Related Beal says it won't move the oil-company ad turned beloved Boston beacon when it redoes the block of nine buildings in Kenmore Square that it's agreed to lease from Boston University.
But in a "letter of intent" filed with the BPDA recently, the developer says it does plan to knock down three buildings next to the building supporting the sign - home to Bertucci's and formerly the New England School of Photography - and replace them with a single, eight-story building with restaurant and retail space on the first floor, offices above and a new parking garage below ground.
And while the building holding up the Citgo Sign will stay in place, the company is proposing "redevelopment and repurposing" it and other buildings to add room for "office/creative workspace."
Related Beal's next step is to file a detailed project notification plan with the BPDA.
Letter of intent (133k PDF).