The Prague Market industrial monument is perceived as a unique area in the city space, whose location, historical legacy and size goes beyond the local character of Holešovice. The area has the potential to become an attractive center for 21st century social life for a wide community of people of all ages. After its revitalization, the area will be filled with an appropriate mix including retail, services, culture, gastronomy and leisure activities.

The City of Prague regained control of the entire complex in 2019 after winning a court case against the previous tenant. As an important condition for the development of the market is an emphasis on the long-term sustainability of operation from the functional and economic perspectives, the city commissioned two expert conceptual studies in 2019 and 2020. The economic "Verification Study for the Development of Prague Market" was prepared by a consortium of 4ct and JLL in cooperation with IPR Prague, and was followed by an urbanistic-architectural study by the CMC architects studio. The two documents outline the direction of long-term development for the next 15 to 20 years. The immediate priority of the construction work is preparation for the reconstruction of utility networks and especially the reconstruction of the listed former slaughterhouse building, which has been in a state of disrepair for many years. Before the construction work has even started, the market is already hosting a pop-up cultural program for all generations, complemented by a new food service. The popular vegetable and fruit market will continue to be there, for example, while the Showpark brothel has been given notice by the city.