Falkirk Council are expecting to own the Callender Square Shopping Centre by January next year.
They're aiming to build a new town hall on the site.
The local authority will discuss a report next week.
Progress on the demolition of the former Falkirk Town Hall will also be discussed.
They've already agreed to purchase the site, and use it as the base for a new headquarters.
A theatre, library and civic space will be built.
However, the report says financing the project remains "challenging".
Malcolm Bennie, Director of Place Services, said: “We hope Elected Members will be pleased to hear the purchase of the Callendar Square and Antonine Hotel sites is so close to completion and that this major transformation project is progressing at pace.
“It is also encouraging to see the former Municipal Buildings site almost cleared and that it will be available for sale in 2024 with the money raised going towards the cost of the new Falkirk Town Hall.
“Together these projects represent a major regeneration of the Falkirk Town Centre and will have positive benefits for the entire Falkirk area. We hope elected members will welcome the progress being made and look forward to answering other questions on the project in general.”
Changes to Stirling waste recycling centres
Petition against school changes
Concerns over Falkirk constituencies
79-year-old dies after Callander crash
Bank branch to shut