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ALLSTON, MASS. — The Mount Vernon Company has purchased a 40,000-square-foot site on Griggs Street in the west Boston town of Allston for $4.8 million to develop a new multifamily community. The developer will construct a five-story building containing 100 studio and one-bedroom apartments. Units will be as large as 1,000 square feet and amenities will include a rooftop deck, a security desk, a fireplace-lit lobby and 101 on-site parking spaces. The $23 million project will be near the intersection of Griggs Street and Commonwealth Avenue, adjacent to a 150-unit property Mount Vernon already owns. The project architect is The Architectural Team. The seller in the land deal was Leggat McCall.