The Queen Victoria Market will continue to operate throughout its proposed renewal project, estimated to cost $250m.
City of Melbourne Lord Mayor Robert Doyle recently released details on the revitalisation of the iconic site, located on the corner of Peel and Victoria Streets near the boundary of West Melbourne, Victoria and adjacent to the old Melbourne Wholesale Markets that moved to Epping last year.
He said the project will see the creation of public open spaces, as well as new below-ground facilities for traders and restoration works on heritage sheds.
The famous landmark, which is regularly featured on Postcards and tourist Brochures, is the largest surviving 19th-Century market in Melbourne, and the Lord Mayor said Council wants to secure its future by making it safer and viable for traders, while also adding to its appeal to shoppers.
Lord Mayor Doyle said more than 50% of the renewal works will be directed to activities below ground, including dedicated loading and delivery docks, storage facilities, and cool rooms. The aim, he added, was to improve the safety of the markets and operations for traders, as well as to create additional space for shoppers and market trade.
When complete, the project is expected to create up to 12,000 jobs.
The Lord Mayor said the renewal works are expected to be complete in five years, with many individual projects anticipated to be finalised within two years of commencement.
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