Two years after it won city approvals, work on another skyline-altering tower, this one near North Station, is finally set to begin this summer.
Equity Residential said this week that it has “all the necessary approvals” to demolish the Garden Garage on Lomasney Way and begin site preparations for a 44-story, 469-unit apartment building.
It aims to demolish the garage this summer and start work on the tower itself later this year, company executives told analysts Wednesday.
The $410 million project has been dormant since winning approval in early 2016 from the Boston Planning & Development Agency, amid opposition from some West End neighbors.
When it opens in 2021, the building will join several other new towers in the blocks around North Station. Avalon Bay last year opened a 38-story apartment building across the street.
HYM Investment Group recently launched work on a 45-story apartment and condo tower atop the Government Center Garage. And Boston Properties has begun building a 38-story apartment tower on top of North Station.
The flurry of construction comes amid a leveling-off of rents, especially for high-end units in the core of the city. But developers are pushing forward, saying they’re confident there will be enough demand to fill the buildings.
Tim Logan can be reached at email@example.com. Follow him on Twitter at @bytimlogan.