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

“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.

“Nashua’s performing arts center will help us build a stronger downtown economy, support our city’s creative community and enhance the experience of spending time in our downtown,” Mayor Jim Donchess said, thanking Mascoma Community Development for working with the city on the project.