Devonwood Investors has retained HFF’s Boston office to raise financing to convert the Burlington Town Center enclosed retail property in Burlington, Vermont into a $250 million mixed-use development.

The project will include more than 1 million square feet of housing, retail and class A office space. New York-based Devonwood recently received Burlington City Council approval to redevelop the property after a two-year public process.

Completed in 1976, Burlington Town Center attracts more than 3.5 million annual visitors. The redevelopment plan calls for up to 235,000 square feet of additional retail space including a new podium with outward-facing restaurants, cafes and stores.

The 325,000-square-foot office segment includes a preliminary commitment for 110,000 square feet by UVM Medical Center, according to published reports. The housing portion would include 274 market-rate and affordable units, potentially including student housing.

HFF’s Coleman Benedict and Porter Terry are representing the developer on the debt and equity placement.