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Construction Progressing on New Assisted Living Development

Malden’s newest assisted living development is tentatively slated to open March 1, 2018 according to the owners, Volunteers of America, a non-profit. Forestdale Park Assisted Living & Compass Memory Support at 341 Forest Street contains 80 units of assisted living and memory care. It is built on the site of the former McFadden Manor, a city-owned nursing home. The owner reports it has more than half of the units under reservation at this time. The manager of the project is Senior Living Residences. Private investment in the redevelopment and preservation of the site totals some $28 million.  The project received historic tax credits for its preservation efforts.