Northeastern Moves Forward With Student Housing Project

The 23-story Boston tower will include up to 1,300 beds.

Northeastern University has received final approvals from the Boston Planning and Development Agency to build a 23-story student housing community serving its Boston campus. The project, which will include up to 1,300 beds, is being developed in partnership with American Campus Communities.

Other development partners include architecture firms Elkus Manfredi Architects and Studio Luz Architects, along with structural engineer McNamara Salvia.

Northeastern University also plans to allocate $1 million to Boston’s Department of Neighborhood Development. This funding aims to enhance housing stability and promote wealth creation in the nearby neighborhoods of the project.

The high-rise, which is expected to cost about $350 million, is scheduled to open in the fall of 2028, public records show. Construction is set to begin next year.

Built according to LEED Gold standards, the community will consist of four-bedroom floorplans with two baths, along with some 4,000 square feet of retail space. Common-area amenities will include a social lounge, fitness center, study area and laundry room, as well as 11,000 square feet of community space.

The building will rise at 840 Columbus Ave., replacing a parking lot owned by Northeastern University since 1997. The university campus and downtown Boston will be within 3 miles, while the South Bay Center shopping mall will be less than a mile away.