NYU TO TRANSFORM VACANT BUILDING INTO ACADEMIC CENTER

NEW YORK CITY — New York University (NYU) plans to transform the long-dormant, city-owned 370 Jay Street in downtown Brooklyn into a modern, sustainable academic center. The renovated 500,000-square-foot building will serve as the home of NYU’s Center for Urban Science and Progress (CUSP), as well as house the university’s entrepreneurial incubators, additional classrooms and office space. CUSP will occupy the top three floors of the 14-story building and the three incubators will occupy the third floor. The remainder of the building will be used by NYU for classrooms and other academic uses, with the exception of 14,000 square feet of retail on the ground floor. Once approved by the Public Design Commission, construction will begin in 2015 with completion slated for 2017. Mitchell Giurgola Architects is providing architectural services for the renovation.