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.
Mann Made Festival can get 'bigger and bigger'
Vendors praise event which has returned to the TT for its second year
Treasury minister 'hopes' businesses will pass on VAT reductions to customers
Falling from 20% to 5% for certain activities over summer
TT 'massive' for hospitality industry
Local businesses prepare for race week
Hopes summer VAT cuts will ease cost of living pressures for families and businesses
IoM Government mirrors UK action
