It was announced Friday that BBA Member Investors Corporation of Vermont will spearhead the redevelopment of One Burlington Square to create 50,000 square feet of “Class A” office space in the heart of Downtown Burlington.

The plan includes exterior improvements, additional parking and a new level of office space on what is currently the building’s roof. Investors Corporation of Vermont will also seek LEED Certification for the completed project.

“The renovation of One Burlington Square is a welcome investment in our downtown that will bring the building in line with our City’s larger goals of energy efficiency and environmental responsibility to keep Burlington strong and vibrant,” said Mayor Weinberger in the City’s press release.

The project has obtained the necessary permits, and will begin construction once UVM Medical Center has decommissioned the building, expected in February of 2017.