We’ve all seen the red neon sign on Summer Street that reads “Boston Wharf Co. Industrial Real Estate.” Well, a developer would like to convert this building from commercial into mixed-use with 77 housing units in addition to commercial space.

Developer Adam Burns plans to convert the eight-story office building at 263 Summer St. into a mixed-use property with 77 housing units, according to an application with the city for a tax break under Mayor Michelle Wu’s conversion program.

Under the city’s office-to-residential pilot, owners of downtown office buildings can get a 75% residential tax break over 29 years. In exchange for the tax break, they must rent at least 20% of the units as affordable.

The building was recently acquired by Burns firm Boston Pinnacle Properties for $17M.

You can read all the details here.