In fiscal 2018, budgeted capital expenditures total $738 million. Sources of funding include:
The capital budget is used for the following purposes:
181 Mercer Street is a new mixed-use building to be developed at the site of the former Coles Sports and Recreation Center on Mercer Street between Bleecker and Houston Streets in Manhattan. The building, which is approximately 735,000 square feet, includes the following spaces:
The building will represent design excellence while achieving the academic and programmatic goals of the University. The previous Coles building was closed in February 2016 and the building has been demolished to grade. Excavation work is in progress and the building is expected to be finished in 2022.
The initial phase of construction that includes façade restoration, window replacement, and mechanical and telecommunications infrastructure is nearly complete. The first occupants will move in by November 2017 and full occupancy is expected by summer 2019. The building will contain Academic departmental and research space, classrooms, a 200 seat lecture hall, flexible digital media studios, and ground floor retail. Occupancy of the 500,000 square foot building will be as follows:
The first permanent home of the College of Global Public Health will be located at 708 Broadway/404 Lafayette. Design is in process, and the complete building renovation including new infrastructure and mechanical systems is expected to be ready for occupancy for the 4th quarter of calendar year 2019. The 113,000 square feet of newly renovated space will provide the College with departmental office space, research space, multi-purpose student space, and conference/training rooms.
The first phase of renovations - covering the 7th floor of 707 Broadway, as well as a new MRI Scanner on the first floor - has been completed. The second phase of work, to take place on the 6th-9th floors of 2-4-6 Washington Place will include 34,700 square feet of research labs and offices for the Center for Neuroscience. The vivarium, which now holds approximately 1,000 animals, including 65 primates, is also planned to be expanded by 5,000 square feet – a 40% increase over its current size. Construction is will begin in the winter 2018.
Tandon’s 352,000 square foot Rogers Hall houses several of Tandon departments, including Chemical and Biomolecular Engineering, Civil and Urban Engineering, and Mechanical and Aerospace Engineering.The building also contains many classrooms and teaching lab spaces. The initial phase of work includes extensive infrastructure upgrades, with later phases focusing on the modernization of research and teaching labs and faculty offices. By the conclusion of construction, nearly every Tandon faculty office, laboratory and classroom in Rogers Hall will be new or renovated, and there will be room for further growth of 15 faculty. Projects will be phased by floor and department, with various completion and occupancy dates over the next number of years.
The new Bonomi Admissions Center will open later this year on the ground floor of 25 W. 4th Street. The new space includes a presentation and event room that will double the seating capacity (to nearly 200) for Admissions presentations to prospective applicants and their families, compared to the current location on the ground floor of Shimkin Hall. The space is flexibly designed for receptions, admission fairs, pre-departure study away orientations, etc. The space also includes a number of admissions counselor’s offices and a generous pre-function room where parents and prospective applicants will congregate and can view materials about NYU while waiting for presentations.
These projects include repairs to building facades, roof replacements, installation of sprinklers, replacement and upgrades of HVAC systems, sidewalk replacements, information technology networks, etc.