New Boston Fund Inc. and Asian Community Development Corp. (ACDC) have closed on the financing and ground lease for One Greenway, a 362-unit, mixed-income development in Boston’s Chinatown neighborhood.

"One Greenway and its 362 units of housing will bring added vitality to Hudson Street, creating a true neighborhood feel," Boston Mayor Thomas Menino said in a statement. "The 145 affordable units will help keep Chinatown residents in their neighborhood, while standing as an example of public-private partnership at its best. It shows what we can do when we all work together."

A representative for the project declined to comment on the amount of financing the project has received, but said that the total cost of the development is estimated at $170 million.

Located just four blocks from South Station at the corner of Hudson and Kneeland Streets, One Greenway’s residential units will reside in two buildings that bookend a third of an acre of publically accessible open space. The 312-unit North Building includes 217 market rate rentals and 95 affordable rentals, while the South Building, to be built in a subsequent phase, will contain 50 affordable condominiums. Affordable rent and ownership units for low and moderate-income households account for 40 percent of all units.

The project also includes 135 garage parking spaces, approximately 8,500 square feet of retail and community space, as well as a new pedestrian connection between Hudson Street and Albany Street.

 Construction for the North Building is slated to be complete in the summer of 2015. Suffolk Construction is the general contractor and ADD Inc. is the architect.