Supermarket group will create 180 new jobs opening its fifth Scottish branch early 2013
The new store will be built on the former Burghmuir Industrial Estate on the edge of the town centre as part of a regeneration being led by Stirling Development Agency.
Waitrose, part of the John Lewis Partnership, said it expects its new 25,000 sq ft store to open its doors early next year.
Director of Development, Nigel Keen, said: "Waitrose Stirling represents our second new build store in Scotland and demonstrates our ambition to make our brand more accessible to more Scottish consumers.
"Since first arriving in Scotland in 2006, we have established a loyal customer base and increased the number of Scottish farmers and producers supplying our shops, both here and throughout the UK.
"Our Scottish stores now offer more than 400 Scottish lines ranging from household names to small producers supplying just one or two of our branches.
"The new store will provide a boost to the local economy by creating 180 secure, long term jobs and allow us to invest further with farmers and suppliers in area."