Skip to main content
Add as a preferred source on Google

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 [email protected].

Featured

  • Indiana University Launches Capital Campus in D.C.

    Indiana University recently held a ribbon-cutting ceremony for the new IU Capital Campus in Washington, D.C., according to university news. The eight-story facility will provide a central hub for the university’s existing programs and business operations based in D.C., uniting them under one roof and providing the opportunity to expand.

  • Photo credit - Chuck Coates

    Florida District Modernizes Central Energy Plants at Two High Schools

    Flagler Schools, a public school district in Flagler County, Fla., recently partnered with Matern Professional Engineering to modernize the central energy plants at two of its high schools, according to a news release. The project is part of a larger, district-wide effort to reduce energy costs and operational expenses.

  • Secret to Efficient, On-Time School Infrastructure & Modernization Projects is All in the Preparation

    Warmer weather and longer days make summer the ideal time for construction and modernization projects at educational facilities. School boards and construction firms must coordinate effectively to ensure that these projects do not extend even a single day into the school year and impede classroom operation.

  • Johns Hopkins Starts Construction on New Residence Hall, Dining Facility

    The Homewood Campus of Johns Hopkins University in Baltimore, Md., recently began construction on a new residence hall and dining facility, according to university news. The work involves demolishing the existing Alumni Memorial Residence Hall I, which was built in 1923, to make room for the new facility.