Nathan Lamb | Wicked Local

This conceptual image of the redeveloped City Hall site was provided by Jefferson Apartment Group Development Company. It shows the two proposed buildings and a reconstructed Pleasant Street. Commercial Street is in the foreground. image courtesy CBT.
Image courtesy CBT.

The City of Malden has struck a $9.8 million deal to sell City Hall and the neighboring police station to a private developer.

A land disposition agreement to sell the 2.25-acre parcel at 200 Pleasant Street was announced by the office of Mayor Gary Christenson on Feb. 20. Relocation of City Hall has been a long-standing goal for many local officials, and the agreement requires the city to vacate by December of 2015. “This historical day has been a long time coming,” said Christenson, in a press release. “The City Council and I are enthusiastically moving forward on the community’s goal of revitalizing the downtown.

Redevelopment of the City Hall parcel was a key goal for Christenson upon taking office in 2012. A release from his office termed the disposition agreement “a significant milestone in the City’s efforts to revitalize Malden Square by demolishing the Government Center Building and Police Station to reopen Pleasant Street to through traffic. The deal is with Jefferson Apartment Group Development Company, a Virginia-based real estate firm with offices ranging from Boston to Florida.

The company’s current proposal calls for 245 apartment units and 17,250 square feet of commercial space at the site. The plan also includes 314 parking spaces, though the mayor’s release said those specs are “subject to refinements as the project moves forward into more advanced design and development.” {….}