Building work is now under way in Denny town centre as part of a regeneration project.
Paisley-based Clark Contracts are overseeing the construction of the building in Stirling Street, which will have space for 10 shops, a new library and a community meeting room.
A Clark Contracts spokesman said: “Works are progressing well and on schedule. The steelwork for the new units has now been completed. The library and community space is well under way.”
The new two-storey building is being assembled on part of the site of Church Walk, a vast residential and commercial complex built in the early 1970s, demolished in stages in recent years.
Originally commissioned by Denny and Dunipace Burgh Council as a response to a housing shortage, they were empty and boarded up by 2010, with residents taking to the streets demanding the demolition of the buildings.
Falkirk council took charge of the scheme in 2011 after developers pulled out.
A council spokesman said: “Denny town centre regeneration is on target and currently work is taking place on a steel frame and decking that is being erected on site.
“We are on track to see phase one completed in the next 12 months and this will be another significant step forward in the redevelopment of Denny.”