South Tyneside Council has now acquired all the land and properties needed to press ahead with the next phase of the £100m South Shields 365 regeneration masterplan.
Earlier this summer, the Secretary of State confirmed a Compulsory Purchase Order made by the council, clearing the way for it to secure ownership of remaining assets in the town centre.
Now the council has acquired these interests, the planned transport interchange is on schedule to start on site next Spring.
This month will also see two major milestones, with the Royal Mail's move to its new facility at Laygate and the opening of the Post Office's new branch in King Street.
Leader of the Council, Cllr Iain Malcolm, said: "Things are moving on swiftly with Phase two of the regeneration and soon people will begin to see activity around the town.
"The Post Office's new branch on King Street will be opening on September 21 and we know residents are as pleased as we are that it is remaining at the heart of the town centre.
"The Royal Mail's new sorting office at Laygate is also on track to open later this month.
"We're working towards appointing a contractor and in the coming weeks demolitions associated with the transport interchange will get underway.
"Things are really starting to gather momentum now and we're looking forward to starting on site next year."
The Post Office will be moving in to the former Officers' Club unit on King Street, which has undergone extensive refurbishment.
Mark Gibson, External Affairs Manager, said: "Our new site will help us to ensure that our customers can continue to access vital Post Office services to meet their needs, from mails and retail to everyday banking services."
Planning permission was granted last year for the transport interchange, as well as outline planning permission for Phase three, new retail and leisure development.
Residents and visitors will also notice new vibrant artwork around the town centre, which reflects the vision for South Shields and showcases its fantastic offer.