Oaktree FX, a partnership between Cambridge-based Oaktree Development LLC and Patrick Cleary of FX Investments, held a groundbreaking ceremony for a $32 million mixed-use development in West Concord on Monday.

Brookside Square will include 74 luxury apartments and 36,000 square feet of commercial and office space near the West Concord commuter rail station.

"Residents of Brookside Square will be able to shop, eat and enjoy the benefits of outdoor recreation all within a short walk of their home," Gwendolen Noyes, senior vice president of Cambridge-based Oaktree Development, said in a statement. "The complex is right on the rail and will not only provide access to Boston and Cambridge for the residents, but will also serve future employees of the commercial office space that wish to access public transportation."

The project team includes Oaktree Development, FX Investments LLC, The Boynton Co., Tocci Building Cos. and The Architectural Team, who collaborated with Oaktree in the use of its patented design system, GreenStaxx. Avison Young’s suburban brokerage team led by principals Jack Kerrigan, Steve Cook and Bill Sullivan to lead the leasing efforts for the office space.