After seven years of planning, construction of a 107,000 ft2 refrigerated warehouse on Portland’s waterfront is set to begin.

According to a local report, the $55 million facility is expected to be complete in early 2024. The warehouse is a public-private partnership between the port authority and developers Amber Infrastructure Group and Treadwell Franklin Infrastructure. The state of Maine contributed $8 million to the project, which was first proposed in 2015, and the warehouse will sit on leased state land.

The facility is expected to complement key Maine industries, including lobster, fish, biopharmaceutical products, wild blueberries and craft beer, according to another report