MABANK — Mabank’s historic Market Street has a new building in the offering, springing up Phoenix-like from the ashes, of a fire that swept through the district on July 31.

It sounds like it will be a modern structure that will maintain the historic appeal of the surrounding buildings.

The McAfee Insurance Company, which was at 111 Market St., suffered major damage to its building when the roof that adjoined the burning buildings collapsed, according to the business founder, Cozell McAfee.

The buildings located to the east of McAfee were a couple of vacant buildings interspersed between the 3 for 2 Cleaners, Angie’s Southern Style Salon, the Dance Connection and Mabank City Hall.

The Dance Connection had slight smoke damage, as well a church outreach housed to the west of McAfee.

McAfee Insurance, which sells Germania Insurance, is owned by Don and Diane McAfee.

They have purchased the now-vacant lots at 113 and 115 Market St.

Cozell said the old vault that was in the building was torn down and the lot has been prepared for the new building by adding fill dirt.

One of the original spots was occupied by a bank, according to Cozell, and closed during the 1930s.

Later the building housed the old Mabank Post Office and several newspapers.

“Hopefully the work will start on the building in the next 30 days,” said Mike “Hutch” Hutchison, a McAfee employee.

“They are planning to use one of the lots for their offices (insurance company) and the other building for office rental,” Hutchison said.

Cozell said the company was planning to match the facade of the building to the existing buildings in Mabank.

“There has been some talk about using Chicago brick,” he said.

“Right now we are just waiting for the survey to be completed. We intend to start after they are done. “

The building contractor will be Cleave Howell, who builds new homes, according to Cozell.

The City of Mabank Economic Development Committee bought the other lot at 117 Market St.

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