Grants and incentives of up to $500,000 are being offered to retailers looking to establish new stores and restaurants at Portside Wharf in Hamilton.
Read: Brookfield Proposes Innovative Built-to-Rent Development at Portside Wharf, Hamilton
The incentives are part of a $20 million program by Brookfield Properties to revitalise the mixed-use riverfront precinct ahead of the 2032 Brisbane Summer Olympics.
Up to 23 packages, ranging from $50,000 to $500,000, will be available to assist retailers with costs associated with opening new stores. This includes help with fit-out and design expenses, marketing support, and other startup costs. The aim is to curate a mix of retailers that align with the vision for the waterfront village.
“We want to work with like-minded operators who will become an integral part of Hamilton and Brisbane at large,” said Brookfield Properties Executive Vice President Lee Butterworth.
With thousands of residents and workers in the area, along with a surge expected as the Olympics approach, Butterworth said the incentives will bring new energy to the village.
“This is our way of ensuring we bring the right partners to Portside and inject new energy into our village by the water. We’ll be making opportunities available for established businesses, emerging businesses and entrepreneurs,” said Mr Butterworth.
Retailers focused on health, wellness, waterfront dining, boutiques, and convenience are invited to apply.
The revitalisation of Portside Wharf kicked off in 2023 with the addition of several new dining establishments. Fine dining seafood restaurant Fosh, led by renowned Brisbane restaurateur Michael Tassis, opened to offer upscale waterfront fare.
French bakery and tea salon Rise Bakery brought Parisian breads and pastries to the village. Yakitori bar Bird’s Nest opened for Japanese skewers and shared plates. Artisanal gelato purveyor Rosé Gelateria also launched to provide frozen Italian treats.
The latest addition is Portside Social, a new 224 sqm venue modelled after the popular Newstead Social. Other upcoming openings include sushi restaurant Choo Choo Sushi and Chinese eatery Uncle Wang.
Interested retailers can apply for the incentives before April 19 at inportsidewharf.com.au. With the revitalisation underway, Portside Wharf aims to become a thriving retail and dining destination along Brisbane’s waterfront.
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Published 23-February-2024
