The former Home for Little Wanderers property will be torn down due to a ruling by a city board.
The Boston Zoning Board of Appeal approved the project Tuesday morning, which will bring a new building of rental apartments to 161 So. Huntington Ave.
Boston Residential Group will build a development at the site that will contain 196 one, two and three-bedroom rental units – 33 of which will be designated affordable housing, according to a statement from Bishoff Communications on behalf of BRG.
“It will also enable The Home for Little Wanderers to exit the property, pay for its new residential program in Walpole, and sustain the organization’s future,” the statement says.
Additionally the site will generate property taxes for the first time in 100 years, according to the statement.
BRG estimates the project will be ready for occupancy in spring 2014. The project will cost $75 million, according to the statement.