The stop and interchange was demolished in April 2018, to facilitate the construction of the underground Anzac railway station as part of the Melbourne Metro Rail Project.

It served as a means of diverting trams around the works on St Kilda Road without necessitating the construction of temporary track, and connected with the existing Sturt Street line.

The Toorak cable tram line was converted to electric traction following the completion of St Kilda Road's conversion.

[2][3][4][5] On 17 November 1986 the stop was reopened after being rebuilt, with shelters and a third track added to allow route 55 trams to terminate without inhibiting through services.

[18][19][20] The tracks were realigned around a new Anzac Station tram stop, located to the south of Domain Interchange, which opened in December 2022.