The pub giant submitted plans for the Market Hill site in 2015 and after alterations in plans following talks with neighbours, St Ives Town Council and Huntingdonshire District Council the company is now making progress.
According to the chain the pub will open on April 4, 2017, and will be free of music.
St Ives Bridge is a 15th-century bridge crossing the River Great Ouse in St Ives, Cambridgeshire, England.
It is noted for being one of only four bridges in England to incorporate a chapel (the others being at Rotherham, Wakefield, and Bradford-on-Avon).
The two arches on the southern side were demolished and a drawbridge installed in 1645 as a defensive measure by Cromwell's forces, who held the town.