Broadway was once a major retailing centre, and for 90 years was home to the flagship complex of department store chain Grace Brothers. The complex consisted of two stores on either side of Bay Street. It was visited by Queen Elizabeth II during her 1954 visit to Australia. Retailing on Broadway declined and the store was eventually closed in 1995. Today this site contains the Broadway Shopping Centre on the western side and the UniLodge on Broadway on the eastern side.