ILOILO CENTRAL MARKET REDEVELOPMENT
Brief Project Description:
In line with Central Business District (CBD) Revitalization Program of the City of Iloilo, the redevelopment of the Iloilo Central Market is expected to boost business in the CBD. The proposed land use for the area is essentially a mix of commercial boutiques and shops; wet and dry market; and office spaces.
Proponent: Iloilo City Government
Proposed Site: Iloilo Central Market, City Proper, Iloilo City
Scale and Content:
The Redevelopment of the Iloilo Central Market will convert it into a mixed use commercial, residential and office space. The mixed use feature of the complex is an attraction that will make the area a destination place. The ground floor will remain as a wet market for the protection of the existing market stallholders which is also a draw in itself for the consuming public. The complex will have an open space that will serve as an arena for street commerce, performers and events for continuity of activity after office hours.The upper ground floor/s will be all for commercial, residential and office spaces, but may adopt the open space feature of the ground floor.
Preferred modality: Public-Private-Partnership
The Iloilo Central Market is owned by the Iloilo City Government. The total land area is more or less 1.4 hectares. The structure is 5-sided shade bounded by four streets – Iznart, Aldeguer, Rizal and Guanco Streets. The façade thereof is a heritage section and the rest is a public market complex. In the past, the whole market was burned down and was rebuilt by the city. The heritage building was revived and currently used as a commercial complex while the rest of the structures are independent buildings consisting of interconnected shops and stalls. At present, the complex continues to be utilized as a market but the entire structure is not being used to its maximum.