Brennan Group, Corcoran Jennison Deliver Transit-Oriented Development to Malden Center
An official ribbon-cutting ceremony was held this week to celebrate the official opening of Residences at Malden Station 138, a transit-oriented, mixed-use development just steps from the Malden Center T Orange Line stop. Comprised of 69 market-rate apartments and 6,500 square feet of retail space, the project was developed by a joint venture between The Brennan Group and an affiliate of Corcoran Jennison. The development is part of an ongoing effort to revitalize Downton Malden while also preserving a historic landmark and providing much-needed market-rate housing for the region.
The ceremony was attended by approximately 50 people, including Janelle Chan, the Undersecretary for the Massachusetts Department of Housing and Community Development (DHCD); Mayor of Malden Gary Christenson; State Representatives Paul Donato & Paul Brodeur; City Councillors Neal Anderson & Stephen Winslow; Malden Redevelopment Authority Executive Director Deborah Burke; the Malden Historic Commission; and representatives from The Brennan Group, Corcoran Jennison, Tremont Preservation, and other key development personnel as well as residents from the City of Malden.
“With transit-oriented development, transit supports the housing and the development around it, but the development also supports the infrastructure of transit,” said Chan. “At DHCD, I am very proud to support projects such as (the Residences at Malden Station 138). This is a thumbs-up winner for all of us.”
“If we just work together, good things can happen. This is evidence of that,” added Mayor Christenson. “This could have been (a project) where people would come in and just demolish the building, and for that not to happen…it’s just worth repeating how fortunate and grateful we are to both (Corcoran Jennison and The Brennan Group) for making this happen.”
Designed by Russell Scott Steedle and Capone Architects, the project involved the thoughtful restoration of the original Browne-Masonic Building, constructed in 1895, and the construction of an addition to the building on Exchange Street. Built in the neo-classical style with a yellow brick façade marked by arched window bays of Roman form, the building is listed on the National Register of Historic Places. The Malden Masonic Lodge Square and Compasses symbol that once hung on the façade of the iconic building was gifted to the Malden Historical Society by the development team.
The Residences at Malden Station 138 is comprised of a mix of studio, one and two-bedroom units, and the pet-friendly apartments (ranging from $1,850 – $3,100) were fully leased within months. The development is a four-minute walk to the T stop, with a 15-minute ride to Downtown Boston. A host of shops, restaurants and a grocery-anchored shopping center are within walking distance, as is the historic Fellsmere Park and Pond. Amenities include the approximately 3,500 square-foot Community Center in the Great Room (which is also available for functions), a 24-hour, fully-equipped fitness center, and a roof deck with skyline views of Boston. The walls and common areas are adorned with artwork provided by TMD Design and Boston Art Inc, and each unit is equipped with Energy Star-rated appliances and granite countertops.
The commercial space is occupied by Eastern Bank and Aura Beauty Lounge, an upscale spa, with some retail space still available for lease. The project was financed through Federal and State Historic Tax Credits, the Commonwealth of MA Housing Development Incentive Program (HDIP) Tax credits, a City of Malden Tax Increment Exemption (TIE) Agreement, and owner equity, as well a construction loan provided by Eastern Bank.
“This building was facing the wrecking ball, so we’re very happy that we were able to restore this public gem,” said Jack Brennan, president of the Brennan Group. “But we must also remember that what makes this project so unique is that it is a great example of how public-private partnerships can work to the benefit of all.”
New luxurious residences now leasing at Jamaica Plain's MetroMark ApartmentsResidences are now leasing at MetroMark Apartments, a newly opened luxury apartment community located in Jamaica Plain steps to multiple parks, a variety of retail options and the Forest Hills rapid transit station. The first phase of MetroMark, a new building at 3615 Washington Street, opened this fall. The next building at MetroMark, 3611 Washington Street, will open in early 2017. In total, MetroMark will feature approximately 283 rental residential units and 5,000 square feet of retail space. Residents at MetroMark have access to multiple amenities including a roof terrace with sweeping Boston skyline views and multiple indoor and outdoor resident lounges. The following are photographs of MetroMark:
MetroMark Apartments now leasing and occupied, nearing full completionResidents have moved into the first building at MetroMark Apartments, now leasing in Jamaica Plain steps to the Forest Hills rapid transit station. Visit MetroMarkApts.com for additional leasing information. The $95 million, 300,000 square foot MetroMark Apartments will feature 283 rental residential units and 5,000 square feet of retail space across four new buildings. Exterior finishes are just about fully installed at the second building at MetroMark Apartments, and installation of finishes is well underway along the third and fourth buildings' facades. Fireproofing and windows have been installed along the exteriors of all four buildings; MetroMark Apartments is fully topped off. The following are photographs of MetroMark Apartments:
Nearly 300 transit-oriented housing units coming to Jamaica Plain's Forest HillsMetroMark Apartments, a four-building transit-oriented mixed-use development containing approximately 283 rental residential units and 5,000 square feet of retail space, will soon open in Jamaica Plain's Forest Hills neighborhood. The first apartments are set to open in June 2016. MetroMark Apartments is located across from a major rapid transit hub, Forest Hills Station, with multiple public transportation options. The Southwest Corridor bike path and walking trail is also located nearby.The four buildings at MetroMark Apartments have risen significantly and are now a prominent feature of the Forest Hills streetscape.Looking up Washington Street from Building A towards Building DLooking down Washington Street from Building C towards Building A and Forest Hills StationBuilding A, the closest building to Forest Hills Station, has fully topped off. Fireproofing and windows have been installed along Building A's facade. Installation of exterior finish panels has begun.Building A; note ground-floor retail spaceBuilding A finishes (left) and fireproofing (right)Building A looking towards Forest Hills StationBuilding A looking towards Building BAcross from Building A, Building B recently topped off. Windows have been installed along Building B's wooden frame, and installation of fireproofing is off to a strong start.Building B looking towards Buildings C and DFurther up Washington Street, Buildings C and D's wooden frames will soon top off. Elevator cores for these buildings have already topped off.Building D looking towards Building ABuilding D with Building C at rearThe following is a site plan of MetroMark Apartments showing the locations of the four buildings.More information about MetroMark Apartments is posted below.
MetroMark Apartments rising swiftlySignificant progress is being made at Metromark Apartments in Jamaica Plain. The project's four buildings are rising swiftly and are becoming a prominent feature of the Forest Hills streetscape.Building A looking towards Building DBuilding D looking towards Building ABuilding A's wooden frame has topped off. Windows are nearly fully installed, and installation of sheathing and fireproofing has begun.Building A looking towards Building BBuilding A; note retail spaceBuilding A looking towards Forest Hills StationBuilding A at left, Buildings B and C at rightBuilding B's wooden frame is close to topping off.Building B at left, Building C at rightBuilding A looking towards Buildings B and CBuilding B looking towards Building ABuilding C's wooden frame will also top off soon.Building CBuilding D's foundation is complete, and the building's frame is starting to rise.Building D foundationBuilding D looking towards Building AThe Metric Corporation team is hard at work building MetroMark Apartments, and we look forward to watching these exceptional buildings designed by Utile Inc. continue to progress.