Demolition of a disused pub is expected to take place in the next few weeks, ahead of a �2 million redevelopment project.
The Invincible, which has stood empty in Eyres Monsell, Leicester since 2004, will be knocked down to make way for new shops.
Once work on the new retail area is complete, the Exchange shopping precinct on the estate will be demolished and replaced with new homes.
Ben Shepherd, development consultant for MF Strawsons, which owns the site, said: "There have been delays. At the moment, we're waiting on an asbestos survey but we are making arrangements to demolish the site in a few weeks."
The pub has been repeatedly targeted by vandals, arsonists and fly-tippers in the past few years.
Once the site is clear, it is hoped building work can begin at the end of March.
Nearby residents have been waiting for years for the site to be redeveloped and welcomed the news.
Sue Green, 65, from Queens Park Way, said: "It's really good news. We were getting down about things not being done but now that's turning around. It will make the area a lot more attractive."
Wayne Natzel, 32, of Featherstone Drive, said: "As with every boarded up building, it attracts vandalism and unsightly graffiti.
"But once the pub is gone, it'll brighten up that part of Eyres Monsell."
Ward Councillor Rory Palmer said: "I'm pleased to hear work on site is beginning soon. As far as I'm concerned, the sooner the pub comes down the better.
"Any large regeneration project like this has its problems, like the recession we're coming through, but the area desperately needs new shops and new investment."
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