Development company director Cos Schuh of Gympie
"We were pleased to the councillor's approach to it, the co-operation of the council on this has been excellent," he said.
"I would think we'd be looking and the minimum investment in the building of $3 million.
"Mixed development is not all that easy to pull together, but we think that's worked well for that space - hopefully it fits with what Cooroy's all about because it's just a nice place to live," Mr Schuh said.
This new complex will be built at the former Energex depot site.
Councillor Brian Stockwell said the project would contribute to a character refresh of that side of town.