A new commercial market will open its doors to the public in Melbourne’s CBD on Thursday.
The Cargo Market is set to open in the CBD at 10am, and is being billed as the city’s first “local, open-air marketplace” for commercial projects.
Commercial Projects Melbourne is an initiative of Melbourne City Council which has been in the planning stages for more than three years.
The site has been under development for over a year and has received funding from the Melbourne City Infrastructure and Economic Development Agency.
The project is to be managed by Cargo Markets Victoria, which is a subsidiary of Cargo Market Management.
It will be the first commercial market in the city to open up to the general public.
The commercial projects team said it was aiming to have around 10,000 square metres of space available in the first three months.
“Cargo Markets Melbourne is about creating a new kind of retail and economic hub for Melbourne,” a spokesperson for the project said.
“We’re excited to be working with Cargo Markets Melbourne to build a truly open-floor marketplace.”
The first commercial project to open is set for a project in the area of the old AIMA (Australian Industrial Park) on St Kilda Road.
It is believed the project is the first of its kind in Melbourne.
The other projects set to be announced are a project on the edge of the CBD on Swanston Street in the north of the city, a project near the intersection of the Queen Elizabeth II Bridge, and a commercial project on Queen St in the south of the City.