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This new market constructing was constructed of wood with room for market stalls on the bottom flooring and a properly-lit upper floor for use for public conferences. The Upper Town market was transformed into a town corridor and remained this way until 1878, when it was demolished to make means for a brand new city hall. The debate for the positioning of the market started nearly as quickly as the primary council was elected. Lower Town had the political benefit, because it was entitled to 4 councillors out of seven elected. Lower Town enjoyed a number of other advantages over Upper Town for the location of a market building. Lower Town was linked with the outlying farming areas that extended from Gloucester Township to Russell and Prescott Counties.

Lower Town was already an established business centre for goods and its citizens wished to maintain the main services there to forestall a population and economic shift to Upper Town. In the 1830s, Lower Town enjoyed a period of fast business progress. Stores of each description, hotels, taverns and industrial buildings sprang up throughout the market space. The first sawmill in Bytown was erected on York Street and was driven by the waters of the By Wash.

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Over the years, the town has developed 5 open-air courtyards immediately east of Sussex Drive, stretching from Saint Patrick Street to George Street. These cobblestone courtyards are crammed with flowers, park benches, fountains, and sculptures.

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During the 1860s and early 1870s several different fires hindered the expansion of the market area. Fortunately, all through this time the market continued to perform, and the council persevered in its efforts to erect a brand new market constructing. In 1864, building of a new building, designed by architect Sydney B. Fripp, began between Clarence and York Streets. Although it provided higher indoor amenities for distributors, it did not improve the overcrowding outdoors of the constructing. The Lower Town Market Building officially opened on Saturday, November 6, 1848. The ceremony was marked by a flag elevating, a number of speeches, and a band which performed “Rule Britannia”.