Developer Samuels & Associates is proposing to build a 22-story residential tower at the corner of Brookline Avenue and Boylston Street, replacing a dilapidated retail building with 320 residences and new stores on the ground floor.

The proposal, submitted to city officials Friday, would result in a modern masonry and glass tower on the triangular parcel currently occupied by a D’Angelo sub shop and other retailers.

The project, to be called The Point, includes about 33,000 square feet of new retail space—enough to accommodate multiple new restaurants and stores.

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Its construction would continue a decade-long transformation of Boylston Street in the Fenway, where Samuels & Associates has already built hundreds of new residences, restaurants and retail shops.

“This counts as among the most exciting of our projects in the Fenway,” said Peter Sougarides, a Samuels & Associates executive. “In the almost 15 years that we have been working with the neighborhood, this property has always been thought of as a gateway into the Fenway and a key element of the redevelopment of Boylston Street into an urban village.”

Designed by the architecture firm Arquitectonica, the building includes a two-story retail base and residential units above in three slender bars, with the center of the building jutting out to the corner of Brookline Avenue and Boylston Street.

In a statement, Mayor Thomas M. Menino offered support for the project, saying: “I’m confident The Point will be another bright spot in the evolution of Fenway.”

If approved, the building will include a mix of studio, one, two, and three bedroom units. An outdoor terrace with residential amenities will be located on the roof and a green roof will be located on the third level above the retail space. Parking will be contained in the adjacent Trilogy residential and retail complex.

A start date for construction has not been scheduled. It will likely take several months for Samuels to get approvals from city regulators.