Dive Brief:

• Boston-based developer Noannet Group has lodged plans with the city for a 521-unit multifamily development on a former industrial site in the city’s Hyde Park neighborhood, according to the Boston Globe.

• Under the plan, Noannet will build 453 units targeting middle-income tenants and 68 affordable housing units. The 556,625-square-foot development will comprise four buildings and include a 150-seat restaurant, below-grade parking, co-working spaces, a childcare center and fitness facilities among its amenities.

• The developer told the Boston Planning and Development Agency that it would like to demolish several industrial buildings in the Readville area of Hyde Park to make way for the scheme, which will be located near a commuter rail line as well as bike- and car-sharing outposts.

Dive Insight:

The Noannet project is the latest in a line of transit-oriented developments aimed at providing sustainable mixed-use communities built around easy access to rail transportation.

Earlier this week, Comstock Homes of Washington announced plans to team up with real estate investment company Stratford Capital Group to build a four-story property with 110 workforce-housing units near a key Maryland suburban station in Washington, DC's Metro rail system.

In October, the Honolulu City Council gave the thumbs up to a transit-oriented development that will see a $700 million mixed-use development built around a proposed light rail station. The plan includes a 36-story tower with a 125-room luxury hotel, 109 condominiums, a bar and a restaurant.

Boston’s rail infrastructure has come into the spotlight in recent months after state officials voted in May to proceed with a $2.3 billion, "scaled-down" iteration of a planned extension to its Green Line light rail. The updated plans got the OK from Federal Transit Administration Regional Administrator Mary Beth Mello but still face a $73 million funding gap.

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