NYU is up on Downtown thanks to latest Metrotech leases

School rents more space in Metrotech Center

NYU is expanding its existing Polytechnic Institute to include two more buildings in Metrotech Center, a move that borough officials cheered as a magnet for Downtown development — and a sign that university is serious about Brooklyn.

NYU-Poly signed a 20-year lease with Forest City Ratner for space in Metrotech Center, a campus of 11 mixed-use buildings between Flatbush Avenue Extension and Jay Street, where space has recently been going cheap.

“The increased student population will be a boon for businesses and attract greater private investment to the area,” said Borough President Markowitz.

The engineering school will move into the sixth floor at 15 Metrotech, replacing a departing insurance company. It will also take over the ninth and 10th floors at 2 Metrotech.

NYU-Poly already owns academic buildings at 6 Metrotech and 5 Metrotech, a residence hall on Johnson Street, and admissions offices on Bridge Street.

“Expanding into buildings that flank the commons allows NYU-Poly to own the square, and imparts a more dynamic, vibrant feel to our campus,” said NYU-Poly President Jerry Hultin.

Continue reading