The Residences will include 256 new residences and 9,700-square feet of retail space in a glass and stone tower that will replace a parking lot in the shopping district near Downtown Crossing. The residences will include one- two- and three-bedroom units. Also consist of a 15-story residential tower across from the Ritz Carlton in downtown Boston, the latest developer to start work on a large housing project in the city, it will also include a 125-space underground parking garage.