The Broadway shopping centre is located in one of the two former Grace BrosBroadway buildings which opened in 1923, the other building now housing university student accommodation. Walker Corporation undertook the restoration of the buildings to include university student accommodation and a shopping centre in 1997. The shopping centre opened in 1998 and was owned and managed by Walker Corporation until its sale to Mirvac in 2006. In 2007, an additional floor of shops was added to the original centre. On February 12, 2008, just after 1:30pm a fire was reported due to an electrical substation fire in the lower levels of the shopping centre. No one was injured, however emergency services rescued shoppers trapped in lifts, which had no power due to the fire.