There will be nearly $10 billion in construction projects by colleges and universities in New York City over a five-year span ending in 2017, according to a report by the New York Building Congress.
The report, entitled “NYC EDU; Building a 21st Century College Town,” was underwritten by several of the schools it surveyed.
The city’s flagship schools, including New York University and Columbia University, will account for a large percentage of the work with major expansion and renovation projects, according to the report.
NYU is planning a 1.9-million-square-foot expansion, as well as 14 other major projects, including a $345 million Center for Urban Science and Progress in downtown Brooklyn.
Columbia is undergoing a 6.8-million-square-foot expansion, and is also building a 450,000-square-foot center neuroscience research.
Other major players include Fordham University, which reported three major projects with a combined value of $425 million, and Weil Cornell Medical College, which is near completion of its $622 million Belfer Research Building, the report said.