A new pub and restaurant will open on Monday off the A606 Oakham bypass, creating 40 jobs.
The Old Buttercross has been built by Marston’s Inns and Taverns.
The pub is part of a wider development, which also includes a BP filling station and M&S Simply Food store.
Area operations manager for Marston’s Inns and Taverns Paul Benyon said: “We’re really excited about opening the Old Buttercross.
“We’re looking forward to welcoming in the local community and building a reputation for excellent value for money, great food and fantastic customer service.”
The Old Buttercross can cater for up to 150 diners. The pub will offer a two-for-one menu, so all main courses, specials and fresh pizzas are two for the price of one, all day, every day.
Pizzas are made fresh to order in the kitchens and the pub has a selection of drinks, wines, lagers and Marston’s cask ales, along with some locally brewed ales.
The pub will be run by husband and wife Shane and Kate Read. Shane said: “We’re delighted that we’ll finally be open soon. Everyone will get a warm welcome, and we really hope that we’ll become a hub for the entire community.”
The pub and filling station have been built next to the Oakham Heights housing development. Outline planning permission has been granted for 1,100 homes, which will be built over 15 years on land between the Oakham bypass and Barleythorpe Road.
Larkfleet Homes is building the first phase of 143 homes on the Leighfield Park section of the site.
Several other reserved matters planning applications for the site have also been approved.
Bellway Homes has permission for phases three, seven and eight, comprising 200 homes. Charles Church East Midlands has permission for phases four and five, made up of 164 dwellings.
And Larkfleet has permission for phase 9 and 10, comprising 189 and 187 homes respectively.