Development is booming around Boston’s North Station and the recent opening of AvalonBay Communities’ 38-story apartment tower is the latest step in the once-sleepy neighborhood’s reawakening.

More than 74 leases have been signed since November and nearly 40 units are occupied on 7th through 11th floors of the 503-unit Avalon North Station as construction continues on the upper levels, said Scott Dale, AvalonBay’s senior vice president of development.

Studios start at $2,335 per month and 3-bedroom units begin at $5,435. Three-bedroom, 1,700-square-foot penthouses with balconies, hardwood floors, recessed lighting and premium appliance packages run around $12,000 a month. AvalonBay is offering up to six weeks free rent on two- and three-bedroom leases, said Tod Salmonson, senior community manager.

To learn more about Avalon North Station, click here