Natick, MA – MassDevelopment has issued a $4.1 million tax-exempt bond on behalf of Riverbend School, an independent Montessori school in Natick.
Riverbend will use bond proceeds to build and equip a full-size gymnasium and a new elementary school building. The elementary school building, which broke ground in October 2019, will house the lower elementary program for students in first, second, and third grades, as well as design and art classrooms, an afterschool program, and administrative offices.
Both buildings are scheduled to be ready for occupancy by the start of Riverbend’s 2020-2021 academic year. Wellesley Bank purchased the bond.
Riverbend was established in 2010 through the merger of the Eliot Montessori School and Natick Montessori. Riverbend enrolls approximately 200 students ranging from age toddler through eighth grade.