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Residences @ Malden Station Fully Occupied

Corcoran Jennison, the developer of the Residences @ Malden Station, an 84-unit market rate apartment complex at 39 Florence Street, reports that this transit-oriented apartment complex is fully leased. The tenant mix includes young professionals and graduate students who enjoy living in a downtown urban area just steps from the Malden Center MBTA Station on the Orange Line.

Private investment in this new market rate development is approximately $22 million.  

The Malden Redevelopment Authority has an easement on the site to operate the 85-space parking lot which is shared with tenants of The Residences @ Malden Station and the Heritage Apartments and short-term parkers visiting the downtown.  The rate charged for short-term parkers can only be paid by credit card.