Plans are in the works to redevelop the plaza off Clay Pond Road that once housed a Grand Union grocery store.

The prospective new owners of the property plan to turn a section of the overall site into self-storage units.

Town records show that the property is currently owned by the Claybourne Trust and managed by Winslow Property Management in Lexington. The site now is under a purchase-and-sale agreement with Clay Pond Acquisitions, LLC, which has a Massachusetts address in Lynnfield, but whose managers are based in Manchester, New Hampshire.

Stop & Shop has a lease on the store section of the property. The company signed a 15-year lease in 2009, but never moved a store into the space.

In addition to the empty store building, the property includes Liquors N’ More and Pizza by Evan.

The project went before the Bourne Planning Board on May 23 for an informal discussion of the proposed plans. The idea is to repurpose into storage units the portion of the mall that housed the grocery store. Additional storage units will be constructed in the existing parking lot in front of the store.

The end of the plaza that houses Pizza by Evan and Liquor ‘n More will remain retail space.

The proposal is scheduled to go before the Cape Cod Commission for review as a Development of Regional Impact. Project proponents expect a hearing to be scheduled for next month. Following that hearing, the project will be brought before the planning board again for full site plan review.

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