The owner of the recently closed BP gas station at 4990 Fairmont Avenue today confirmed a report from real estate website bisnow.com that the property will be converted to a 17-story, 70-unit condo building near the heart of Bethesda’s downtown.

Owner Jay Hellman wouldn’t comment on the specifics of the plan for the property but did say “we’re working on taking it to the next stages of its life.”

Chevy Chase-based developer Starr Capital is a partner in the deal, according to bisnow.com.

A representative told the website it secured financing for the project in December and must be rezoned over a two year period before ground can be broken.

The site also includes a small office building.