The Boston Redevelopment Authority has given the go-ahead for a developer to construct a new 38-story apartment and retail tower near the TD Garden.
The board voted unanimously on Feb. 14 to approve the AvalonBay Communities Inc. project—Nashua Street Residences—which features 503 residential units ranging from studio to three-bedroom apartments and a two-story “retail arcade” that connects to TD Garden and North Station.
In 2006, the developer received BRA approval to construct a building with 363 units—a mix of condominiums and apartments. But economic conditions had put the project on hold until recently. The latest proposal was filed in November.
Proponents of the project said at the Feb. 14 BRA meeting that they had met with several neighborhood groups to review the plans and that they had listened when residents suggested they change some of the smaller units to three-bedroom units, giving families more housing options in the area.
The project also features 219 parking spaces.
Construction on the new Nashua Street Residences building is expected to begin later this year.
The company has two other residential buildings in Boston. Avalon at Prudential Center, 770 Boylston St., features studios and one-, two- and three-bedroom apartments with rent starting at $2,275 per month, according to the company website. Avalon Exeter, 77 Exeter St., in the Back Bay area, is nearing completion and expected to open this fall. The building features 187 apartment units ranging from studio to three bedrooms.