A $235 million plan to resuscitate Subiaco Pavilion Market will revitalise Subiaco, developer Blackburne Property Group says.

Managing director Paul Blackburne told The West Australian that Blackburne has asked the City of Subiaco to approve a three-building development it believes will “bring back joy” and create jobs.

The 250-apartment development will be 24 storeys at its highest point.

The derelict market site, unused for a decade, is opposite Subiaco station. Its previous owner fought a long battle to get approval for 292 apartments and 16 storeys.

Mr Blackburne, who bought the site for $25 million, has already unveiled plans for a market hall concept. He said he had had an enthusiastic response to plans to create a village hub.

Camera Icon Subiaco Pavilion Market Credit: supplied

As well as the markets, with 2600sqm of retail, food and drink space, the developer plans 1100sqm of public laneway space, a town square on Seddon Street, a pocket park and up to 90 pop-up stalls on Seddon Street on evenings and weekends.

The complex is in three buildings but the ground floor is to be devoted to the market, pedestrian lanes and public space.

The seven-storey Rokeby, with office and 34 apartments, is on the corner of Rokeby and Roberts roads; a six-storey Roberts building, on Roberts Road, has 86 apartments; and the tall, slim 24-storey Seddon building, with 130 apartments, is on Seddon Street.

There will be parking for 517 cars, 404 bays for residents and 115 public bays.

“Bringing the markets back and developing three iconic buildings on this site will create a new gateway into Subiaco and transform the Rokeby Road shopping and entertainment area,” Mr Blackburne said. “The redeveloped Pavilion Market will become the No.1 meeting place for locals.

“ This site is too important for Subiaco’s future to leave abandoned, unloved and derelict.”

Subiaco mayor Penny Taylor said Blackburne should be congratulated for getting plans ready in less than six months.

“Everyone wants to see something happen in this iconic location,” she said.

Mr Blackburne was hopeful the project would be approved by early next year. Building could start before the end of the year and be finished by December 2021.

It would create jobs, benefit local businesses and attract visitors, he said.