Collaboration anchored by Citi lease at The
Bridge at Cornell Tech
Citigroup Inc. (“Citi”) today announced a collaboration with
Cornell Tech, the revolutionary graduate institution, to engage
with Cornell University students, faculty, researchers, startups
and other companies, and create closer ties between academia and
industry.
The collaboration will be anchored by Citi’s presence on the
Cornell Tech campus on Roosevelt Island. Citi has leased 10,900
square feet in The Bridge at Cornell Tech from Forest City New York
and is the only bank located in the building located on Roosevelt
Island. The Bridge is a first-of-its-kind building for innovation
that brings together residents of the Cornell Tech campus, to
foster a culture of collaboration and co-creation.
“Co-locating in The Bridge with companies, entrepreneurs and
students will create an energized environment that fosters
innovation and enables interaction with a wide range of emerging
talent,” said Don Callahan, Citi’s Head of Operations and
Technology. “As a firm headquartered in New York City, we are
excited to be a part of this initiative with Cornell Tech that will
develop and strengthen the City’s technology talent and
industry.”
Citi will tap into the expertise of Cornell Tech students and
faculty to work closely on new capabilities and emerging
technologies such as blockchain, machine learning and big data
applications, biometric authentication, Internet of Things, and
cyber security. The partnership will provide faculty and students
the opportunity to work with Citi in exploring real-world solutions
for Citi’s clients and customers, through Product Challenges in
Cornell Tech’s Product Studio class, where student teams develop
innovative new digital solutions working with companies and
nonprofits.
Through programs such as the Citi Ventures University
Partnerships program, Citi teams will engage with Cornell Tech
students in activities such as hackathons and design sprints to
create, test and incubate new ideas and prototypes that have the
potential to generate organic growth for Citi. In addition, the
Citi Foundation will continue to work with Cornell Tech through
their mutual support of the Women in Technology and
Entrepreneurship in New York (WiTNYC) initiative, a program
designed to significantly increase the participation of women in
technology fields in the New York market.
Citi will accommodate approximately 70 to 80 employees in this
facility. These employees are responsible for advancing the bank’s
customer banking experience, partnering with start-ups on
innovative technologies and safeguarding clients’ information. The
new flexible work environment will drive collaboration between Citi
employees, Cornell Tech students and faculty, and other corporate
tenants. Citi employees will move into The Bridge during the first
quarter of 2018.
“Bringing together industry leaders like Citi and our pioneering
students and faculty focusing on key problems and opportunities of
the digital age is part of Cornell Tech’s lifeblood,” said
Cornell Tech Dean Dan Huttenlocher. “Collaborations like this one
will bring The Bridge and the entire campus to life when we open on
Roosevelt Island this fall.”
“Dedicated to uncovering emerging technologies and creative
results for their clients and customers, Citi is a great fit for
the dynamic environment at The Bridge at Cornell Tech,” said
MaryAnne Gilmartin, President and CEO of Forest City New York. “All
under one roof, Citi will have easy access to Cornell University
students and faculty, inspiring deep innovation.”
Citi’s presence in New York City includes multiple office
locations, its branch network and nearly 16,000 employees.
CBRE’s Mary Ann Tighe, Evan Haskell, David Caperna, Evan Fiddle,
Sacha Zarba and Ross Zimbalist brokered the lease on behalf of
Forest City New York.
About CitiCiti, the leading global bank, has
approximately 200 million customer accounts and does business in
more than 160 countries and jurisdictions. Citi provides consumers,
corporations, governments and institutions with a broad range of
financial products and services, including consumer banking and
credit, corporate and investment banking, securities brokerage,
transaction services, and wealth management.
Additional information may be found
at www.citigroup.com | Twitter: @Citi |
YouTube: www.youtube.com/citi |
Blog: http://blog.citigroup.com |
Facebook: www.facebook.com/citi |
LinkedIn: www.linkedin.com/company/citi
About Cornell TechCornell Tech brings together faculty,
business leaders, tech entrepreneurs, and students in a catalytic
environment to reinvent the way we live in the digital age. Cornell
Tech’s temporary campus has been up and running at Google’s Chelsea
building since 2013, with a growing world-class faculty, and more
than 200 masters and Ph.D. students who collaborate extensively
with tech-oriented companies and organizations and pursue their own
start-ups. Construction is underway on Cornell Tech’s campus on
Roosevelt Island, with a first phase due to open in September 2017.
When fully completed, the campus will include 2 million square feet
of state-of-the-art buildings, over 2 acres of open space, and will
be home to more than 2,000 graduate students and hundreds of
faculty and staff.
About Forest City New YorkForest City New York, a wholly
owned subsidiary of Forest City Realty Trust, Inc., is the owner
and developer of The Bridge at Cornell Tech, and owns and operates
over 30 properties in the New York metropolitan area, including The
New York Times Building. Forest City Realty Trust, Inc. is an
NYSE-listed national real estate company with $8.2 billion in
consolidated assets. The Company is principally engaged in the
ownership, development, management and acquisition of commercial
and residential real estate throughout the United States, and is
the developer of such projects as University Park at MIT, the
Science + Technology Park at Johns Hopkins, and 5M in San
Francisco. For more information, visit www.forestcity.net.
About Cornell UniversityCornell University is a
world-class research institution known for the breadth and rigor of
its curricula, and an academic culture dedicated to preparing
students to be well-educated and well-rounded citizens of the
world. Its faculty, staff and students believe in the critical
importance of knowledge—both theoretical and applied—as a means of
improving the human condition and solving the world’s problems.
With campuses in Ithaca, New York, New York City, and Doha, Qatar,
Cornell is a private, Ivy League research university and the
land-grant institution of New York state.
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version on businesswire.com: http://www.businesswire.com/news/home/20170724005339/en/
For Citi:Patricia Tuma, 212-793-7682orFor Cornell/FCNY:Jovana
Rizzo, 646-452-5637
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