YORKTOWN, N.Y. – A plan calling for the demolition of Murphy's Restaurant, which would be replaced with a 40,000-square-foot retail and office building, has been filed with the Yorktown Planning Department. A 2,925-square-foot bank is also being proposed for a piece of vacant land on the corner of Kear Street and Route 118.

The plan involves four parcels: Murphy's Restaurant (355 Kear St.), Coldwell Banker (366 Underhill Ave.), the Grace Building (360 Underhill Ave.) and the vacant Kear Street land. The Grace Building and Coldwell Banker would remain intact, according to the plan; however, new parking would be created around the buildings. The development features one continuous parking lot and is accessible from Underhill Avenue and Kear Street.

The Grace Building is owned by Supervisor Michael Grace. He did not immediately return a phone call.

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The plan will be discussed at Monday's planning board meeting, according to an agenda released Friday afternoon. The discussion will take place during the work session portion of the meeting and will not be televised.

This story is developing. Check back for updates.