BOSTON-Beacon Capital Partners, Inc. will develop the Midway District of the Fort Point Channel section here in the South Boston Waterfront District. The company submitted its $300 million development proposal to the Boston Redevelopment Authority.

The proposal for the seven-acre parcel of land, which is right near the planned Convention and Exhibition Center, involves renovating the existing brick warehouse buildings, which would provide 125,000 sf of live/work space for the artist’s community in this area and 127,000 sf of office and retail space.

The company also plans to build two new office of 12 and 25 stories each, providing an additional 1.5 million sf of space. This space would be used for office, retail, a pedestrian gallery and a restaurant.

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