Real estate development and investment firm Quaker Lane Capital, along with real estate investment firm Turnbridge Equities, has secured Special Permit approval from Malden’s City Council for their newest project, 11 Dartmouth Street.

The firm’s plan to build a mixed-use office property at the opportunity zone site, which was acquired in 2019. Quaker Lane enlisted Gensler as the architect to provide the concept design for the nine-story project which is slated to be Malden Center’s first LEED-certified office building targeted at innovation-driven tenants, including public and private sector organizations as well as entrepreneurial and research and development focused firms.

“When we enter local communities, we recognize the responsibility we have as developers to advance economic progress and social equity, and community feedback is of the utmost importance to Quaker Lane,” said Carlos Febres-Mazzei, managing principal at Quaker Lane. “The community’s input directly contributed to changes in the project’s design, while Gensler’s world-class work allows us to maximize the full potential of the project located within both an Opportunity Zone and a Gateway City. 11 Dartmouth Street will provide the City of Malden with new retail options, job creation, entrepreneurship, innovation, and substantial growth in tax revenue that directly benefits its citizens.”

The project is slated to be completed as early as 2023.