Dartmouth Hero

11 Dartmouth Street, Malden

A new urban development, adding a city experience at a suburban price point

For the first time in a generation, this neighborhood has a ground-up private sector commercial building to help establish Malden’s new commercial hub. With exceptional transit and walkable amenities, an environmental and wellness focus, and spectacular views from its roof deck, this project offers an upscale tenant experience on par with the best downtown buildings.

Overview

  • Existing 12,000 SF office and 50 space surface parking lot

  • Located in an Opportunity Zone within the City of Malden’s emerging central business district, with exceptional transit and walkable amenities

  • Acquired off-market in a portfolio transaction with 21 Pleasant Street

  • Quaker Lane successfully permitted 190,000 GSF of office or lab with below grade parking

190,000 SF

Class A office / lab

Dec 2019

Acquisition date

Q4 2024

Anticipated delivery

Dartmouth Business Plan

Business Plan

  • Obtain special permits to improve development density and use; successfully achieved 3 additional floors as-of-right and ability to develop R&D

     

  • Design for tenant optionality and pre-lease the planned building

     

  • Negotiate construction pricing and contracts

     

  • Capitalize vertical construction

     

  • Develop and lease office or lab space

Community Impact

Neighborhood Revitalization: Represents the first ground-up, private sector commercial building in a generation for Malden, helping to establish Malden’s new commercial (and potential life sciences) hub

Local Community Support: Project will contribute funds to the Malden Affordable Housing Trust, along with streetscape/traffic improvements

Multimodal Access: Proximity to Malden Center’s MBTA Station (Orange Line and Commuter Rail access) encourages mass transit

Equitable Tenant Experience: Class A design provides tenants with an ‘urban’ tenant experience at an attainable suburban price point, with amenities and building features typically found in pricy downtown Boston buildings

Environmental and Wellness Focus: Building is targeting LEED certification and exploring wellness-focused certification programs

Indoor/Outdoor Connection: Substantial roof deck on top of the building provides a meaningful enhancement to the workday and spectacular views all the way to Boston