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Malden receives $6 million for redevelopment project

The state is providing Malden with a $6 million grant to support its planned Malden Center redevelopment. The project calls for replacing City Hall and the police station with a mixed-use development; reconnecting Pleasant Street; relocating City Hall within the new development complex; and building a new police headquarters. The grant, and a previous $3 million award — both provided under the state’s MassWorks Infrastructure program — will help fund the estimated $30 million cost of building a new police station and purchasing space within the new development. The city plans to cover its costs through the sale of City Hall and the police station to the developer and a $12.5 million bond, according to Mayor Gary Christenson’s office. Jefferson Apartment Group, the selected developer, plans to invest an estimated $100 million for the project, which calls for building 234 market-rate apartments;, 25,000 square feet of retail space; 42,000 square feet of office space; and 276 parking spaces on the site. It will also reconnect Pleasant Street, which was divided when City Hall was built in 1975.