Grand Central Suites

An artist rendering of the Grand Central Suites project proposed for Central Street in Manchester.

Manchester aldermen Tuesday approved three years of tax breaks for a Massachusetts developer to tear down the former Athens Restaurant and Central Ale House in Manchester and build a new eight-story apartment building with 77 apartments.

The building at 21 and 31 Central St. — to be called Grand Central Suites — will include one- and two-bedroom units and nearly 2,000 square feet of commercial space, according to the plans. The rents will range from $2,000 to $3,000 a month, according to project documents.