In the thick of one of Boston’s fastest burgeoning luxury living scenes, there could be one development that caters strictly to those who qualify for affordable and middle-income housing.

Just a stone’s throw from the TD Garden – neighboring The Victor, Lovejoy Wharf and what’s poised to be one of the largest mixed-use projects in the city, Boston Garden – is a vacant lot designated as Parcel 1B. Developer Related Beal is hoping to gain approval from the Boston Redevelopment Authority to construct 239 residential units for people who earn between 30 percent and 165 percent of the area median income.

The BRA’s latest report of the median income for Bulfinch Triangle indicates it’s around $77,128 as of 2013.

According to Related Beal’s latest filing with the BRA, the firm is looking to build a 484,000-square foot development, of which 248,000-square feet would be tapped for 239 residences. A 220-key room hotel would also be erected on-site, as would 10,000 square feet of restaurant and retail space on the ground floor.

Ten percent of the residences will be three-bedroom units to be used exclusively for families in need of affordable housing.

An above-grade parking garage would house some 220 vehicles.

Ted Lubitz, who joined Related Beal as its Vice President and was charged with growing the company’s affordable housing platform, realized the vast potential of the site in question.

“We took the site and really looked at what was there, how we could make it work,” said Lubitz. “We came up with a plan that sort of combines a mix-ed use development and has got a few engines in the project that a traditional development wouldn’t – hotel component, retail component, parking component.”

If the BRA gives Related Beal the green light, ground could break as early as 2015 with an estimated completion date of 2017.

On Tuesday night, the BRA will host a public meeting to inform locals of modifications Related Beal is making to its proposal, including raising the building’s height by six feet, increasing the number of hotel rooms from 219 to 220 and also to solicit feedback on the development being 100 percent workforce and affordable.

The project falls in line with Mayor Marty Walsh’s call for cheaper housing options for middle- and low-income earners as part of his Boston 2030 housing plan to make 53,000 new units available by the year 2030 – 44,000 of which should be specifically aimed at middle income residents.

“There really are not a lot of places for middle-income people within the city limits,” said Lubitz. “Rents in Boston, on the market side, they’ve grown anywhere from 5 to 10 to 15 percent whereas deed-restricted housing doesn’t have that rent growth.”

In that regard, Related Beal’s project is strategically placed. Not only is it situated in a dense area with plenty of happenings and viable public transportation, it’s in a locale seeing development at breakneck speed and the negative effects could be starting to show for some.

Local staple Hilton’s Tent City is contemplating a move out of the Bulfinch Triangle, which Related Beal’s project sits on the fringe of, and out of Boston completely because of rising rent in the area.

The neighborhood, one manager at Tent City told me, is quickly becoming one dominated by luxury living, swanky nightlife attractions and fresh new restaurants.

That’s being fueled in part by higher-end developments like the aforementioned The Victor, Lovejoy Wharf and Boston Garden, as well as One Canal, Avalon North Station, 131 Beverly Street and the Government Center Garage’s complete overhaul.

Parcel 1B was formerly the site of the proposed Merano development. Put forth by Boston Development Group, The Merano was to be a development split between two hotels, one for short-term stays and the other for long-term, with accompanying restaurants and retail.

Related Beal’s proposal isn’t much different, aside of course from the 100 percent affordable housing aspect, but the size and scope, as well as hotel inclusion, is reminiscent of The Merano. Related Beal’s modifications came after it overtook ownership of the property.