Once Wegmans comes to Fenway, the supermarket will have a whole new host of potential customers ready to purchase quality produce, thanks to yet another residential development.

The Boston Business Journal reports that the Hamilton Co. is set to break ground on an apartment complex in the Fenway neighborhood this Thursday.

The complex will go up near Ipswich and Hemenway streets, close to the Berklee School of Music, at 1085 Boylston St. for the cost of $14 million.

The six-story building will house 30 new one-bedroom apartments, averaging about 600-square-feet per unit. A parking development will hold 18 vehicles. Rent will reportedly average around $2,000 per month.

The Hamilton Co. bought the former 28,860-square-foot parking lot development for $2.6 million in 2011.

The building will include a “green roof” fitted with trees and landscaping that occupants will have access to.

Harold Brown, the founder of the Hamilton Co., told the BBJ that net proceeds from the new development will go directly to a community through the development company’s charitable foundation. Brown estimates that the property should generate $200,000-plus annually, once fully leased, for community organizations.

Since 2010, Brown said, the foundation has donated more than $1.2 million to numerous organizations and schools.

Samuels & Associates, the developer of the proposed Landmark Center expansion (Wegmans included), have already completed Fenway apartment projects, Trilogy and 1330 Boylston. Rent at these locations is a little pricier, starting at $2,900 for a one-bedroom, 623-square-foot apartment.

 

Image from gibsonsothebysrealty.com