After six years of little to no progress, City Realty sold the lot of 76 Ashford St. to BU this June. Approved by the City of Boston Planning Department, the project by real estate developers, City Realty, will feature 254 residential units and 1,875 square feet of retail space, along with bicycle storage and off-street parking spaces.

BU raised the rates of its traditional-style residences 3.86% this year, the largest increase since at least 2016.

Rental prices in Boston have returned to pre-pandemic rates after an influx of people returned to the city following a year of remote work and learning.