Fitchburg, MA – MassDevelopment has issued an $11 million tax-exempt bond on behalf of Applewild School Incorporated, an independent day and boarding school with campuses in Fitchburg and Devens. Applewild will use bond proceeds to build a new dormitory on its Fitchburg campus to address demand for additional boarding space.
Rendering by LINCOLN Architects LLC
The new 2-story, approximately 17,000sf building will include six faculty apartments and 20 bedrooms that can house up to 40 students. Construction began in November 2023 and is expected to be completed in August, in time for the fall 2024 semester. The school will also use bond proceeds for various improvements to the preschool and toddler facilities in the Marshall Building, also located on the Fitchburg campus. Enterprise Bank purchased the bond, which helped Applewild achieve a lower cost of capital.
“We are excited to introduce this state-of-the-art dormitory as an extension of our commitment to the growth and development of our middle school students,” said Amy Jolly, Applewild School head of school. “This facility is designed to create a supportive and enriching environment that complements our academic programs and promotes a sense of community.”
