This is great news for fans of the Boundary Street Markets, which had been set to close down for good this weekend.

The Boundary Street Markets had been set to have their final hurrah on April 23.

Three different markets are held at the former Absoe site on the corner of Boundary and Mollison streets each weekend, including a farmers’ markets and a night market with live entertainment and food stalls.

An $800 million residential development had appeared to spell doom for the markets, leading organisers to announce the closure of the event.

But in breaking news, event organisers have just announced that the Boundary Street Markets won’t be closing down after all.

Instead, they’ll be moving up the road and taking over Boundary Street, with the markets and The Motor Room (the markets’ live music component) relocating to The Boundary Hotel Rooftop Beer Garden and car park, and the Rumpus Room car park and warehouse.

The relocated markets will be held every Friday and Saturday from 5pm.

A relocation launch party — featuring hip hop crew Bankrupt Billionaires, 2Dogs (from Resin Dogs) and more — will be held at The Boundary Hotel on Friday 29 April.

Applications for stallholders will be available soon.

For more information, subscribe to Bmag and follow the Boundary Street Markets on Facebook.