After selling the parking lot on King Street next to Bloomers, the City of Alexandria is preparing to review plans to build a new mixed-use development in its place.

Galena Capital Partners LLC plans to replace the parking lot with a four-story building. The development will have retail facing King Street on the first floor and residential uses on the floors above, with open space on the roof.

As part of the application, the developer is seeking flexibility for what to do with the back half of the first floor.

“The project additionally is seeking flexibility in either all retail at the ground floor or a mix with Live/Work units at the south side facing the public alley,” Galena Capital Partners LLC said in its application.

The project was already reviewed once by the Board of Architectural Review in late December and is scheduled for concept review at a meeting on Wednesday, April 1.

The lot was part of the same sale that included 116 S. Henry Street. Plans to turn the S. Henry Street lot into an automated parking garage are also being considered at the same BAR meeting.