The Hamilton Co. recently broke ground on a new six-story, 49,000-square-foot apartment building in Brighton.
The property, located at 40 Malvern St., is the first step in the company’s plan to invest $100 million in Packard’s Corner, in Boston’s Allston neighborhood.
The complex is expected to be completed in September 2016, and will have 48 units, each with two bedrooms and two baths. The units will average 900 square feet and the top-floor units will have views of the Charles River. Rents will start at $2,600 a month.
Amenities for residents will include off-street parking, a “green” roof garden and access to both a Hamilton-owned recreational facility and the MBTA.
“This project is an excellent example of a transit-oriented development that will transform a parking lot into much-need housing,” Brian Golden, director of the Boston Redevelopment Authority, said in a statement. “I congratulate Hamilton Co. on its success, and I look forward to seeing the building come to life.”
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