RENTON, WA-The Boeing Co. is condensing operations at its 280-acre Renton plant and looking to rezone as much as 75 acres and sell it off for redevelopment.

The plant is on the water at the south end of Lake Washington, within the City of Renton. The eventual surplus acreage is the furthest from the lake, closer to Interstate 405. Boeing spokesperson Chuck Cadena tells GlobeSt.com there is no timeline for the property coming to market, but adds that construction of new office space closer to the airplane assembly buildings will begin this summer.

A source at the city tells GlobeSt.com the property could be on the market within a couple of years. That allows time for Boeing to create new space nearer the lake for the consolidation, for the state-required environmental impact statement, which the City of Renton will oversee and Boeing will fund, and for the public process during and after as the City decides how the property will be rezoned.

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