The Zoning Board of Appeal this morning approved a plan by developer Cabot, Cabot & Forbes to build 440 apartments and condos in three buildings on Kilmarnock and Queensberry streets in the Fenway.

Each of the buildings would be eight stories.

The proposal includes 37 affordable units in the new buildings and a $6 million payment to a city affordable-housing fund, which will be used to preserve existing apartments in the Newcastle/Saranac Apartments in the South End as affordable. The developer will also reserve space in one of the new buildings for the K Street Clubhouse, which hosts recovery meetings aimed at the LGBT community.

The three buildings would have a combined total of up to 210 parking spaces in underground garages. Construction would mean the elimination of about 300 parking spaces now used for parking during Fenway Park events - which the developer points to as a benefit because it would reduce traffic in the immediate neighborhood.

The mayor's office and the Fenway Community Development Corp. supported the proposal.

Monty Gold, owner of the neighboring Restaurant Row, opposed the proposal over concerns about an alley between the two parcels being blocked during construction. Cabot, Cabot & Forbes agreed with a board request to try to iron out a resolution with Gold.

The BPDA board approved the project in January.

Project documents.