Downtown Brooklyn might become something of a college town. According to a report in Washington Square News, NYU’s new 25-year expansion plan includes taking around 1 million square feet of space in Downtown Brooklyn. While NYU hasn’t released details about how it would expand across the East River, the plans are presumably tied to the school’s merger with Polytechnic (though the school already snatched up some graduate housing at 67 Livingston on its own). It’s unclear whether the university would build new facilities or whether it would merely use existing space. Think this is good news for the rapidly transforming area? From a supply-demand perspective, it seems like it could only bolster the market.
NYU plans expansion into Govs Isle, Brooklyn [Washington Sq. News]
Downtown Brooklyn in Transition [Brownstoner]
Photo of Downtown by chickitykd.