A developer has set its sights on overhauling the modest retail centers at a popular intersection in Arlington’s Buckingham Historical District in favor of a large, mixed-use development.

Georgetown Strategic Capital has drafted preliminary plans to tear down the buildings on the west side of the North Glebe Road and North Pershing Drive intersection, which currently house a CVS, Glebe Market, Popeye’s and several other small stores, and replace them with a four-story building with significant commercial, retail and residential space.