Combined Properties completed its first residential, smart-growth development project, 160 Pleasant Street Apartments, in 2006. This transit-oriented, multi-family luxury apartment community has 204 units, a 225 car garage, and is 318,000 square feet. Today, it's over 95 percent occupied.
Some of the goals for 160 Pleasant Street included bolstering the revitalization of Malden Center, bringing new residents to the community to support local businesses and restaurants; appealing to transit-oriented residents seeking the convenience of nearby public transportation, as the building is just steps from the Malden Center stop on the Orange Line; and providing a sophisticated living choice for young professionals in Greater Boston.
Today, these goals have been realized. This smart-growth, multi-family residential development project has proven beneficial for Malden, significantly increasing tax revenues for the city. It's also been a success for the 160 Pleasant Street residents, who love their home.
Residents enjoy a sense of community enhanced by events like catered and potluck parties, movie nights, yoga and cooking classes, breakfasts, and outings. They have complete access to online resources including a dedicated resident website, monthly community newsletter, and blog. Additionally, residents enjoy amenities including a private fitness center, media room, lobby with fireplace, dining room with catering kitchen, indoor garage parking, 24-hour business center, building-wide WI-FI, and a sun deck with beautiful views of the Boston skyline.
To learn more about 160 Pleasant Street, please visit www.160pleasant.com.
The Malden YMCA is a valuable resource for so many community members. Having served the public for over 100 years at its previous location, the fifth oldest YMCA facility in the country, the Malden YMCA was in need of a new home. With plans to alleviate crowding and allow for continued program development and expansion, work began on a new YMCA facility in 2003.
Throughout the project, Combined Properties donated significant funds and services. The firm served as a development partner, aiding in the fundraising, design, and construction of the new facility. President John Pereira was proud to serve as chairman of both the capital campaign and the building committee, and was chairman of the YMCA's board for five years.
In 2005, the reborn YMCA opened at its new location, 99 Dartmouth Street in Malden. The new facility is 76,000 SF, nearly twice the size of the previous building. Since opening in its new location, membership has increased by 900 percent. Malden’s YMCA features a 6-lane lap pool, 3-lane shallow therapy pool, teen center, child care centers, a full size gymnasium, indoor running track, fitness center, cardio center, senior fitness center, indoor handball courts, and a rich variety of community programs.
For more about the Malden YMCA, please visit their website.
When Combined Properties purchased 195 Canal Street in Malden, the site adjacent to the Malden River was in poor shape, both aesthetically and environmentally. Previously a chemical plant, the old factory site had been contaminated from prior uses and required extensive environmental clean-up.
Combined Properties executed a complete transformation of the once-vacant 4.5 acre Brownfield industrial site into an attractive modern office campus that today houses Cambridge Health Alliance’s (CHA) Malden Family Medicine Center. The medical center is a state-of-the-art primary care facility. Affiliated with Tufts University School of Medicine, more than 30 doctors work onsite and see patients of all ages. The new center was designed as a model practice to use the latest technology to benefit patients.
Combined Properties’s investment in 195 Canal Street is reflected in the city’s assessment of the property’s value, rising from about $2 million prior to redevelopment to almost $10 million today.
To learn more about 195 Canal Street today, please visit the Cambridge Health Alliance website.