Image courtesy of ICON Architecture

Trinity Financial has unveiled a proposal to redevelop a Dorchester commercial property that’s been eyed for multifamily housing since 2016.

The developer submitted plans for a 74-unit housing project known as Shawmut TOD. The two-thirds-acre parcel at 140-150 Centre St. includes a former auto body shop and garage located just south of the MBTA’s Shawmut station.

Trinity proposes a 4-story, 68,400-square-foot building, with 45 of the 74 units reserved for households earning 30 to 80 percent of area median income, or $25,000 to $111,000 per year. Rents would start at $736 per month.

“A transformative opportunity is clearly inherent in the current site,” developers stated in the a project notification form to the Boston Planning & Development Agency.

At 46 feet, the building height is designed to match the scale of neighboring residences. Designed by Icon Architecture, the project includes a mix of studio, one- and two-bedroom units and a 39-space underground garage.

Although a recent change to Boston zoning waives minimum parking requirements for developments with at least 60 percent income-restricted units, developers agreed to include on-site parking in response to neighborhood comments, the submission said.

Trinity Financial acquired the rights to develop the property in 2018 and has met with neighborhood groups, including the Saint Mark Civic Association and Melville Park Neighborhood Association, resulting in a reduction from its original plans for up to 100 units in a 6-story building. Community objections included insufficient parking, additional traffic and excessive height.

‘In the face of strong community opposition, the proponent abandoned the project at that time,” developers wrote in their filing. In 2020, the asking price was reduced, making a smaller project possible.

Trinity Financial has developed nearly 1,000 apartments and for-sale housing units in Dorchester over the past 35 years, including the Treadmark and Carruth projects.