Image courtesy of GSD Associates

The next phase of a transit-oriented development in Newburyport will include an 84-unit apartment building designed with Passive House principles.

MINCO Development Corp. received $30.6 million in construction financing from Rockland Trust Co. and Newburyport Bank for its Newburyport Crossing project at 3 Boston Way, next to the town’s MBTA commuter rail station.

One-quarter of the apartments will be income-restricted. The project is located in a Chapter 40R Smart Growth district, under a state law that encourages higher-density development near transit stations.

The building is designed with Passive House principles to reduce energy consumption by maximizing natural light and use of efficient HVAC systems, according to developers.

“Newburyport Crossing at Three Boston Way is the start of what we’re seeing as a new wave of carbon-conscious development and we’re honored to be a part of this important work,” Rockland Trust Senior Vice President Nancy Bailey said in a statement.

North Andover-based MINCO Development previously developed the adjacent One Boston Way complex which opened in 2021 and includes 76 apartments.