A multi-purpose arts space will fill the former Woolworth building, 1433 Main St., at least for the near future.

The property was acquired by Landmark Companies, developers of Park Square, but has been leased to Rahway Cafe and Stage for two years until they come up with a plan for it. Eric Harvitt of Landmark Companies said they’re still deciding on concept proposals for the property.

The approximately 6,000-square-foot space will be used for practice/rehearsals, showcases and receptions while the front area will be open all the time as a cafe/lounge and retail area selling the works of local artists, according to general manager Marc Calamares.

“We figured the space would be perfect for our purpose, and would also coincide in the direction in which the city wants to move,” said Calamares, who expects to open before the end of this month.