"There are some positive enquires from potential tenants for the building," Mr Hodson said.
"When finished it will feature a beautiful glass front and will be a light, bright modern retail space inside.
"The brick wall in the car park between Dick Smith and the construction site will be torn down, and there will be parking outside each of the two new shops".
All up, each shop will have four car parks each outside their shopfront and around 1500 square metres of modern retail space inside the building.
Mr Hodson, who is also the project manager, said the 20-year-old building was fundamentally a sound building which, when finished, would comply with earthquake building standards. "It was much cheaper to renovate than build new," Mr Hodson said.
The refurbishment was estimated to cost $600,000.
The building first housed a large bakery, and was later the home of Mitre10 and Briscoes.
"It's good to see people [landlords] with the confidence to go ahead and build. It creates stability in the market when big companies are going forward."