A massive $100 million warehouse on the site of the Marcal paper factory in Elmwood Park will open this September, developers announced Friday.

Texas-based Crow Holdings Development said construction is well underway on the 206,826-square-foot warehouse on vacant space at 1 Market St., just off Route 80.

David Knee, vice chairman at JLL's East Rutherford office, who is involved in marketing the property, said the warehouse would serve well for "food and beverage, and consumer goods."

“We like it. We think the timing works out. We’re spending some extra time and dollars on the look of the building given the historic nature of the site,” said Clark Machemer, Crow Holdings Development’s senior managing director for the Northeast region. “Obviously it won’t replace what was there.”

A tenant has yet to be identified, Machemer said.

Marcal, a major employer in the region for almost a century, saw its red-brick factory and famous neon sign obliterated in January 2019, in a blaze that required 400 firefighters from 50 North Jersey towns to quell the flames.

Marcal officials said after the fire that about 500 jobs had been lost, though the business was able to resume some manufacturing on the site in early 2020 after the coronavirus lockdown boosted demand for paper products.

Crow Holdings acquired a vacant 12-acre slice of the Marcal property and received the blessing from local officials.

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“The Marcal property has been a fixture in our community for nearly a century,” Elmwood Park Mayor Robert Colletti said in a statement last year. “This new project is the next chapter in that partnership, allowing a part of their site destroyed by the fire in 2019 to be reimagined and redeveloped in a way that will benefit Elmwood Park in significant ways.”

Crow Holdings estimates that the project will generate $34 million in economic activity, $630,000 in local tax payments and 240 full-time jobs, plus 140 short-term construction jobs.

“We are thrilled to begin construction of this state-of-the-art new facility that will transform the former Marcal site into one of the region’s most advanced logistics offerings,” Machemer said Friday in a statement.

This article originally appeared on NorthJersey.com: Marcal Paper site to get modern warehouse after devastating fire