In a statement Wednesday, Northland said it was grateful for the support it had received, and was excited to make its project a reality.

“We look forward to demonstrating to voters that the Northland Newton Development is a national model of affordable housing, sustainability, transit demand management, historic preservation, open space, master planning, and amenities, that will significantly benefit the Newton community,” the statement said.

The region’s development community is also paying close attention to whether a citizen-led referendum can derail a municipally approved project, according to Greg Vasil, chief executive officer and president of the Greater Boston Real Estate Board.

“People will have great pause about doing business in Newton,” Vasil said. “To spend the time and money a developer does, [only] to be submarined by a local citizens group, that is too much of a risk.”

Northland’s approved project includes 800 apartments, with 123 affordable units and 20 units designated as workforce housing. It also would have 180,000 square feet of office space and 115,000 square feet of retail and community space.

The project would consist of 14 buildings erected on 22 acres at the intersection of Needham and Oak Streets; 10 acres of the property would be left as open space, according to the developer.

Local advocates for affordable housing, environmental protection, and business favor Northland’s project, as does Mayor Ruthanne Fuller.

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