The former Alec’s Shoe store building at 201 Main St. will soon be demolished to pave way for the $25 million theater complex.

“Nashua’s new performing arts center will serve as a vital source for attracting visitors to Nashua, as well as amplify the growth of the city’s downtown and the creative economy in the region,” Dick Jennings, managing director of Mascoma Community Development, said in a news release.