The £1.1 million regeneration and safety project is also delivering increased on-street parking, better and safer crossing points for pedestrians, and realigning the road to slow down vehicles but also improve the flow of traffic.
Other benefits include easier access to the existing car park by the YMCA, relocating bus stops to offer a better service for users and installing security cameras.
Reducing accident rates, improving public safety and tackling issues that cause traffic to back up onto the A41 have been major drivers for the scheme.
Plans for the designs were overwhelmingly supported by local residents and businesses following a six-week public consultation process held at the end of last year.
Sandwell Council's cabinet member for sustainable transport, Councillor Jackie Taylor, said: "By making changes to the road layout we'll be making better use of the public space and create a new public square and events area.
"We're improving the crossing points and reducing crossing distances, making it safer for pedestrians as well as tackling the congestion problems coming into the centre.
"This scheme, with its new paving, seating and lighting as well as extra off-street parking, will improve the area making it more attractive and user-friendly.
"Hopefully this will encourage more people to visit Carters Green, bringing about a positive impact for local shops and businesses and improving the area for residents."
Work on the 24-week scheme gets underway later this month.