THE Subiaco Pavilion Markets will make a comeback and are set to boost the local economy, according to Western Suburbs Business Association (WSBA) president Mark Hann.
“The diversity of traffic that comes into those sort of places, I can’t think of anything but positive impact on the whole economy of the precinct,” Mr Hann said.
Blackburne purchased the 5451sq m site earlier this year for $25 million, after a decade of inaction at the space.
Managing director Paul Blackburne said the ground floor of the site would be used for dining, retail and markets.
Pop-up markets would operate over the weekends and are expected to attract thousands of visitors.
The development will also include the creation of a Subi Pocket Park.
He said the $250 million development would open to Seddon Street and be accessible direct from the Subiaco Station side of the site.
“We think the ground level site is big enough to accommodate an internal pocket park that will connect the undercover market and food and beverage areas,” he said.
“This pocket park will be just 250 metres from Subiaco Station, so a nice easy walk to enjoy the atmosphere and then get something to eat and drink.”
Mr Blackburne said the developer would make reference to the physical and social heritage of the site.
“There will be industrial style roof beams and trusses and nearly two storey height,” he said.
Mr Blackburne said feedback identified community enthusiasm for a real market-style laneway through the site.
“An image below shows what could be an active laneway running through the site from Seddon Street towards Roberts Road, and parallel to Rokeby Road,” he said.
“It will contain a range of contemporary food outlets that are small and allow people to grab and go, sit down for a while, or stand more casual style at a high table or bench.”
Construction of the site will commence in late 2019.