Subiaco’s Station Street markets look likely to be replaced by an $80 million redevelopment that will include Coles and Target as major tenants.
The redevelopment, which will also include space for smaller retailers, cafes and small bars, has long been planned and a development application was lodged with the Metropolitan Redevelopment Authority this week.
It is understood stallholders at the undercover markets, which are among Perth’s biggest, were informed last week.
It is unclear if the City of Subiaco will consider freeing up an alternate site for the markets to be relocated.
Developer Greg Pearce said he understood some people would be “bitterly disappointed” by the likely closure of the markets but the site’s use as markets had always been temporary. He said he hoped the council would consider relocating the markets to an alternate site.