Ashley Square will be a six-story senior housing community in Downtown’s Cathedral District.

Tampa-based Blue Sky Communities LLC and nonprofit Aging True Community Senior Services will invest $15 million to convert a 1.03-acre parking lot into 96 one-bedroom, 650-square-foot units and 24 two-bedroom, 900-square-foot units.

The lot is bordered by Beaver, Ashley and Newnan streets, west of the Stevens Duval Apartments.

The site plan also calls for a 160-space, ground-level parking garage with the apartments built above it.