The Broadford Works building could soon be demolished to make way for an urban village.
Central Demolition has confirmed that its efforts to eradicate the debris and asbestos at the site is almost complete.
A demolition warrant for the building was submitted to Aberdeen City Council at the end of last year and is expected to be approved in the next few weeks.
Plans for an urban village containing 890 units, including both private apartments and student residents, have been submitted by Ferness Investment Holdings.
The proposals also include the creation of a restaurant, a cafe and bar and a nursery.
A spokesman for Central Demolition said work to knock down the building will take between six and eight weeks.
He said: “We are nearly finished clearing the debris up as well as the asbestos.
“It is hoped demolition will start soon, but we’re still waiting for the warrant to come through.
“There was a lot of debris to clear because the buildings had been badly vandalised.
“It will be into next month before we finish the clean-up.
“It will then take six to eight weeks for demolition to be completed.
“All the high buildings will remain on the site.”
Councillor Alex Nicoll, of the Midstocket and Rosemount ward, welcomed the news aboyt the imminent renovation of a site which has been plagued by numerous fires in recent years.
He said: “It’s caused a lot of problems for people living in the area.
“But this is good for local residents because the previous fires and smoke which has happened on the site have been pretty awful for those living nearby.
“It will have been a large task to get the site ready which can enable people to see what can be developed on it.”