A Texas developer says it's working on a proposal to replace the current home of the Mass Bay Credit Union at 147 West 4th St. in South Boston with an 8-story life-sciences building, a 13-story residential building and a new 2-story home for the credit union.
The three buildings would share 112 parking spaces on a 1.2-acre parcel assembled out of several existing lots from West 4th Street to West 5th Street between A Street and the haul road, according to Lincoln Property Co.'s "letter of intent" filed today with the BPDA.
A building that now houses the A Street Scrap Metals Corp. would be razed - as would the current bank building, with a replacement to be built at A and West 5th streets.
In the letter, Lincoln, which says it will share ownership of the parcel with the credit union and 29 A Street Realty Trust, says it will file detailed plans for the project within three months.