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Melbourne CBD Retail: Businesses Return, Vacancies Tighten

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Celebrity chef Michael Lambie had been looking for a venue to open a new style of restaurant for a year and a half before he chanced on the perfect site at the perfect time – a renewed blaze of confidence in the Melbourne CBD.

“It just felt that the time was finally right,” said Lambie, the luminary behind Melbourne icons Stokehouse, Circa the Prince, Taxi Dining Room, Lucy Liu and The Smith.

“To open up in Melbourne right after COVID would have been suicidal and I wanted to allow some time for the economy to recover.

“But it now feels that Melbourne is bouncing back, with a lot of new businesses opening. I’m in the city most days and the really good places are really busy, so the money is definitely there. You just have to be good enough to persuade people to spend.”

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