Greek-style streetscape could entice start-ups

Aegean-blue fairy lights and Hellenic-style screens are part of the $1.8 million revamp of Little Greece in Melbourne’s CBD.

The $879,000 star-themed lighting installation, on the corner of Russell and Lonsdale streets, marks a new “gateway” to the dwindling precinct, highlighting an opportunity for start-ups.

Greek-themed glass screens have been added, plus new awnings for restaurants and shops. There are also plans to install new footpaths, and lighting in laneways, in the next few months.

The cultural revamp was bankrolled by the State Government and Melbourne City Council

According to long-time Londsale Street trader Spiro Caras, business has “dropped continuously” in the Greek precinct, although the new streetscape will hopefully provide a boost for business.

“They’ve given it a Greek village feel – it looks like a precinct now,” Caras says.

However, he says store owners in the area want more Greek businesses to open. If you have a background in hospitality or retail, and you’re looking for a new opportunity, this might be it.