Angus Council is working with the community to transfer the building to local community ownership.
The hub will provide business units for rent, a fitness suite, sports hall and meeting rooms. Three new affordable homes for rent are also being developed, by the council, on adjacent land not required for the community hub.
Communities Convener, Councillor Donald Morrison said: "This project highlights the ambition of a community to take a key local building and transform it into a valued resource that could serve generations to come. I am delighted that the housing and welfare minister has taken time to visit the project and witness the effort and ambition of the council and local residents at first hand."
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Housing Minister Margaret Burgess, who visited the site, said: "We are taking every opportunity to help boost the number of affordable homes across the country, and the redevelopment of this site is a great example of what can be achieved when partners come together in collaboration.
"Not only is this project bringing back to life existing buildings, but it demonstrates real engagement, local decision making and community empowerment, and I'm delighted to have had the opportunity to have seen the outcome for myself today."
(CD/MH)
