Business

Large Retail/Condo building planned for demolished Teen Center site but fate of historic building is at stake

By Mark Micheli The large hole in downtown Malden created by the demolition of the Malden Teen Center four years ago could be replaced with a 7-story building with retail on the first floor and about 60 residential condominiums above that. But first, the city and the developer have to decide the fate of a historic building next door. The historic M. Ida Converse building at 15 Ferry Street will likely be demolished if the city is unable to move it to another location. And that’s because the developer, Alpha Business Center LLC, has permission to demolish it to make way for its plans to construct a large building over that lot, as well as the lot next door at 1 Salem Street. Even if the historic building is demolished or moved, the developer would still need special permits from the city to carry out its building plans on the prominent downtown corner of Ferry, Salem and Main Streets, according to Ward 4 City Councilor Ryan O’Malley. High School Site Eyed For Historic Building A […]