Image courtesy of Architectural Resources Cambridge, Haworth Tompkins Ltd. and Harvel

Harvard University next Allston development proposal includes a new home for the American Repertory Theatre and 264 affordable housing units for faculty and graduate students.

The project would redevelop 175 North Harvard St. as a 276,000-square-foot residential complex and 68,000-square-foot arts center with capacity for 1,000 patrons.

The theater currently is located in the Loeb Drama Center at 64 Brattle St. in Cambridge. In 2019, Harvard received a $100-million donation from alumnus David E. Goel and his wife Stacey Goel for a new theater. Goel is managing general partner of Waltham-based Matrix Capital Management.

The 276,000-square-foot residential building would include 264 housing units for graduate students, faculty and staff, according to a submission to the Boston Planning & Development Agency. The 68,000-square-foot arts center would include two theaters, rehearsal and support space, offices and an outdoor performance yard.

The development will replace a 1-story commercial building located on a 2.7-acre site.

Members of the project team include performance center architect of record Architectural Resources Cambridge and London-based design architect Haworth Tompkins Ltd. and housing architect Harvel of New York.

Gentrification and displacement in Allston became a major issue in the BPDA’s review of Harvard’s 900,000-square-foot Enterprise Research Campus on Western Avenue. After residents and elected officials protested the original proposal, Harvard and its private development partner Tishman Speyer agreed in July to include 25 percent affordable units and establish a $25-million Allston-Brighton affordable housing fund.

Harvard University Housing currently owns 2,900 apartments, including 700 in Allston.