Groundbreaking ceremonies were held Fall 2019 for a new 80,000 square foot commercial building at 11 Charles Street, the site of the former Ryan Family Amusements. The property was purchased by Cantella & Co., Inc., a financial services firm, currently renting office space at 350 Main Street, Malden. The top floor of the four story building will house Cantella’s corporate office, the middle two floors will be available for lease and the first floor will be made available for restaurant and retail uses. The building’s architect, Arrowstreet, designed the building using heavy timber making it the first timber office building in the Northeast United States. Construction should be completed fourth quarter of 2020.