Around 100 jobs will be created once a £13 million scheme in the centre of Castletown is completed.
The Callows Yard project aims to regenerate the ancient capital, bringing in more shoppers and improving trading prospects.
Director Roy Tilleard says the development is progressing well.
Drop in visitor numbers over winter 'does the damage' for hotels
Hotel boss says lack of domestic tourism puts Manx businesses at a disadvantage compared to UK counterparts
Huts owner determined to rebuild after storm
Two huts were swept into the sea during the storm
Trawlers heading out to sea on first day of king scallop season
Bumper year expected in Manx waters
'Stay on top of web maintenance' to prevent future issues
Advice issued to Manx businesses following cyber security flaw
