The former Rite Aid will be divided into three businesses, according to a representative from Woodbury-based Kabro Associates, one of which will be a bank.
A roughly 4,000 square foot NESCU Credit Union branch is planned to occupy part of the 11,2000 square foot structure. Kabro is negotiating with other tenants to fill the remaining space.
Rite Aid closed its doors last October reportedly because of business conditions at the Jackson Avenue location. Traces of it gradually fell away until it was boarded up completely and painted over in the summer.
Construction workers have since gutted the inside as seen in the attached photo and are preparing the space for subdivision.
Construction is expected to be complete in the Spring.