NYU To Invest $500 Million In Its Brooklyn Campus

DOWNTOWN BROOKLYN, BROOKLYN — New York University is investing more than $500 million into a major Brooklyn expansion that will almost double the amount of space the university owns in the borough, the university announced Thursday. The expansion, expected to be completed by 2022, will focus on expanding and upgrading the university's science, technology, engineering and emerging media majors, the university's president, Andrew Hamilton, outlined Thursday.

NYU's investment into its Brooklyn facilities is expected to go over $500 million by 2022 and attract 40 new faculty and researchers and over 1,000 new students to Downtown Brooklyn, according to a press release from the school.

NYU will be moving into 370 Jay St., a former MTA building that it bought in 2012, by fall 2017, it said. The Jay Street building be the largest building on NYU's Brooklyn campus. The Center for Urban Science and Progress — which focuses on data informatics, social sciences and engineering to improve cities — will inhabit the top floor of the building, the university said.

The university will also be renovating science labs in Tandon's Rogers Hall for the chemical and biomolecular engineering, civil and urban engineering and mechanical and aerospace engineering departments, it said. NYU's start-up program that helps companies focused on clean-energy technology, data and digital technology will get more space and support, according to the school.

"Innovation and entrepreneurship have propelled Brooklyn’s economic trajectory and earned the borough bragging rights as the epicenter of New York’s burgeoning technology industry," Hamilton said. "NYU’s expanded presence in Downtown Brooklyn will lead to innovative solutions to real challenges facing the world’s urban centers and create new opportunities that the University can develop collectively with the technology industry."

"Today’s engineers are at the forefront of invention, innovation, and entrepreneurship as they build bridges among disciplines,” said Katepalli Sreenivasan, dean of the Tandon School of Engineering. "NYU is equipping the next generation of engineers with the approaches and tools they need to forge a connection between technology and other fields, so we can solve the major problems of the world, creating and utilizing technology in service to society."

NYU's new Brooklyn campus opened in 2014 and serves 5,212 students.