[[{“value”:”
MassDevelopment Issues $135M Bond to Support Brandeis University’s New Residence Hall
MassDevelopment has issued a $134.57 million tax-exempt bond on behalf of Brandeis University, paving the way for significant campus enhancements, including the construction of a new student residence hall. The bond proceeds will support the development of a five-story, 631-bed residence hall, as well as fund other capital projects on Brandeis’ campus in Waltham, Massachusetts. The bond was sold through a public offering and underwritten by Barclays Capital Inc.
Construction on the new facility began in June, with architectural design led by William Rawn Associates and Dimeo Construction serving as the construction project manager. The residence hall is projected to be completed by the spring of 2027.
“Brandeis University has a proud legacy of academic excellence here in Massachusetts,” said MassDevelopment President and CEO Navjeet Bal. “MassDevelopment is pleased to deliver tax-exempt financing to help this institution build a new, state-of-the-art residence hall on its campus in Waltham where it can welcome and serve students for years to come.”
Founded in 1948, Brandeis University currently enrolls approximately 3,600 undergraduate and over 2,000 graduate students. This new residence hall project reflects the university’s commitment to improving the campus experience for current and future students.
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