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

  • classroom with crystal ball on top of a desk

    Call for Opinions: Spaces4Learning 2026 Predictions for Educational Facilities

    As 2025 winds to a close, the Spaces4Learning staff is asking its readers—school administrators, architects, engineers, facilities managers, builders, superintendents, designers, vendors, and more—to send us their predictions for educational facilities in 2026.

  • Malibu High School Campus Completes $102M Phase 1 of Construction

    Malibu High School in Malibu, Calif., recently announced that it has completed phase 1 of construction for its new campus, a news release reports. The first phase consisted of developing and modernizing the site of a former elementary school into a new, 70,000-square-foot, two-story facility.

  • Image credit: O

    Strategic Campus Assessment: Moving Beyond Reactive Maintenance in Educational Facilities

    While campuses may appear stable on the surface, building systems naturally evolve over time, and proactive assessment can identify developing issues before they become expensive emergencies. The question isn't whether aging educational facilities need attention. It's how institutions can transition from costly reactive maintenance to strategic asset management in a way that protects both budgets and communities.

  • textured paper collage shows a school building on fire as a fire truck sprays water into the flames

    Why a Fire Loss Is More than Flames

    We've all seen what fire damage can do to a property, but the types of damage building owners often encounter after a fire loss can exceed expectations. Having full awareness of the different forms of damage properties can sustain helps owners respond faster, reduce continued damage, and get back on the road to recovery in short order.

Digital Edition