Baron Corporation this week revealed details of a homemaker centre replacing the historic Lincoln Mills site in Coburg’s Gaffney Street.
The $50 million project will contain 24,000 square metres of area and 667 car parks.
Bunnings is the anchor – having committed to 11,255 sqm.
Clive Peters (for a 3800 sqm space) and Officeworks (1119 sqm) have also pre-committed.
The Lincoln Mills Homemaker Centre, as it will be known, is designed with seven more showrooms.
A historic chimney on Charles St must be retained as part of the project.
Bunnings will move from up the street
Bunnings trades from a smaller store on the street, at the corner of Sussex.
Its commitment at the Baron complex is for an initial 12 years.
The landlord’s managing director, Stewart Baron, said medium density development in and around Coburg including at the ex-Pentridge Prison, is driving the need for bulky goods retail in the inner-north.
His group has held the Gaffney Rd property for more than a decade.
The nearest competing centres are at Northland (Preston) and Essendon Fields.
Gross Waddell’s Joseph Carbone is marketing the balance of Lincoln Mills Homemaker Centre.
Rents start at about $200 per square metre, per annum, he added.
The facility should be open by October.