A retail and office building near South Boston’s Andrew Square is slated for redevelopment as a 64-unit multifamily complex, the latest in a series of conversions on the MBTA’s Red Line corridor.

Currently occupied by surface parking and a single-story commercial building including a tax prep office and pharmacy, the half-acre property would be redeveloped with a 60-foot-tall, 79,000-square-foot residential building including 7,900 square feet of ground-floor commercial space.

Developer 267 Old Colony LLC proposes 59 garaged parking spaces. The designs comply with the Boston Planning and Development Agency’s Dorchester Avenue planning initiative, according to a letter submitted by attorney George Morancy. The planning study calls for rezoning of the commercial corridor between Andrew Square and Broadway for higher density multifamily and mixed-use projects.

Assessors records identify the property owner as Scituate-based Minot Colony Realty.

The property is across the street from Core Investments’ $400 million Washington Village project, which was approved in 2016 and gained a well-known partner with the addition of Boston-based Samuels & Assoc. to the development team in September.