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

  • Pfluger Architects Hires New Higher Ed Practice Leader

    Pfluger Architects, based in Houston, Texas, recently announced Christopher Laack as its new higher education practice leader, according to a news release. Laack has more than 20 years of experience as a licensed architect and most recently served as the Principal and Commercial Practice Leader for VLK Architects.

  • bar graph with the bars made out of abstract cinder blocks and other construction materials

    Spaces4Learning 2025 Trends in K–12: Materials & Construction

    With 2025 well underway, it’s time to take a look at some broader trends submitted by you, our Spaces4Learning readership. We asked for your thoughts on topics like classroom design, health & safety, materials & construction, and technology in both K–12 and higher-education environments. Below is a roundup of 2025 trends in K–12 materials and construction from the experts in the trenches.

  • Zurn Elkay Announces Updated Line of Filtered Bottle Filling Stations

    Zurn Elkay Water Solutions recently released an updated line of its Elkay Filtered Bottle Filling Stations, according to a news release. The new line features a sleeker design and functional upgrades to help simplify filter maintenance and reduce long-term labor costs.

  • Kimball International Launches Season 5 of Alternative Design Podcast

    Commercial furnishings manufacturer Kimball International recently premiered the fifth season of its Alternative Design podcast, according to a news release. The first episode was released on March 17, and new episodes will launch monthly. The podcast discusses forces that shape built environments, from work to housing to healthcare to human wellness.