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Willowridge Developments planning and development general manager Alison Devlin said it was hoped the building would be completed by March.
However, a delay in obtaining building consent had shifted that date back to May. Two of the building's units had been tenanted by companies not previously based in Dunedin, she said.
The $2 million development would house three units ranging in size from 300sq m to 500sq m.
The group's redevelopment of the former Red Barn site in Andersons Bay Rd was expected to be completed by October.
Wendy's Hamburgers is set to be one of its tenants.