The search is on for new contractors to continue work at the Vaux project in Sunderland.
The development of the former brewery site was halted in January when the construction firm Carillion collapsed.
It had been working with the council on the plans and, with legal formalities now complete, the authority can now find a new builder.
Subject to the tenders, an announcement about site work starting again will be made in coming weeks.
Long-term plans remain to develop the former brewery site into a new business district to create more city centre jobs, offices and pedestrian traffic.
It is hope this will bring more investment into the city.