The new automobile museum on Lindsay Street will be joined by about a dozen other buildings, including a major furniture retailer, Kia and Volkswagen car dealerships, and space for the relocation of Errol Stewart’s Ford dealership.
The Launceston developer said his plans for the seven hectare site surrounding Bunnings would see an investment of between $15 and $20 million.
Mr Stewart said a development application had been submitted to the City of Launceston for the entire site.
“We would like to think we are going to be piling piles over there in January or February subject to permits being approved,” he said.
“I think the council is comfortable but they still have to dot their i's and cross their t's, but we have made a commitment to the University and to council that we will build a good facility and we have just got to get cracking.”
There are no plans to immediately relocate the Ford dealership from its central location on the corner of Lower Charles and William Street but Mr Stewart said it could be in the next five to 10 years.
“There have been a number of people that have approached us for our site in town from accommodation and student accommodation, to potentially a mix of retail or big box, but it’s just a really ripping site and we just need to plan that if somebody comes along with a really great idea or development for a site that close to the city, that we have the ability to move,” he said.
“I need this land [at Invermay] developed for that to work.”
There will also be a number of smaller warehouses on Gleadow Street and a number of 600-square-metres show rooms facing the new Boral site.
The next step is to get state government approval for the works according to Mr Stewart.
“At the moment there is a prohibition on the land … it was really all about the flood mitigation,” he said.
“I think they are trying to unwind all that, originally it was a state government thing done many, many years ago with the construction of the levees.”