Heron and Brearley are pressing ahead with work on two of their former pubs, both now closed, which back onto the North Quay bus station site in Douglas.
Work has started on re-developing the Clarendon Pub, the former Isle of Man Farmers shop and the Douglas Pub.
Of the three, the Douglas Pub is viewed as the most important in historical terms, with its connections with Peter Heywood, who served on board the mutiny ship, the Bounty.
Island falls silent to remember them
Two-minute silence held to mark Remembrance Sunday
Average wait of 11 weeks for Disability Living Allowance claims
Reduction in overall average since summer
Man sexually assaulted woman as she slept on beach
Deemster brands assault "quite horrific"
Appeal for Onchan FC memorabilia
Plan to furnish new club house with memories