Paramus Crossroads

A rendering of "Paramus Crossroads," a new shopping center scheduled to open next summer.

PARAMUS -- An office complex on Route 17 South that once housed Fedex and luxury furniture store Einstein Moomjy will be razed to make way for a 40,000-square-foot shopping and dining center.

An aerial view of the planned shopping center at "Paramus Crossroads"

"Paramus Crossroads" will offer outdoor seating and direct access from Route 17 South, with a turn-around for those traveling northbound at Midland Avenue, developers Advance Realty and Invesco Real Estate announced this week.

The building's tenants haven't been announced, but the developers have said that the center will include a "diverse mix of dining options and specialty retailers not currently found in the immediate area."

Demolition to the building will begin this summer and the center is scheduled to open in 2018.

"We're extremely excited to receive the approvals from the Borough of Paramus, and we look forward to bringing exciting new shopping and dining options to an area," Peter J. Cocoziello, Advance Realty's founder and chief executive officer, said in a statement.

Paramus officials didn't immediately return requests for comment.

Nearby stores P.C. Richard and a PGA Superstore will remain in place.

Sara Jerde may be reached at sjerde@njadvancemedia.com. Follow her on Twitter @SaraJerde.