Montserrat Consolidates Downtown Spaces

July 29, 2013

Photo Cred: Montserrat student Dino Rowan Traite ’16

Beginning in September, Montserrat College of Art students and faculty, who have been walking up and down Cabot Street to various classroom spaces, will be united in one larger space in the former Wealth Management side of the People’s United Bank at 248 Cabot St.

Under a newly signed lease with Goldberg Properties, the college will occupy 36,000 square feet of the building consolidating six classroom spaces formerly located in three separate buildings downtown. Under the agreement, the college will pay the property taxes to the City of Beverly.

Current tenants in the building, the United Way of the North Shore and Beverly Main Streets, will remain in place.

Academic departments moving into the space will be Illustration and Liberal Arts. A number of faculty and staff offices will also eventually occupy space in the building.

Spaces being vacated include 236-238 Cabot St., the Oddfellows Building at 194 Cabot St. (second floor) and 269 Cabot St.

Montserrat College of Art President Steve Immerman said, “The consolidation of classroom space in downtown Beverly shows our continued commitment to the city and the downtown. As active supporters of Beverly Main Streets’ initiatives to increase downtown viability, Montserrat is thrilled to move faculty, students and staff into this great Cabot Street space. We are grateful to Goldberg Properties and our attorney, Trustee Miranda Gooding, for creating an agreement that works for everyone. We have had many positive relationships with downtown landlords over the years, and we are very excited about our new, larger space for our community.”

Andrew Goldberg of Goldberg Properties said, “We are excited to have Montserrat College take over this prominent building. We view the College as a huge asset and economic driver for downtown Beverly. We wish Montserrat continued success and look forward to working with them at this new location.”