Boston Montessori School to Purchase New Building

  • By Matt Jones
  • 03/26/24

The Kingsley Montessori School in Boston, Mass., will soon purchase a new building with the help of a $25-million, tax-exempt bond from MassDevelopment & Rockland Trust, according to a news release. The school has leased the space located at 26 Exeter Street since 2005, which currently plays home to the Kindergarten Entry and Elementary programs. Rockland Trust purchased the bond issued by MassDevelopment to help the school achieve a lower cost of capital as part of larger, more comprehensive financing solutions, the news release reports.

“Massachusetts is fortunate to be home to a wide range of educational institutions that nurture and prepare our students for the future,” said Dan Rivera, MassDevelopment President and CEO. “We are pleased to offer resources for independent and charter schools looking to buy or expand their facilities and position their campuses for long-term success.”

Kingsley’s campus consists of two buildings—the Exeter Street Building and the Fairfield Street Building—in the Back Bay neighborhood of Boston. It enrolls a little over 300 students between toddler-age and sixth grade and boasts a 7:1 student-to-teacher ratio, according to the news release.

“The purchase of our Elementary building enables us to continue providing a world-class education for families working and living in Boston while confidently exploring opportunities to elevate our mission delivery from the strong foundation of ownership,” said Kingsley Montessori School Head Steve Farley. “Securing 26 Exeter Street, our second permanent home in the Back Bay, strengthens our financial footing, ensuring Kingsley will be here for generations of students past, present, and future. I am very grateful for all those who invested in this historic endeavor, and for the collaborative partnership of our friends at Rockland Trust and MassDevelopment.”

About the Author

Matt Jones is senior editor of Spaces4Learning. He can be reached at mjones@1105media.com.

Featured

  • diverse, simplified human figures in various colors seated around a curved table, with floating icons like light bulbs and speech bubbles above them

    Spaces4Learning Relaunches Advisory Board, Announces 12 Members

    Spaces4Learning is pleased to announce the relaunch of its advisory board and the introduction of its 12 distinguished members.

  • Rush-Henrietta Central School District’s Sperry High School

    A New Perspective: Using Adaptive Reuse Concepts in K-12 Planning

    In the face of increasing pressures on construction timelines, budgets, and material availability, the renovation and reuse of pre-existing structures for new purposes can help bridge the gap between modern school programming and outdated school infrastructure.

  • Shaping Campus Identity: The Crucial Role of Landscape Architecture in Campus Design

    Landscape architecture plays a crucial role in shaping the overall experience, functionality, and identity of college and university campuses. The design and layout of outdoor spaces influence everything from the interactions between students to the ease with which people navigate the campus. A thoughtfully designed campus provides not only a functional environment for daily activities but also a space that inspires academic success and fosters personal growth.

  • UTEP Celebrates Construction Milestone for New Academic Building

    The University of Texas at El Paso in El Paso, Texas, recently held a “topping out” ceremony for its new learning complex, Texas Western Hall, according to university news. The construction milestone marks the placement of the last beam of a structure in progress.