NYU plan gets top marks

One of the greatest resurgences in New York City of the last 30 years has been the growth of our academic institutions.  Our colleges and universities have become powerful magnets for talent and an excellent generator of new jobs.

Some exceptional steps have been taken in the last several years to ensure the long-term success of our world-class institutions.  The Bloomberg administration and the City Council have approved expansion plans for Columbia and Fordham campuses and the planned tech campus on Roosevelt Island by Cornell University has been met with universal acclaim. The latest success story was the City Council’s approval of New York University’s 2031 development plan.

For the 20-year project, NYU will develop more than 1.9 million square feet which will provide necessary space for classrooms and other educational facilities, a new athletic facility, study areas, performance and theater spaces, faculty office and research space as well as student and faculty housing.

The project calls for open space enhancements, including making the Sasaki Garden accessible to the public, and early commitments to build public spaces on Bleecker Street and LaGuardia Place. Plans also include a commitment to convert a 6,000 square feet of existing space in Washington Square Village to accommodate a community use.

There is no doubt that higher education is a major driver of economic growth for our city, and NYU is a major contributor with more than 40,000 full-time and part-time students. The University’s expansion will add to this economic impact by creating an estimated 18,200 construction job as well as 2,600 long-term employment opportunities.

The approval of this project culminates more than five years of planning. NYU’s 2031 development plan is another example of enhancements made by universities to attract top-notch brainpower that in turn will benefit our great city.

REBNY applauds NYU for creating a plan that allows for growth on its own property while maintaining the neighborhood character of Greenwich Village. The Real Estate Board of New York also commends Mayor Michael Bloomberg, NYU President John Sexton, Councilwoman Christine Quinn and Council Member Margaret Chin, who represents the Greenwich Village area, and was instrumental in getting the plan approved.

In other REBNY News:

REBNY members please check your membership profile by Friday, September 14 on the member’s side of www.rebny.com to ensure an accurate listing in REBNY’s 2013 Diary & Manual. Once you log into the site, under “Enter Website” go to “My Account” and click “My Profile.” If you have changes, please call REBNY’s membership department at 212-616-5245. 

Get your nominations in for REBNY’s Residential Division “Deal of the Year Awards.” The deadline is Friday, Sept. 14, 2012. Review your re-sales, new development sales and rental transactions that have closed or will close between Sept. 16, 2011 and Sept. 14, 2012 for the Deal of the Year Contest and submit nominations for Most Promising Residential Rookie Salesperson of the Year. The winners will be announced at the Residential Deal of the Year Awards and Gala on Thursday, Oct. 25, 2012 at the Metropolitan Pavilion. For more information, contact jtaylor@rebny.com.

Attention golf and tennis players. It’s time to sign up for REBNY’s Fall Golf & Tennis Outing on Monday, Sept. 10, 2012 at Metropolis Country Club, 2899 Dobbs Ferry Road, in White Plains. Golfers pay $425 and tennis players are $315. For those wishing to attend only the lunch and dinner portions of the event, lunch/dinner is $225 and dinner only is $150. For more information, contact Kathleen Gibbs kgibbs@rebny.com or 212-616-5246.