Reco Build has started work on PRT Corp's £3m redevelopment of the fire damaged former Yates's Wine Lodge building in Blackpool.
The construction company based in Colne, Lancashire, won the contract to design and build a 26,000 sq ft leisure and retail project on the site.
Plans include two restaurants and one retail unit at the new three-storey building.
Cosmo, the Pan Asian banquet chain, has signed a lease for the entire first floor and Tesco is expected to use the retail space for an Express store. TGI Friday's, the New York-style restaurant-bar, has also shown interest.
The project has been designed in an art deco style to reflecting the heritage of the building. It includes a clock in an ornate white stone tower and an iron balcony.
Reco Build managing director Nick Richardson, said: "This is an exciting job for Reco Build as the history behind the landmark and the prominence of the site boosts our profile and takes us closer to our goal of becoming a major player in the national construction industry."
The scheme has been designed by Archer Architects. Project manager is Red Property Services, Waterman Structures is structural engineer and Carmel Building Services is services engineer.