NEW YORK CITY—Metropolitan College of New Yorkplans to relocate to 40 Rector St.—occupying approximately 110,000square feet—in 2016. The school will move to the site from 431Canal St., in Hudson Square after a build-out next year. Identitiesof the brokers on the deal were not available at press time.

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The project is financed by tax-exempt bonds through the BuildNYC Resource Corp., a program of the Empire State Development Corp.The new facility will house MCNY's Manhattan campus on the sixth,seventh and eigth floors with a ground-floor entrance lobby,admissions office and conference center.

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“MCNY is delighted to announce a new permanent home in LowerManhattan,” says Vinton Thompson, president, Metropolitan Collegeof New York. “This facility will support our professionaldegree programs in the areas of business, human services,healthcare management, public administration, emergency management,education and urban studies.”

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MCNY, formerly Audrey Cohen College and the College for HumanServices, was founded in 1964 and has operated at four lowerManhattan addresses over the years.

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The College also offers programs in the Bronx at 529 CourtlandtAve. and is building a new full-service Bronx Campus in TrianglePlaza Hub at 459 E. 149th St.

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Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.