The Real Deal New York

Rockefeller University lands $150M for expansion

David Rockefeller, Stavros Niarchos Foundation donate $75M each to $425M project
November 25, 2014 02:54PM

David Rockefeller, retired chair of Chase Manhattan Bank, and philanthropy nonprofit the Stavros Niarchos Foundation donated a total of $150 million for the planned two-acre extension of Rockefeller University.

Each of the contributors gave $75 million toward the project that’s expected to cost at least $425 millionz. Plans call for a platform over FDR Drive from East 64th to 68th streets, to hold four new school buildings. The complex will be called the Stavros Niarchos Foundation-David Rockefeller River Campus. A two-story flagship property is set to cost $285 million, which is included in the total budget.

In May, the City Council’s Committee on Land Use approved the school’s plan, as previously reported. Construction is expected to begin early next year. [Crain’s]Mark Maurer