A new transit-oriented development is expected to bring more than 124 apartments to Roslindale. 

The project, located at 361-371 Belgrade Ave., was approved by the Boston Planning & Development Agency March 16. 

Once complete, the five-story building will contain 124 units, 21 of which will be income-restricted. The units will include 22 studios, 51 one-bedroom units, 16 one-bedroom plus units and 35 two-bedroom units. 

The building will also include 2,950 square feet of ground-floor retail space, 83 below-grade parking spaces, including electric vehicle spaces, and 125 indoor bike parking spaces. 

The transit-oriented development is within walking distance of the MBTA Commuter Rail and bus stops. 

It will also bring several community benefits including streetscape improvements. The intersection of Belgrade Avenue and Anawan Street will be realigned to shorten the crosswalk. Additionally, wider sidewalks will be created along with bike lanes on Belgrade Avenue. 

The project also includes a $49,000 contribution to the Boston Transportation Department in support of the city’s bikeshare program and operation of a Bluebikes station at the site. 

The project will also pay $45,000 to the MBTA to support new bus shelters as well as sidewalk repairs near its Bellevue Commuter Rail station.