Mr Premici said Bunnings’ renewed interest in building a “state-of-the-art concept store” was largely driven by increased residential at the neighbouring Roydhouse Street apartments.
“We hope that recent development projects in Subiaco will reinvigorate the thought process surrounding a redevelopment of Bunnings,” he said.
“The original concept in 2012 was a three-storey Bunnings with underground parking and a garden section on the roof.
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“It would be great for the centre, great for the community.”
Mr Premici said it might take a “fair while” to kick-start the project again in terms of planning and consultation.
“We spent about two years planning it last time,” he said.
“But who knows, we might not have to go through that much considering a lot of ground work has already been done. The sooner the better, really.”
City of Subiaco chief executive Don Burnett said the City leased 55 Salvado Road to Home Base as part of its property investment portfolio.
“The proposed redevelopment of Bunnings in 2012 was a concept only, not a formal development application,” Mr Burnett said.
“The City (also) had discussions with Homebase about its lease agreement at this time.”
Mr Burnett said the City would consider any development application for the site on its merits.