Chapel Hill could bid goodbye to Eastgate BP if a new redevelopment plan is approved by town officials.

Federal Realty Investment Trust has submitted a request to demolish the service station on Fordham Boulevard to make way for a 7,600 square foot, multi-tenant retail complex.

Though area is zoned for up to seven stories of mixed-use development, the proposal only calls for a one-story building.

The plan would also close the service road that runs parallel to Fordham Boulveard. The developer is offering part of that land to the town for use as a future bike or pedestrian path.

Because the property lies within the recently rezoned Ephesus-Fordham district, the project does not need to come before the Town Council.

Instead, it will be reviewed by the Community Design Commission and town staff to see if it meets the requirements of the district’s form based code. The final decision could come in 45 days, or 15 days after the CDC grants approval, whichever comes later. The CDC is scheduled to review the proposal on Tuesday, August 25.

This is the fourth project to be proposed for the Ephesus-Fordham district since the council adopted the form-based code last year in a bid to spur redevelopment in the area.

Village Plaza Apartments is already under construction. Plans for a free-standing CVS pharmacy and a new retail building at Ram’s Gate Plaza are currently undergoing staff review.