Another supermarket property owner is seeking to maximize the value of its real estate in Boston by replacing surface parking with multifamily housing.

Kimco Realty submitted plans this week to redevelop the Whole Foods Market on Washington Street in Brighton, rebuilding a larger grocery store and cafe, while adding 270 apartments with a 323-space parking garage.

At 45,753 square feet, the two-level Whole Foods Market and cafe would be more than twice the size of the existing grocery. Plans also include a new 3,593-square-foot Citizens Bank, less than half the size of the existing branch.

Designed by Elkus Manfredi Architects, the project would rebuild the new supermarket on the western half of the property with an entrance at the corner of Washington and Allston streets, with four levels of apartments above. A second building including the bank branch and five levels of apartments is proposed on the eastern side of the property.

“The project seeks to replace what are currently small retail buildings and a large surface parking lot with a vibrant mixed-use development activated by ground-floor retail uses with housing above,” New Hyde Park, New York-based Kimco wrote in a project notification form to the Boston Planning and Development Agency.

The plans are subject to the BPDA’s Article 80 large project review. The multifamily use requires a special permit from the Zoning Board of Appeal.

The Whole Foods proposal follows Stop & Shop Supermarket Co.’s plans to redevelop its 11-acre property on Everett Street in Allston. Stop & Shop is seeking approval to build a new “flagship” grocery store, 1,050 apartments and a 300,000-square-foot office building in a project known as Allston Yards.