Downtown Brooklyn office building to become NYU’s Center for Urban Science and Progress

TRD New York /
Apr.April 23, 2012 04:30 PM

The city and New York University have reached a deal to turn 370 Jay Street, an office building in Downtown Brooklyn, at MetroTech Roadway, into the Center for Urban Science and Progress, according to a statement from Mayor Michael Bloomberg’s office today. Marking the next step in the city’s Applied Sciences NYC initiative, NYU will repurpose the 460,000-square-foot tower that served as the headquarters of the state-run Metropolitan Transportation Authority for 30 years.

The agreement is contingent on approval from the MTA board, the statement said, and the agency will consider the issue Wednesday. The building is nearly vacant, but houses some staff of the MTA and the New York City Police Department and MTA equipment.

The Center for Urban Science and Progress will be a research institution focused on “the critical challenges facing cities … [such as] tech integration, energy efficiency, transportation congestion, public safety and public health,” and will admit its first class in 2013, the statement said. The program will award “graduate and doctorate degrees,” it noted.

The center will operate in another Downtown Brooklyn space until the two current tenants of 370 Jay Street, can be relocated. NYU will be responsible for the cost of moving both tenants, paying $50 million for the MTA’s relocation and $10 million for the NYPD’s.

The city owns the building, and under the current lease agreement, the MTA had the option to stay put for the cost of $1 per year for as long as it needs the space, previous reports say.

“Our administration has long seen the promise of Downtown Brooklyn, and we’ve made the investments needed to transform it into a thriving center for business,” the mayor said in the statement. “With the addition of this new campus, Brooklyn will be one of the most dynamic environments for entrepreneurs anywhere in the country.”

Steven Koonin, a theoretical physicist who previously held the position of provost at the California Institute of Technology, will serve as the Center for Urban Science and Progress’ inaugural director.

“With CUSP, New York will also be a living laboratory, a source of research, a test-bed for new ideas, and the economic beneficiary of our researchers’ discoveries,” NYU President John Sexton said in the statement. — Guelda Voien


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
Lemonade co-founders Daniel Schreiber and Shai Wininger

SoftBank-backed Lemonade raises IPO target to $319M

SoftBank-backed Lemonade raises IPO target to $319M
Scott Sandelin, Ben Potts, Michelle Bernstein, Felix Bendersky and Aaron Butler (Beaker & Gray, Twitter, F&B, Linkedin)

Restaurants, bars in a “scary situation” as restrictions ramp up

Restaurants, bars in a “scary situation” as restrictions ramp up
Brookfield CEO Brian Kingston

Brian Kingston on Brookfield’s long game

Brian Kingston on Brookfield’s long game
348 Court Street (Google Maps, Twitter/FDNY)

Building collapses in Brooklyn: FDNY

Building collapses in Brooklyn: FDNY
LA County ordered to shut indoor dining for 3 weeks as Covid cases climb

LA County ordered to shut indoor dining for 3 weeks as Covid cases climb

LA County ordered to shut indoor dining for 3 weeks as Covid cases climb
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...