Image courtesy of New England Development

Construction of 165 housing units and new Stop & Shop Supermarket is set to begin this month in a redevelopment of an 11-acre strip mall bordering the Massachusetts Turnpike.

Boston-based New England Development is partnering with Maryland-based Southside Investment Partners and residential management firm Bozzuto on the Allston Yards project, located at 60 Everett St.

The four-building, 1.2 million-square-foot multi-phased project will include a 350,000-square-foot office-lab building scheduled to break ground in the third quarter of 2022, and a total of 868 apartments and condos. The project will include a total of 117,000 square feet of retail space, including the new 87,200-square-foot Stop & Shop.

An affiliate of New England Development closed on the acquisition of a 2.5-acre parcel from Stop & Shop Co. this week for $51.5 million, according to a Suffolk County Registry of Deeds filing.

Developers will contribute $1.25 million to a fund supporting affordable housing creation in Allston-Brighton, in partnership with the Department of Neighborhood Development’s Boston Home Center.