Some Hobart retailers are celebrating what they believe is the start of the redevelopment of the Myer site.

It has been almost seven years since fire destroyed the Myer store on Liverpool Street.

The Hobart City Council is removing the walkway between the Cat and Fiddle arcade and Liverpool Street.

A timeframe for the development is expected to be finalised next month.

Lord Mayor Damon Thomas says it would not make sense for the developer to ask for the preliminary works, unless further development is intended.

"One would imagine that that is very positive sign that a long-awaited redevelopment of the old iconic Myer store is about to happen in the city of Hobart," he said.

Ed Harry owns a nearby menswear store and is confident the work is a sign full development will start soon.

"This is the second time the walkway has been removed and I believe the council wouldn't be bothered doing something like that unless there was something...tangible about to happen," he said.

"I'm not being cynical about it, I'm being upbeat about it, very positive about it, and I think it's a magnificent outcome at this stage."

Myer has declined to make any public statement.

The developer, Kalis Group, has been contacted for comment.