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Quaker Lane Capital Secures Approval for Malden Office Project

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.


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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.