A partnership with two developers would allow a Fenway church to make repairs to its 62-year-old property while creating a 115-unit mixed-income housing project.
Transom Real Estate of Boston and Cohasset-based Harbor Run Development propose the project on an undeveloped portion of the Holy Trinity Orthodox Cathedral property at 165 Park Drive.
The project would provide funding for repairs to the church building, while creating a mix of market-rate apartments and income-restricted condominiums, developers said in a filing with the Boston Planning & Development Agency.
The “unique partnership” would enable the affordable condos to be developed on a faster timeline than normally associated with affordable housing financing, according to developers, in the neighborhood with Boston’s lowest home ownership rate. The project would receive financial contributions from the proposed 1400 Boylston St. project, where Samuels & Assoc. is proposing a 553,000-square-foot life science building to replace the Star Market.
Designed by The Architectural Team of Chelsea, the proposal includes two 7-story buildings on the rear of the 1.4-acre site. One building would include 48 affordable condos reserved for households earning as low as 80 percent of area median income.