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The 116-year-old Ng Building in central Christchurch.
Photo: RNZ / Nate McKinnon
The land which houses the NG Building on Madras Street is being taken under earthquake legislation.
Previous attempts to buy the building have failed.
The owners of the building, as well as the Christchurch Civic Trust and Historic Places Canterbury have previously fought to save the 116-year-old warehouse which also has retail space for NG Design.
Ground works are already under way at the stadium site which takes in a large block of land in the central city.
Originally it was planned to incorporate the building into the stadium design but the intention changed when the stadium s location was changed slightly.