FDIC-Insured - Backed by the full faith and credit of the U.S. government
Personal
Business Banking
Commercial
Wealth
About Us
Wealth Management
Loans & Credit
Newsroom
Contact & Support

Major expansion at Boston’s Huntington Theatre has begun

Vibrant new cultural hub supported by multimillion-dollar financing package

   

BOSTON, Oct. 20, 2026 — Boston’s flagship theatre The Huntington has begun construction of its much-anticipated East Wing expansion — a new soaring, modern venue alongside its historic location on Boston’s Avenue of the Arts — in the wake of a recently completed, multimillion-dollar financing package provided by Beacon Bank.

The centerpiece of this major milestone in the decades-long project is a $21,251,000 tax-exempt bond issued by MassDevelopment to support construction. The bond was underwritten and purchased by the bank, allowing the theatre to begin its renovations while adhering to the project’s planned timeline. The financing also included additional lending components totaling over $15 million to support the theatre’s long-term success.

“The Huntington’s expansion will help shape the future of Boston, creating spaces at one of Boston’s great cultural institutions where creativity, community and culture can thrive together,” said David L’Heureux, Division Head, Commercial Lending for Beacon Bank’s Boston region. “Our team, led by Senior Vice President Doug Dixon, worked closely with the theatre as its trusted partner to deliver a custom financing solution that matched the scale of its ambitions by leveraging the strength and resources of the Northeast’s premier, independent relationship bank.”

Expected to open in fall 2027, The Huntington’s East Wing is envisioned as a vibrant new cultural hub where art and community converge in a 14,000-square-foot space on the first two floors of the adjacent Toll Brothers residential tower that’s seamlessly connected to its adjacent, newly renovated historic mainstage home.

“Beacon Bank’s deep expertise and responsiveness allowed us to focus on what matters most: Expanding access to the arts and creating meaningful spaces for community connection and engagement,” said Chris Mannelli, executive director at The Huntington. “The bank took the time to understand not only the details of this project, but also the pivotal role The Huntington plays in the life of our community.”

The East Wing will offer fully accessible dynamic cultural and convening spaces visible from the street that are open to both theatre patrons and the public and provide programming beyond the bounds of its mainstage, strengthened by community conversation. In addition to featuring expansive lobbies, ticketing concierge, patron amenities and services, it will have flexible performance spaces, a bar/lounge/cafe, and an outdoor balcony overlooking Huntington Avenue.

“MassDevelopment is pleased to have issued a tax-exempt bond to support The Huntington’s East Wing expansion, as well as provide earlier support for this expansion through the Cultural Facilities Fund that we jointly administer with Mass Cultural Council,” said Navjeet Bal, MassDevelopment president and CEO. “We thank our project partners at Beacon Bank for purchasing the bond and making tax-exempt financing possible for this important project.”

The Huntington’s financing was provided by Beacon Bank’s Boston Institutional Banking Group, which focuses on the unique needs of institutional clients that help drive economic growth and strengthen communities. Through deep industry knowledge, customized financing solutions, and a relationship-focused approach, the team helps clients navigate complexity and capitalize on opportunity.

Media Contact for Beacon Bank:
Alison Skratt, Director, Corporate Communications
[email protected]
413.769.6007

Media Contact for The Huntington:
Gabrielle Choi, Associate Director of Publicity
[email protected]
617.273.1520

Media Contact for MassDevelopment:
Kiara Ford, Communications Specialist
[email protected]
978-844.1380

About Beacon Bank
Beacon Bank is a full-service, regional bank serving the Northeast and a subsidiary of Beacon Financial Corporation (NYSE: BBT). Headquartered in Boston, Massachusetts, the bank has $22.3 billion in assets and more than 145 branches throughout New England and New York. The company, through Beacon Bank, offers a full suite of tailored banking solutions including commercial, cash management, asset-based lending, retail, consumer and residential products and services. It also provides equipment financing through its Eastern Funding subsidiary, SBA lending through its 44 Business Capital division and private wealth services through Beacon Bank and Clarendon Private. To learn more, visit BeaconBank.com and follow Beacon on Facebook, Instagram, and LinkedIn. 

About The Huntington
The Huntington is Boston’s leading professional theatre company. On our stages and throughout our city, we share enduring stories that spark audience and artist imaginations and amplify our community's wide range of voices. Led by Artistic Director Loretta Greco and Executive Director Christopher Mannelli, The Huntington welcomes broad and diverse audiences, changes lives through education and community programs, develops playwrights and new plays, and serves the local arts community by operating our two venues: the Calderwood Pavilion and the Huntington Theatre. The Huntington catalyzed the 2-year, city-wide Ufot Family Cycle, bolstering 40+ activation partners' creative process and success through resources and connection; the finale premieres in November 2026. To learn more, visit huntingtontheatre.org.

About the MassDevelopment
MassDevelopment strengthens communities and advances economic opportunity across Massachusetts through financing, real estate services, and technical assistance. Working with businesses, nonprofits, developers, lenders, and municipalities, the agency financed or managed 538 projects in fiscal year 2026, generating more than $6.52 billion in investment, supporting an estimated 42,113 jobs, and helping create or preserve 4,355 housing units.