Plans to replace a stretch of shuttered Market Street storefronts with a glistening glass mall will be outlined for the public on Wednesday by developers.

City Place would be built by 2012 as a 250,000-square foot mall featuring seven stories of shopping, including two underground levels, on a one-acre site currently occupied by three buildings on the south side of Market Street between Fifth and Sixth streets.

The developer, Urban Realty Co., has announced a community meeting 6 p.m. Wednesday at 901 Market Street to explain the project to neighbors and other residents.

The Planning Commission is scheduled to hold a hearing on Dec. 10 to discuss and certify the project’s 325-page environmental impact report, which was recently published by the Planning Department.