Reliance Properties of Vancouver is renovating and expanding the 1891 Janion Hotel on Store Street near Johnson Street.
The plan is to create more than 100 micro-residential suites, as well as commercial space.
Invitation-only events are being held Thursday to showcase the project.
Reliance is hoping to start construction in January.
A sales centre will open in the fall at 120 560 Johnson St. in Market Square.