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Economic Development

Malden Receives Additional MassWorks Grant for Downtown Revitalization

Mayor Gary Christenson and State Representatives Paul Donato and Steve Ultrino were pleased to accept an $850,000 MassWorks grant during a recent State House Ceremony held with Lieutenant Governor Karyn Polito and Secretary of Housing and...

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Small Squares Improvement Projects

In addition to Malden Square, the City of Malden boasts several "small squares" which are gateways to various neighborhoods across the community. In recent years the Malden Redevelopment Authority worked with city officials to bring improvements...

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New Police Headquarters Open for Business

The new Malden Police Headquarters is open for business.  The 24,000 square foot facility is located at 800 Eastern Avenue.  This is the first phase of a plan by the City to revitalize Malden Square by demolishing the existing City Hall and...

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Construction Underway at Former City-Owned Nursing Home Site

The non-profit, Volunteers of America, started construction on an assisted living and memory care facility being built on the site of a former city-owned nursing home at 341 Forest Street.  The estimated private investment in the project is $28...

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New Apartments, Restaurant and Retail Space Under Construction at River's Edge

Members of the Mystic Valley Development Commission (MVDC) recently toured the new residential development at 150 River's Edge Drive being developed by Preotle, Lane & Associates Ltd. (PLA) and Criterion Development Partners. The building...

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480 Main @ Malden Square Sold for $73.5 Million

The 195-unit apartment complex known as 480 Main @ Malden Square has been sold. New owner of the complex is DSF Group of Waltham. It was reported in The Real Reporter LLC that DSF Group, backed by $45 million in financing from AXA Equitable Life...

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MAPC Study Shows Downtown Parking Needs to be Better Organized

The Metropolitan Area Planning Council (MAPC) released its final report of findings on a Malden Center Parking Study that highlights the needs and challenges facing local businesses, consumers and visitors to the downtown Malden area. The MAPC is...

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New Downtown Apartment Building Nears Completion

Local developer, Combined Properties, Inc., is transforming the corner of Route 60, Jackson and Exchange Streets into a new residential building with ground floor retail space.  Exchange Street Apartments at 150 Exchange Street will have 201...

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Mystic Valley Development Commission Awarded DEP Grant

The Patrick Administration awarded an $18,505 grant to the Mystic Valley Development Commission to repair damage done from past oil spills to the Lower Mystic River Watershed that includes the Malden River and the Lower Mystic River in Medford. ...

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