Tishman Construction is serving as construction manager on the project, having previously gut-renovated a former Rolls-Royce dealership on East 61t Street into an office and research facility for the college. The 18-story Medical Research Building eight blocks to the north is ground-up construction and is scheduled to be completed by the end of 2011.

The 480,000-square-foot building will include 16 floors of programmed space dedicated to areas such as cancer, cardiovascular disease, children's health, neurodegenerative diseases such as Parkinson's and Alzheimer's and global health and infectious diseases. Design firm Polshek Partnership Architects is emphasizing open floor plans and energy efficiency, according to a release.

"This building will be an enormous boon to our research scientists, who are pursuing translational research across the spectrum of medicine," says Dr. Antonio M. Gotto Jr., dean of Weill Cornell, in a release. "It will make us highly competitive in terms of available workspace for scientists, allowing the college to recruit more than 30 additional top-tier researchers." The Discoveries That Make a Difference capital campaign earmarks $200 million for the recruitment of new faculty.

Thirty-three of the 93 $1-million-plus gifts to the capital campaign were dedicated to the building's construction fund, according to a Weill Cornell. These included a $135-million challenge gift from Joan and Sanford Weill and a total of $100 million from the Starr Foundation and its founder and CEO, Maurice Greenberg and his wife Corrine.

In remarks at the groundbreaking, Mayor Michael Bloomberg noted the project's impact on the city, starting with the construction jobs it will create. "This research center will play a central role in what is emerging as a new industry for New York City—the applied biomedical science that turns research into lifesaving medical products," Bloomberg said Wednesday.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.