In 2014, the Manila City Council passed Ordinance No.
8346, allowing for the city government of Manila to enter into joint venture agreements with private companies and paving the way for the demolition and rehabilitation of several of the city's public markets.
Quinta Market was named as the first market to be demolished and rebuilt under the ordinance.

The next year, Mayor Joseph Estrada announced the construction of a new Quinta Market, to be built at no cost to the city as part of a joint venture with Marketlife Management and Leasing Corporation, which submitted an unsolicited proposal on September 15, 2014.
The agreement between the city government and Marketlife was signed on July 16, 2015, although the agreement was allegedly approved on October 20, 2014.
Vendors inside the market sued the city government in an attempt to stop the demolition and the joint venture, concerned that they would either be evicted or subjected to higher fees under the scheme, as well as concerns that the market was effectively going to be privatized.
Congressman Amado Bagatsing, who represents the fifth district of Manila and an opponent of the joint venture program, also sided with the vendors, claiming that due process was not followed since Estrada signed the joint venture agreement before the project underwent a public consultation process.
The Manila Regional Trial Court however ruled against the vendors on July 25, 2015, ruling that the city had the right to develop the property "as an attribute of [its] ownership".

Demolition of the old Quinta Market took place two days later on July 27, 2015 at 8:00 am PST, although over 500 vendors attempted to physically stop the demolition.
Estrada later confronted the vendors, chastising those who refused to yield.
He also reassured vendors that the market was not being privatized, and he promised as well to issue "certificates of tenure" to some 270 affected vendors, which would serve as a guarantee that they would have a place in the new market without being subjected to fee increases.
However, the following month some vendors filed graft charges against Estrada with the Office of the Ombudsman, claiming that he awarded the contract to Marketlife without undergoing a bidding process.
In its defense, Marketlife said that while they only have ₱3.2 million in registered capital with the Securities and Exchange Commission – the minimum required by law – they have up to ₱200 million allocated for the market's construction from a combination of paid-up capital and bank financing.
They also said that the proposal they submitted underwent due process, claiming that they had consulted vendors when instructed to do so and that the city government took its time in approving its proposal, despite submitting their proposal two months before the company was incorporated.

During the new market's construction, vendors were housed in orange steel boxes located around the market site, which would allow them to continue selling while construction was ongoing, which was estimated to take around 6–10 months.
The new market's foundation was finished in November 2015, and by April 2016, the columns and flooring had been installed in addition to a portion of the new building's roof.
However, the number of street vendors reportedly grew, out of concerns of high rents, while other vendors in the market have been unable to return.

On April 19, 2017, Estrada's 80th birthday, the ₱150 million Quinta Market and Fishport was inaugurated and reopened to the public – the fifth market to be renovated under the city's market renovation program.
Some 250 vendors reopened their stalls with the market's reopening.
In 2014, the Manila City Council passed Ordinance No. 8346, allowing for the city government of Manila to enter into joint venture agreements with private companies and paving the way for the demolition and rehabilitation of several of the city's public markets. Quinta Market was named as the first market to be demolished and rebuilt under the ordinance.
The next year, Mayor Joseph Estrada announced the construction of a new Quinta Market, to be built at no cost to the city as part of a joint venture with Marketlife Management and Leasing Corporation, which submitted an unsolicited proposal on September 15, 2014. The agreement between the city government and Marketlife was signed on July 16, 2015, although the agreement was allegedly approved on October 20, 2014. Vendors inside the market sued the city government in an attempt to stop the demolition and the joint venture, concerned that they would either be evicted or subjected to higher fees under the scheme, as well as concerns that the market was effectively going to be privatized. Congressman Amado Bagatsing, who represents the fifth district of Manila and an opponent of the joint venture program, also sided with the vendors, claiming that due process was not followed since Estrada signed the joint venture agreement before the project underwent a public consultation process. The Manila Regional Trial Court however ruled against the vendors on July 25, 2015, ruling that the city had the right to develop the property "as an attribute of [its] ownership".
Demolition of the old Quinta Market took place two days later on July 27, 2015 at 8:00 am PST, although over 500 vendors attempted to physically stop the demolition. Estrada later confronted the vendors, chastising those who refused to yield. He also reassured vendors that the market was not being privatized, and he promised as well to issue "certificates of tenure" to some 270 affected vendors, which would serve as a guarantee that they would have a place in the new market without being subjected to fee increases. However, the following month some vendors filed graft charges against Estrada with the Office of the Ombudsman, claiming that he awarded the contract to Marketlife without undergoing a bidding process. In its defense, Marketlife said that while they only have ₱3.2 million in registered capital with the Securities and Exchange Commission – the minimum required by law – they have up to ₱200 million allocated for the market's construction from a combination of paid-up capital and bank financing. They also said that the proposal they submitted underwent due process, claiming that they had consulted vendors when instructed to do so and that the city government took its time in approving its proposal, despite submitting their proposal two months before the company was incorporated.
During the new market's construction, vendors were housed in orange steel boxes located around the market site, which would allow them to continue selling while construction was ongoing, which was estimated to take around 6–10 months. The new market's foundation was finished in November 2015, and by April 2016, the columns and flooring had been installed in addition to a portion of the new building's roof. However, the number of street vendors reportedly grew, out of concerns of high rents, while other vendors in the market have been unable to return.
On April 19, 2017, Estrada's 80th birthday, the ₱150 million Quinta Market and Fishport was inaugurated and reopened to the public – the fifth market to be renovated under the city's market renovation program. Some 250 vendors reopened their stalls with the market's reopening.
Quinta Market