Tenants are expected to move into the first completed building at the revitalised CH Smith site by the end of January.
Developer Errol Stewart said CH Smith White, the building on the corner of Charles and Canal streets, would be the first part of the site finished.
“We are well into that and we are putting in a lift shaft as we speak,” he said.
“Fairbrothers are doing a really good job, they are ahead of schedule and the budget is right on the money.
“They have been able to price it exactly to the budgeting restraints that we had.”
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The structure of the car park is expected to be complete by January, but it will not be ready for handover to the City of Launceston until about April.
“At the moment basement two is completed, in basement one all the slabs are completed and we are now onto level one which is the first level of the new government offices,” Mr Stewart said.
“We will have all of the elevated platforms done before Christmas but we probably won’t pour the last couple of slabs until after Christmas just so we can get our cranes in to continue to lift our columns through.”
The entire project is priced at $20 million.
Mr Stewart and architect Scott Curran unveiled their plans for the site in November, 2016.
After sitting vacant for more than two decades the CH Smith complex will soon be home to a cafe, a restaurant, offices and a 300 space car parking facility.
The pair bought the historic spot from Geelong property group Brile, but plans to redevelop the site were originally voiced in 1988 by Frank Larissey of Redline Coaches.