Four of the five completed retail spaces have been taken over by Marnie Kelly, who has moved her Touch Yarns business to Clyde from Earnscleugh and opened a gift shop as well.
A Queenstown lawyer will move into the fifth space next week.
Principals of Clyde Claim, Mark Laing and Kevin Braid are now building the foyer entrance to a 50-seat multipurpose theatre which they said could be used for conferences as well as a boutique movie theatre.
A couple of people had shown interest in leasing the theatre, but there had been no confirmed agreements Mr Laing said.
The next stage would be to build a restaurant-cafe-bar.
Mr Laing hoped both buildings would be completed by Christmas.
He would shortly advertise the lease for the theatre and for the restaurant.
A total of nine two-storeyed apartments was also planned on the site, which is just behind Olivers Restaurant and Bar.
Six residential sections included in the development would be going on the market in a couple of weeks and would be sold with house plans already prepared.
The new owners of Olivers Restaurant and Lodge at Clyde, Doug and Lianne Bickley, are now settled in Clyde and beginning the mammoth task of bringing the Category 1 historic buildings back to life.
Mr and Mrs Bickley have big plans for the business, which they bought at auction in February for more than $1.625 million.
They are being cautious at present about revealing those plans as they wait to seek advice from heritage experts on what can and cannot be done.
The inside of the main restaurant has been altered in places, and Mr Bickley said he hoped he would be allowed to take it back to the original stonework.
"It's got really good bones," he said.
Their first priority was to get the accommodation up and running and then work on the restaurant.
But, in the meantime, the couple were still coming to terms with the huge job ahead, and Mrs Bickley was collecting all kinds of decorating ideas.
The complex has successful origins dating back to 1870, when the building which houses the restaurant was opened as a general store, and more recently when the 3691sq m complex, which includes eight stone buildings, was restored and opened for business as Olivers Restaurant and Lodge.
