Construction on the Preston Market began in October 1969 when Preston Mayor W. K. Larkins drove home the first stake in the site of the former Broadhurst Tannery. The original investment in the site was $2 million.
The market opened in 1970 and by 1976 the market had grown to include 46 green grocers, 15 delicatessens, 4 fish shops, 4 poultry shops, 19 butchers and a variety of small goods shops including toys, clothes, carpets, plants, and sporting goods.
In 2004 the owners of Preston Market, Centro MCS, sold the property to Salta Properties for $36.75 million. The new company plans to renovate the site.
Carroll, Brian & Rule, Ian (1985). Preston: an Illustrated History. Preston: City of Preston.
Preston Post Times (Melbourne), Newspaper, Preston 1978 -