Posts tagged with "Ronald O. Perelman":

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REX's performing arts center obtains $89 million to speed up construction

Last week, the Ronald O. Perelman Center for the Performing Arts, which is currently under construction at the World Trade Center site, was awarded an $89 million grant by the Lower Manhattan Development Corporation (LMDC) and the U.S. Department of Housing and Urban Development (HUD). The long-awaited funding brought the project 82 percent of the way toward meeting its total construction costs. “We are grateful to the LMDC for their support to help realize the dream of creating a performing arts center in Lower Manhattan that will serve the local community, New Yorkers from all five boroughs, New Jersey residents, and visitors from around the nation and the world," said Maggie Boepple, President of the Perelman Center. Designed by New York–based firm REX Architecture, the 90,000-square-foot, 138-foot-tall cube-like structure will hold three open and flexible performance spaces that can fit up to 1,200 people. Its bold exterior, which is clad in marble on all four sides, will stand out from the sea of skyscrapers that surround it. The site will also hold various public meeting spaces and an open plaza. At night, the exterior facade will be illuminated with a warm glow. Since construction commenced in June 2017, the main building’s steel skeleton has risen at a relatively monotonous pace, as the majority of construction has taken place below street level at the soon-to-be Vehicle Security Center. Its main entrance is situated beneath the Financial District’s Liberty Park. As of now, an intricate web of concrete pours and steel beams supports the underground garage floors that compose the lower section of the site. Now that funding has been received, the Performing Arts Center should top out by the end of next year and is scheduled to be fully completed in 2021.
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Major Gift to Columbia Will Help Jumpstart Diller Scofidio + Renfro's Business School Plans

In May, Ronald O. Perelman, Chairman and CEO of MacAndrews & Forbes Holdings and a member of the School’s Board of Overseers, pledged a milestone donation of $100 million to Columbia Business School, which could help jumpstart the construction of two new facilities to be built on Columbia’s Manhattanville campus. Designed by Diller Scofidio + Renfro, the structures will incorporate zig-zag cutaway facades akin to the design seen in Columbia’s Washington Heights medial center plans, also by the firm. The business school buildings will provide a total of 450,000 square feet of space, some of which will be allotted to the increasingly popular collaborative gathering spaces that university campuses have come to know well. The new buildings are designed to accommodate the fast-paced, technologically advanced, and vastly communal character of 21st-century business and business education with multifunctional areas meant to cultivate a sense of community for students, faculty, and alumni. Columbia Business School Dean Glenn Hubbard has disclosed that the donation will permit the School to reach a new chapter in its extension into Manhattanville, located immediately north of the University’s current Morningside Campus. The planned Manhattanville campus is a $6.3 billion project with projected completion set for sometime within the next couple decades. Perelman’s donation marks the $455 million mark of a $600 million funding goal. In appreciation of Perelman’s generosity, one of the two future buildings expected to open within the next decade will be named the Ronald O. Perelman Center for Business Innovation. Columbia will name the other of the two new facilities The Henry R. Kravis Building in honor of Henry Kravis’s 2010 gift.