Uncertainty for sellers
SUBIACO Station Street Market stallholders are “in limbo” because consideration of $80 million redevelopment plans have been postponed until February.
Commercial developer Greg Pearce exclusively told the Western Suburbs Weekly last Wednesday that he agreed with the Metropolitan Redevelopment Authority (MRA) to defer its December 17 meeting and consider the development application in mid-February.
The proposed joint project between Mr Pearce and owner Seafocus Holdings will include a Coles, Target, specialty stores and office space.
Market stallholders were told last week that they could now trade to the end of February.
TR & TR Fruit and Veg owner Diep Tran said it was incredibly stressful trading “month to month” without knowing when the markets would close.
“First we were going to close before Christmas, then it was extended to December 31, then the end of January and now it could be March,” Ms Tran said.
“I can feel the blade hanging above my head.
“We do not know if we can go forward or back. We are in limbo. This is just a deferral; we need to know a definite date. Otherwise, the uncertainty is just being dragged out.”
Tubs Gourmet Gelato, Icey Ice, La Galette de France and a clothing shop have already left the markets.
Mr Pearce said he had resolved a “major issue” of traffic congestion after lodging final traffic reports with the MRA yesterday.
He said the traffic issues did not concern State Government black spot funding for a roundabout at the Hood and Station streets intersection, as it was already part of the design.
“The effect of what has happened is that while we have been focusing all our time and energy on that issue, we have not had time to address the other issues like design and shape of the building,” Mr Pearce said.
“We will take the period between then and now to really define the design issues that need to be addressed.
“Instead of rushing it just because we have to, it is much better to step back and work on those remaining issues and move towards achieving some real design excellence. I can confirm the meeting will not be extended beyond February.”
Mayor Heather Henderson said it was “wonderful” that the stallholders were able to trade through the summer months.
Station Street Markets in Subiaco will continue trading until at least the end of February.