However the block is within a precinct defined within the Doncaster Hill local council planning scheme as appropriate for high density residential redevelopment.
Bunnings refused to answer any related to scale of the proposed development, issuing a brief statement saying, if approved, the project would create 200 jobs.
It also said Bunnings has been “working closely” on the proposal with the Manningham City Council. However, council said it is unable to comment on “rumour, speculation and what ifs” regarding the site until the application is lodged in a few weeks.
Many apartment complexes under construction near the site, predominantly along Doncaster, Elgar and Tram roads, capture postcard CBD views.
In the 1990s, another site off nearby Williamsons Road made way for Melbourne’s first major apartment complexes, in what was considered a test case for high density development in the suburbs.
While generally encouraging apartment construction since that time, however, various levels of government have failed to fund a rail extension to Doncaster. Earlier this year, two Manningham City councillors suggested retail giant Westfield should contribute to the cost of any future line.
Elsewhere in the suburb, 15 kilometres east of town, developer Mirvac is expected to replace the outgoing Eastern Golf Course with a $1 billion-plus village of shops, offices and low, medium and high density housing.
Last week, Coles said it was a reluctant property developer, stepping in to start construction of new supermarkets because developers hadn’t.
Coles, and rival Woolworth’s impressive property investment portfolio includes factories, fast food restaurants, hospitality venues and petrol stations.
Woolworths is behind a major mixed use project in North Melbourne that will include two major apartment buildings rising ten and 16 levels. It paid interests associated with motorcycle retailer Peter Stevens $21 million for the Vaughan Terrace and Canning Street sites in late 2010.