Wednesday, May 25, 2011
NEW YORK, NY May 25, 2011 /PRNewswire/ -- In an important step to fulfill NYU's city-wide strategic vision for expansion of its academic facilities, NYU's engineering affiliate, the Polytechnic Institute of New York University (NYU-Poly) (top left center), will expand into neighboring space in Downtown Brooklyn's MetroTech Center.
The move is part of NYU-Poly's $38 million capital plan, called the i-squared-e Campus Transformation - where the "i-squared-e" stands for invention, innovation and entrepreneurship.
The expansion into MetroTech will allow NYU-Poly to accommodate faculty offices, dry computational labs, small classrooms, and administrative functions, while freeing up space in current facilities for renovation and potential redevelopment.
"MetroTech Center has a great central commons area," said NYU-Poly President Jerry Hultin (lower right photo). "Expanding into buildings that flank the commons creates a better presence of NYU-Poly in the square, and imparts a more dynamic, vibrant feel to our campus."
NYU-Poly is entering into a 20-year lease with real estate developer Forest City Ratner Companies for a total of 120,000 rentable square feet of space at 2 MetroTech and 15 MetroTech, which also involves a 9-year sub-lease of space from Wellpoint Insurance.
For more information about NYU 2031 and a complete copy of the institution’s news release, please log onto www.nyu.edu/nyu-in-nyc or contact
Wendi Parson of Polytechnic Institute of New York University, email@example.com, +1-718-260-3323
Web Site: http://www.poly.edu