Work at 'The Benches' or 'The Cobbles' is part of a community planning Possilpark/Ruchill Thriving Places initiative.
Consultations have been held with the local community over the past six months to see what improvements they would like for the area.
Features of the upgrade projects includes a new bandstand, a market area, activity areas and a greenspace environment.
In addition, new seating, bins and picnic tables will be installed.
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Once a contractor is appointed, work is due to begin in Spring 2016 with completion scheduled for that summer.
Councillor Soryia Siddique said: "This Thriving Places project really has the community planning ethos at its heart. Engagement and consultation with locals about the improvements they want to see have been central to everything about this project and is one of the reasons that it will be successful.
"Once completed the possibilities for this new space and meeting place are limitless. It will be for the community to say how they want to use it but performances at the bandstand, community events and markets all within a safe and welcoming central hub are great ideas."
Councillor Chris Kelly added: "I am very pleased the regeneration of the Millennium Square and bandstand area in Possilpark is progressing, particularly as local residents have been key to deciding how it is improved."
(LM/CD)
