The Mason Street site, former home to Dahlsens Warragul, is set to feature two floors of retail, corporate and medical businesses, a hotel and seven rooftop apartments by its completion in about August 2014.
Developer Brett Nielsen told The Warragul Citizen spaces in the precinct have already been sought by retailers.
“We currently have a lot of interest in prospective tenants,” Mr Nielsen said.
“We also have secured approximately 55 [to] 60 per cent of the ground floor area in the building already, and the good news about that is nearly all that is new businesses to the town.”
Mr Nielsen is touting the development as the biggest thing for the town since the first trains arrived.
“I don’t believe there’s been a single build in the town proper [on this scale] in [Warragul’s] history,” Mr Nielsen said.
“We’re talking about 12,000 square metres of floor area in one build.”
Mr Nielsen said the Baw Baw Shire Council and the public have been supportive.
“I think the community… want better offers in the town,” Mr Nielsen said.
“Obviously down the line… there is so much development happening, and I think it’s Warragul’s time.”
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