intersection, the Frankston Hotel, located on its northwest corner, was licensed on 12 December 1854. The second, the Bay View Hotel, located on its northeast corner, was licensed on 15 November 1873. It was built by James Davey's grandson William Davey Jr. The third, the Prince of Wales Hotel, located on its southwest corner, was licensed on 8 December 1884. They have all been remodelled or demolished and rebuilt over the years.