Local developer, Combined Properties, Inc., has transformed the corner of Route 60, Jackson and Exchange Streets into a new residential building with 1,610 ground floor retail space. Exchange Street Apartments at 100-150 Exchange Street has 210 market-rate apartments with rents ranging from $1,925 to $3,200 per month. Ribbon cutting ceremonies were recently held to celebrate the opening and the developer reports 90% of the apartments have been leased. This transit-oriented development also has 225 on-site parking spaces for its tenants. The long-time vacant site was once home to a fitness center and prior to that a family-run supermarket.
Malden, as well as other communities along the Orange Line MBTA corridor, continues to draw interest from the residential development community.