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Boston & New England  + Metro Boston  + Student Housing  |  July 24, 2025
Paul Bubny
By: Paul Bubny

MassDevelopment Issues $135M Bond for Brandeis U. Residence Hall

MassDevelopment has issued a $134,570,000 tax-exempt bond on behalf of Brandeis University, which will use bond proceeds to build and equip a new five-story, 631-bed student residence hall and fund other miscellaneous capital projects on its campus in Waltham. The bond was sold through a public offering underwritten by Barclays Capital Inc.

Construction of the new residence hall began in June, with design led by William Rawn Associates and Dimeo Construction serving as construction project manager. The project is expected to be completed in spring 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 currently enrolls 3,600 undergraduates and more than 2,000 graduate students.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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