Image courtesy of CBT Architects

The Harvard Club is proposing to build a 134-unit apartment complex on a portion of its Back Bay property after shelving plans for a boutique hotel.

Boston-based Trinity Financial is partnering with the private alumni club on the project at 415 Newbury St. The proposal includes an 11-story building with four floors set aside for club locker rooms and athletic facilities and 95 housing units on the upper floors, along with a three-story building containing another 39 units.

The private alumni club picked Trinity Financial in 2019 as partner in the project, which began its Boston Planning and Development Agency review this week.

Details of the project’s compliance with Boston’s inclusionary development policy will be determined during the BPDA review, the notification form stated.

The project would include 125 surface and below-grade parking spaces, 108 of which would be reserved for the Harvard Club.

The property sits next to a busy construction site as Samuels & Assoc. builds the first Massachusetts Turnpike air rights project in four decades on MassDOT parcel 12, including a citizenM hotel and office-lab tower anchored by CarGurus’ future headquarters. The Harvard Club estimates its construction timeline would be 24 months.