MassDevelopment, the state’s finance and development agency, said that it has issued a $40 million tax-exempt bond on behalf of the Winsor School of Boston, which describes itself as an independent day school for academically promising and motivated girls in grades 5 through 12.
The school, whose seven-acre campus is located in the city’s Longwood neighborhood, will use bond proceeds to construct a 130,000-square-foot performing arts and health and wellness center. First Republic Bank purchased the bond, said MassDevelopment, which added that the center is expected to be completed in 2015.
According to the agency’s press release, the project is historic for Winsor, nearly doubling the square footage of educational space on its Longwood area campus. The addition will include a double-court gymnasium; dance studio; weight and fitness center; 500-seat theatre and assembly hall; music, dance, and theater rehearsal studios; and classroom and support facilities. The center will attach to a school building that was built around 1910.
The architect for the project is William Rawn Associates of Boston. Lee Kennedy Co. began construction right after school graduation in June.
The release included a statement from Rachel Friis Stettler, Winsor’s director and O’Donnell Family Chair.
“We are building and improving as part of the great city of Boston, so that we can stay in this dynamic location in the midst of one of the richest concentrations of academic, cultural, scientific and medical life in this country,” Stettler said. “Our campus will reflect the energy, vision, and diversity of our neighborhood and our home.”
MassDevelopment works with businesses, nonprofits, financial institutions, and communities to stimulate economic growth across the Commonwealth. During fiscal 2012, MassDevelopment financed or managed 280 projects generating investment of more than $2.3 billion in the Massachusetts economy.