Photo courtesy of Google Maps

An Israeli real estate investor that owns the Marketplace Center retail building next to Faneuil Hall Marketplace has notified Boston officials of a proposed office expansion that would more than triple the size of the property.

Gazit Horizons said it’s proposing a 120,000-square-foot vertical addition on the north side of the property, while removing the three-story steel canopy structure facing the Rose Fitzgerald Kennedy Greenway. The plans include an additional 10,000 square feet of ground-floor retail space, according to a notification letter to the Boston Planning & Development Agency.

“We believe the project realizes an opportunity to revitalize an unattractive, non-historic parcel along the Rose Kennedy Greenway at the apex of so many of Boston’s historic landmarks and neighborhoods,” Gazit Chief Investment Officer Alison Lies wrote.

The property is under separate ownership from the rest of the marketplace, which is leased to Ashkenazy Acquisition Corp. of New York.

Gazit Horizons will seek an amendment to the planned development area that applies to the property, and also will submit the plans to the Boston parks and recreation department for design review.

Gazit acquired the 60,000-square-foot retail condo at 200 State St. in 2019 for $81.8 million. At the time the property was 100 percent leased.