New York University, based in New York City, plans a $1-billion expansion of its Tandon School of Engineering, announcing the new investment Nov. 30 that will include purchasing an existing 350,000-sq-ft building adjacent to the existing Rogers Hall at its Brooklyn, N.Y., campus.

Privately-funded NYU says it is still in early stages of planning a build-out for the adjacent building at 3 Metrotech Center, which it purchased from JP Morgan Chase in September. The plan would tie into expected renovation of Rogers Hall and of lab spaces in Manhattan. The work would enable NYU to expand its interdisciplinary lab and research space for robotics, biomedical engineering, chemical and biomolecular engineering and nanofabrication, it said. 

The university did not say when it expects renovation to begin. It anticipates the building will open for the 2025-26 academic year. 

“Advancing our engineering program requires space, and 3 MetroTech is perfectly situated to help support our ambitions for progress and expansion at Tandon’s Downtown Brooklyn campus and its productive, innovative collaborations with other areas of NYU,” said university President Andrew Hamilton, in a statement.

The investment includes $600 million in previously planned funding, plus an added $400 million in operating budget growth and capital investments.

In addition to the new facilities and renovations, NYU will recruit 40 additional full-time tenure track faculty and fund added research as part of its investment. Research will focus on secure wireless ecosystems and supply chains, health engineering, sustainable engineering and data science, the university said.

The Tandon School of Engineering was formed by the 2014 merger of NYU and the Polytechnic Institute of Brooklyn. Its current name was adopted the next year following a $100-million donation from Chandrika and Ranjan Tandon.

U.S. News & World Report rates NYU Tandon at No. 33 on its latest annual ranking of best graduate engineering schools.