A new development project will bring more than 1,400 residential units to South Boston, including income-restricted and senior-living residences. 

The Boston Planning & Development Agency approved the 475-511 Dorchester Ave. project at its October meeting. The project area is located just outside Andrew Square. 

The On the Dot development will be designed in phases and when complete will include 11 new buildings designed for a range of uses including office, life science, residential, retail, restaurant, commercial and community uses. Twenty percent of the ground floor retail and commercial space will be deemed affordable for local, diverse and independent small businesses, according to the filing. 

Five buildings will be residential and include 1,460 residences, including 248 income-restricted units and 94 senior living units. Bicycle storage for residents, employees and visitors will be available in each building. 

The project will bring to the community more than three acres of open space and include planting 200 trees. It’s also located close to the MBTA Red Line, as well as several area bus routes.

The development is set to bring several community benefits with it, including supporting affordable housing with a $30.7 million contribution as well as jobs training with a $5.6 million payment and $18.9 million in transportation mitigation. The project will also contribute $1.2 million to the city’s bikeshare program.

It will also will create an extensive street system to accommodate the increase in pedestrians, bicycles and car traffic the development will bring. 

The On the Dot development project also supports the city’s sustainability goals. Designed to minimize fossil fuel use, the project is all electric. Additionally, to protect against future flooding, the first-floor elevations of each building will be set at or above the required seal level rise design flood elevation. Grades will also be elevated.