A Worcester real-estate business wants to develop 44 apartments in a three-story building on Shrewsbury Street.

The property on 172 Shrewsbury St. is owned by Parkside Holdings Inc. and consists of a three story building with a one story building attached at the building’s back, according to property records.

Parkside Holdings Inc. seeks to renovate the building to develop 44 apartments, according to an application submitted to the Worcester Zoning Board of Appeals. The building was previously used as office space, the application reads.

The proposal would also add two additional stories to the one-story building.

Of the 44 units, 39 will be studios and five will be one-bedroom apartments, the application reads. Three of the 44 units will be affordable for those making no more than 60%

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