PRELIMINARY construction works at the C. H. Smith site in Launceston are under way again.
The $30 million development by Brile, had stalled for 16 months due to difficulties in securing major tenants on the back of the global financial crisis.
The original proposal was for a three-storey retail complex containing up to 20 retail and food outlets.
Brile financial controller Peter Velt said yesterday the company continued to get many inquiries for the site but he was reluctant to say which businesses would be moving in.
He said the preliminary works included demolishing the back end of part of one of the old buildings to prepare it for construction, as well as reinstating part of the embankment along Charles Street.
Work on the site would continue through to September.
When asked when he expected construction work would begin on the site, he said he would love to have started eight months ago and for it to be finished now.
"I'm playing it close to my chest - at this stage we're just doing some preliminary works in anticipation of something happening reasonably soon," he said.