The Princes Parade project will also pave the way for a 150-homes development on a strip of land along the coast.
The cost of the entire project including housing is around £70m.
BAM is initially operating on a £2.5m pre-construction services agreement, while the full design of the scheme is finalised.
Preparatory work will begin on site as early as next month, although main construction will not begin until the start of next year.
On site testing commences in March to inform the final design of the substructure works for the development.
This will be undertaken with expert ecological advice. Design for the realigned road and services has also commenced.
The same core team from BAM who worked on the acclaimed Dover Leisure Centre will be working on the Princes Parade development.
BAM’s construction manager Daniel Brenchley said: “We will be working with our supply chain and local agencies to create new construction jobs here which will be advertised through local employment vehicles such as Job Centre Plus. We’re actively looking at training plans with our supply chain partners for developing skills and training opportunities too.”