"It was going to be called 'Headwaters' in an effort to promote it as a gateway to the Whanganui CBD, leading down to the river.
"That idea has eventuated to a degree, it'll just be Cash Converters instead of Headwaters."
Mouldey said any building plans for the new retail outlet were "halted" due to the Covid-19 lockdown, but work by W&W Construction had begun under alert level 2.
"It's a good profile spot, and it's great to see activity back up and running in town.
"Everyone's back on the ball, and let's hope things are looking good for the future."
Mouldey said he hoped Cash Converters would move into the new location within three months.
On October 8, 2016, firefighters and two fire engines worked to control the fire from about 1.30am to 4am.